Branch22

Snap Indicator

320 0 50
Snap Indicator created by Branch 22 Capital at www.branch22.com, a small proprietary trading group and aspiring hedge fund. Enjoy :)

Use instructions:
If single line = red then overall trend = bearish
If single line = green then overall trend = bullish
If dual line = red then temporary trend = bearish
If dual line = green then temporary trend = bullish

If day trading use smaller scales or dual line readings.
If longer hold use larger scales or single line readings.

DISCLAIMER: By using this indicator you understand that trading is inherently risky. Proper technical trading requires a lot of experience as well as tools. Branch 22 Capital takes no responsibility for any trades made using this indicator. This indicator was created for research purposes only.

Donate Bitcoin at 1K6aAFNq6uWDxgA1qxc3D2T8pvgihxcpCp or fiat currency on PayPal at management@branch22.com
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//Created by Branch22Capital at www.branch22.com , enjoy :)
study("Snap Indicator")
fast = 4, slow = 20
fastMA = ema(close, fast)
slowMA = ema(close, slow)
signal1 = fastMA - slowMA
signal2 = wma(signal1, 9)
snap = slowMA - fastMA
a = signal1 >= signal2 ? green : red
b = snap <= signal1 ? green : red
plot (signal1, color = a)
plot (signal2, color = a)
plot (snap, color = b)
plot (0, color = black)
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