Enhancement on the Lazy Strength Indicator
1. Diamond at the bottom shows the trends
RED: Downtrend
BLUE: Uptrend
2. Arrows at the top show the Buy/Sell signals
BLUE: BUY
RED: SELL
Wait for the Diamond and Arrows to be aligned.
RED diamond + RED Arrow = SELL at the next candle open
BLUE arrow + BLUE Arrow = Buy at the next candle open
This...
A simple script I wrote that allows you to look at the posture of a moving average. Rates of change can be useful to understanding momentum. Additionally, I have included a signal line so you can see if the posture is more or less than average.