This indicator provides both long and short signals as well as color coding market direction bias.
There are 3 variables for this indicator are smoothed with some calculations EMAs with a signals.
Defaults are short length (21), long length (11), signal length (11) and represent the best middle of the road numbers I've found that work across all markets.
- Upward triangle with L represents Long signal.
- Downward triangle with S represents Short signal
- Green background represents bull bias
- Red background represents bear bias
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact xkavalis for more information, or follow the author's instructions below.
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