Hello, Mr. Kvak.kvak wrote: Sat Apr 20, 2024 8:21 am Expansion Contraction indicator with Color Filling, Arrows & Alerts
Hello, here is little updated version with filling, arrows and alerts for test.
Arows/alerts for fast/slow cross.
To recap,TransparentTrader's original post which includes the full description is here.
- This indicator compares two price points (High and Low) by using a Moving Average channel and using a second, built-in indicator that compares the two price points (High and Low), through two longer look-back Moving Average Channel settings.
- It utilizes Standard Deviation for volatility readings
- Aims at being "zero lag"
- Is marketed as an all-in-one indicator
I've been experimenting with this indicator for a while now, and I've found that it yields excellent results when you enter when the lines have crossed over 100 level. I was wondering if you could modify it so that the blue and red lines only change color when they've crossed over 100 level, and when they are below the level, they have neutral or no colors. Or maybe have like a histogram bar show up when a line has crossed over 100 level, or an arrow. Anything really that can show whether a line has crossed over level 100. Thanks.