This script show: 1. Signal line base on sma blue color 2. Signal line base on ema orange color 3. Green bar mean current bar is high than signal line 4. Red bar mean current bar is low than signal line
if bar upper zero line, it show uptrend if bar below zero line, it show downtrend If orange line cross up blue line, it show signal buy. If blue line cross down orange line, it show signal sell.
Combined it with other indicator you preferred such as support and resistant to avoid more noise.
The default setting is 5,20,5. (for short to midterm strategy)
my idea: 5 for five days in a week. 20 for twenty day in a month.