This script generates a line that changes color when evaluating the values and intersections of the 7-, 14-, and 42-day exponential averages, indicating possible entry and exit points.
In general, yellow indicates the beginning of an uptrend, green confirms an uptrend, and brown indicates a downtrend.
Using this script together with the RSI can help you make decisions about the best times to enter and exit positions.
The script was created to generate an indicator in a separate window from the main chart, but adding this indicator to the main window can help you visualize and interpret market movements.