Smeared VCI

This indicator can be used to enter the market.
When the signal line crosses upwards the base line, enter short;
when the signal line crosses downwards the base line, enter long;

A filter can be used to enter short when in a downtrend or long in an uptrend.
A fair filter can be the ema(200) line defining an uptrend when price is above it or
a down trend when the price lies below.

Use at your own risk.

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Have fun.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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