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This indicator is a two line cross indicator. It searches for a specific occurrence where the current high price is larger than the last high price and is also larger than the high price a specified number of periods in the past. The same goes for the low. It looks similar to the Aroon indicator but doesn't work the same way. They may be both used in conjunction. Buy and Sell signal are given by the crossing of the Longsignal and ShortSignal Lines. With this indicator you will be able to colorize canbdles according to the trend. You may also receive alerts when the shjort and long lines are crossing.
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Manufacturer:
nt8indicators
SKU:
TBNR
Vendor:
nt8Indicators
$9.90
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Product tags
confirmation indicator
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two lines cross
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