Up&Down by CoinMetrika

A sensitive indicator for detecting current market trends. The indicator acquires the highest value near the upper and lower limits of its range. Therefore, the main use of the indicator is to identify potential entry and exit points, as well as price reversals.

Because of the sensitivity, it often makes noise. Therefore, it is recommended to use it in conjunction with the CustomRSI by CoinMetrika indicator, which is less sensitive and doubles as a confirmation indicator.

We are looking for a red triangle and a red dot on one bar in the overbought zone on these two indicators to enter a Short.

Conversely, we are looking for a green triangle and a green dot on one bar in the oversold zone on these two indicators to enter the Long.