One moving average ( SMA ) is used. The channel is convened at a moving average rather than prices. Blue is a uptrend. Red is a downtrend.
If the candle has closed above the ribbon - open long (and close short)
If the candle has closed below the ribbon - open short (and close long)
If the candle has closed above the ribbon - open long (and close short)
If the candle has closed below the ribbon - open short (and close long)
Release Notes:
+ ohlc4
Release Notes:
+ Signal Source
Release Notes:
+ MA Type (sma, ema, vwma)
Release Notes:
+ MA Type (rma)
Release Notes:
+ checkbox (long, short, etc)