I'm trying a new signal system due to a request from @luckyCamel58789 so let me know what you think. I now differentiate between a buy and a strong buy when the indicator increases over itself twice and vice versa. Dark green is a strong buy and light green is a regular buy. Dark red is a strong sell and light red is a regular sell.
Let me know what indicators you would like to see me publish!
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.
Also a useful tweak I like to make to indicators like this and fisher transforms is using a variable rather than fixed 1 bar offset for the trigger. It adds more flexibility and often reduces false signals as shown in the image below.
slo = net - nz(net(offset)) *square brackets don't show in TW comments.
A big reason I like to add optional net smoothing to other indicators is it can turn them into oscillators simplifying buy/sell signals.
denom = len * (len - 1) / 2
num = 0.0
for i = 1 to len - 1
for k = 0 to i - 1
num := num - sign(src - src)