Cross Roads - A 2 lines cross indicator for trend trading

This “Cross Roads” custom indicator from Stonehill Forex is a two-lines cross, price overlay. It is primarily used as a trend identifying indicator rather than a reversal indicator. It uses two weighted moving average lines and used the highest and lowest value in a special (filtered) WMA and inverse WMA variant to calculate the signal lines. There are two variables in the settings menu.

• 
  StartLen: The starting point where the math begins to gather data. The default value is 2. There are two conditions we wanted to mention regarding the “StartLen” setting;
  The “StartLen” setting variable must not be less than zero.
  The “StartLen” setting must be less than the “LOOKBACK_period”.
  
• LOOKBACK_period: This is the number of historical data periods the math will include when generating the signal lines. The default value is 24.
  

How to use it;
Long: When the green signal line crosses above the magenta signal line.
Short: When the red signal line crosses above the green signal line.


This indicator is the TradingView version of the MT4/MT5 indicator with the same name, which can be found on the Stonehill Forex website and MQL Marketplace.