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Hi Folks,
Please be tolerant of my naive request ... I'm new to trading but already require a Custom Indicator.
It should be relatively easy; it's just that I have no working experience with editing and coding.
I currently run a JMA Slope for two different periods. This requires 2 separate Indicator windows. I've modified the scale so that it appears binary (on/off) in its indication for up trend or down trend ... basically a Flat Indicator. (see pic below)
I would like these to appear in a COMBINED Flat Indicator, showing when the two JMA's are "in phase downtrend", "in phase uptrend" and "out of phase" (crossover).
The resultant indicator would look like the second picture below.
I would really appreciate it if someone could help me with this!!
Thanks in advance ...
Yoz
Modified JMA Slope
Desired Outcome Showing "In Phase" (Down/Up) and Out Of Phase (Crossover)