The one thing you also have to remember to add into the analysis is the other lines.
For example if the green, lagging line was to break down into the price line that would indicate a sell signal. The red line for now is giving us an indication that we are ranging. The blue line says that for now a downward trend is possible.
Neat idea, but a little more analysis is needed as those two supports can be broken quickly.
timpa
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Thanks for the input :D, it was just my first test on this site and my first time trying out ta indicators aswell, will definitely read up on the stuff you mentioned :)!
For example if the green, lagging line was to break down into the price line that would indicate a sell signal. The red line for now is giving us an indication that we are ranging. The blue line says that for now a downward trend is possible.
Neat idea, but a little more analysis is needed as those two supports can be broken quickly.