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Re: DSL (Discontinued Signal Line) indicators

mrtools, Wed May 13, 2020 5:35 am

JeffVader wrote: Wed May 13, 2020 4:18 am

Hi MrTools

I'm wondering if this can be coded differently. My understanding is that these indicators have overbought and oversold areas or dsl lines. Why would someone want to enter a trade when it is already 'overbought' or 'oversbought' this is counter intuative. Instead it works much better in testing if you enter a buy trade as the indicator leaves the oversold area (exit once it enters overbought) and then enter a short when it leaves the over bought zone.

The adjustments that are needed are the colours are neutral in over areas and then a positive colour (blue ) on incline and negative (red) on decline.

Thanks a lot for all your work.
Maybe something like this?
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