Snap Indicator

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Snap Indicator created by Branch 22 Capital at, 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.

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//Created by Branch22Capital at , 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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