This is a very special indicator which uses a series of double filtering methods to filter out bad price data.
Each filter uses a very complex mathematical formula to obtain the data, based on the Wave Function, then applies initial signal filtering on the output.
The output of each filter is then compared to each other, and the output of this stage goes through another signal filtering process which is used in aviation industry (NASA) to track objects and keep them under radar!
The final output is then squeezed through a truncated bandpass filter and plotted as two colors.
This is to ensure a very quick and responsive entry and exit signal without any lagging, and also to ensure that the trader stays in the trade as long as profitable!
Buy when color is aqua. Sell when color is fuchsia.
Very nice script @FlynnTheAlmighty , thanks. To make it more precise, can we buy when the color is changing from fuchsia to aqua ? (or if we use other indi for confirmation --> prepare to buy when the color is changed from fuchsia to aqua).
UnknownUnicorn11161970
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@MasBart, you can do that actually. But it is better to use this, in confluence with S/R, pullbacks or the like.