I found this indicator, and i think it has a really nice potential. I think there could be an expert programmed on the basis of this indicator. The simplest is to do the expert that would do the following:
Long position opens at the close of the bar during which the cross has taken place . Or on the open of the next bar. The position closes when the lines cross back, and right then a short position opens. And so on.
I have attached a chart with the indicator, and the trades it would make for the last two days. It is usdchf 1h chart. Also i am attaching the code of the indicator.
So i want to know, what do you think about this, and what improvements could be made, like filters, or different exit points and so on.