Triple Cross UO

Sensitivity to a price change:
Black UO > Green UO > Red UO
How to reach a chart using UO_3X indicator:

A trend can be considered as stable if Green UO crosses and stays above Red UO. Visually it will look like a green cloud.
During uptrend there is a tendency of Black UO to fluctuate above Green OU and especially above Red UO. Coloring it yellow.
First reversal signal of the uptrend would be if Black UO touches or crosses above Red Band.
Second reversal signal is when Black UO falls below Green UO.
As a result of second reversal signal, Green UO also declines and eventually crosses below Red UO which is the confirmation of upcoming general downtrend, coloring it red.
During a downtrend Black and Green UOs fluctuate below RED UO.
Once black UO crosses below Green Band, coloring it blue, the first signal of upcoming reversal of downtrend is established.
Second signal of reversal of downtrend would be is when Black UO crosses above Green and RED UOs.
Confirmation of uptrend would be if Green UO goes above Red UO coloring it Green.

Catatan Rilis

Responsiveness increased.

Catatan Rilis

Updated.

Catatan Rilis

Added visuals

Catatan Rilis

Updated to V5

Catatan Rilis

Overbought and oversold levels are dynamic now.

Catatan Rilis

Triple Cross UO arguments adjusted to most TimeFrames of all Financial Markets.

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Skrip open-source

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