A signal is generated on the first price touch of the following the price floating above or below it for several bars.
- If is green and a green up arrow appears (price touch), look for buys.
- If is red and a red down arrow appears look for sells.
Can be used with a longer period MA to confirm overall direction, MTF, chop zone, etc.
May wish to enter on the signal, or wait for price to turn back in direction of the trend.
Still in development!