The usage is very easy. When the line is green you can open long position, when the line is red you can open short position and when it's black just check by yourself. Usually I use it with RSI and Bollinger Bands, in order to determine when the signal is strong or weak.
Just play with fastest and slowest SC to adjust the smoothness.
Hi, what would it take to add alert functionality to your indicator? I would like to make it so that the indicator sends me an alert whenever to changes to a specific color; ie from black to green.
tbuckle
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So you are saying a short position is now viable? Additional question, how come the chart does not show the recent hi of 49.25??