SMA VSA

This script calculates the strength of bears and bulls.
Long when green line crosses red upwards and stay upwards one more bar. Close long position when green line crosses red again in the opposite direction.

Short when red line crosses green downwards and stay downwards one more bar. Close short position when red line crosses green again in the opposite direction.

Open positions when lines are close to each other.

Recommended period: 14.

Versionshinweise:

Updated algorythm

Versionshinweise:

Now short signal appears when red line is above green and long - when green is above red.
Use this indicator only with VSA.