This is an indicator from a book "Street Smarts—High Probability Short Term Trading Strategies" by L. Raschke & L.Connors. I made it in histogram style for more comfortable reading chart: - green histogram is buy signal or buy opportunity; - red histogram is sell signal or sell opportunity; - gray histogram is forward moving from last signal. Enjoy it!
Here you get a script with the rules for "Glory Hole"-Strategy from Linda Raschke. In Addition, I choose the SMA - not the EMA for this script. MY RECOMMONDATION: If you get a trade Signal, then set an sell- oder buy-order on the high or low. If the next bar doesn't touch into the trade, then delete your order. Have fun and good look.