This indicator is purely experimental at this point.
The indicator uses three exponential moving averages - fast, middle, and slow. Defaults: 3, 8, 34, but those can be changed in Settings->Inputs. You can toggle off the EMAs to not display in Setting->Style.
Green vertical bar = long
- middle EMA > slow EMA
- fast EMA > middle EMA
- fast EMA[1] < fast EMA [1] = one bar back [2] = two bars back
- fast EMA[2] > fast EMA[1]
Red vertical bar = short
- middle EMA < slow EMA
- fast EMA < middle EMA
- fast EMA[1] < fast EMA [1] = one bar back [2] = two bars back
- fast EMA[2] < fast EMA[1]