This is BP Oscillator / Bagot Price Oscillator It is part of the Rabbit hole algorithm/ strategy which jets to be revealed but works stand aloe very good
Initial idea: When lines cross it signals you change of trend but since reversal trading is a sucker game, you should wait for your baseline to get broken in the signal direction
blue - long red - short
Baseline options: any style of MA or line on chart indicator, speed of baseline for this oscillator needs to be on the faster side of mid-speed settings, ex.: if you would be using MA that would be around 15, for HMA round 20 -30
Important The slower line "50" of the BPO needs to be set to: is centered