Editing UMG General Concepts


# '''Algorithm''': A specific set of rules used to construct technical analysis models on financial instrument charts. UMG utilizes two distinct algorithms, each responsible for building different types of technical analysis models.
# '''Model''': A key structural concept in UMG that encompasses a set of elements such as:
## A segment of the price chart where the algorithm has been successfully applied.
## A collection of lines constructed on the relevant price chart segment as a result of a complete and successful application of the algorithm.
# '''Model’s Parameters''': A collection of values derived from:
## The price chart segment and the set of lines created by the algorithm.
## Certain parameters may also be calculated using other previously constructed models.
# '''Point (also known as "Touch")''': In the context of an algorithm, a point refers to a specific location on the chart associated with the high or low of a particular bar. Significant extremes or tangent points identified by the algorithm can serve as points (touches).
# '''Significant Extreme''': An extremum that possesses a confirming extreme.
# '''Confirming Extreme''': An extreme that precedes a significant extreme. In essence, an extreme can only be deemed significant if there is a confirming extreme preceding it.
# '''Absolute Extreme''': In the context of algorithms, this refers to a price chart extreme that satisfies the following conditions:
## It represents the lowest or highest price value in the region between two adjacent absolute extremes. Therefore, absolute extremes are mutually defining.
## It is a significant extreme.
# '''Local Extreme''': This is a price chart extreme that:
## Does not represent the lowest or highest price value in the region between two adjacent absolute extremes.
## Is a significant extreme.