Note: Use this script this only on Daily time frame
1. Long : when BLUE line crosses above RED line while Black line is below both lines (Black line can be used as SL) 2. Short : when BLUE line crosses below RED line while Black line is above both lines (Black line can be used as SL) (Optional) 3. Risky Long : Closing Price cross above black line while blue and red both are staying below black line (Optional) 4. Risky Short : Closing Price cross below black line while blue and red both are staying above black line
Use black line to find trend. Closing price > blue line > red line > black line = BULLISH Closing price < blue line < red line < black line = BEARISH
USE BLUE AND RED LINE FOR SHORT TERM TREND USE RED AND BLACK LINE FOR LONG TERM TREND
LONG TERM TREND : RED LINE CROSSING ABOVE BLACK LINE FOR LONG POSITIONS (SL Below Black line) RED LINE CROSSING BELOW BLACK LINE FOR SHORT POSITIONS (SL Above Black line)