This is a support indicator to the Main Indicator which has also been published.
This indicator uses the close of a candle and compares where it is in relation to the upper and lower levels of a . This is a centred oscillator where anything below the zero line is indicating a short signal and anything above zero is indicating a long signal. The crossing of the zero line is an important point for this indicator.
Whilst an actual alert function is not set for the indicator, the TradingView alert function can be used to trigger a message when the line crosses zero (up or down).
I've been using this successfully on the one hour FX charts, but seems to work equally as well on higher or lower time frames (not less than 15min).
The other indicators which are part of the suite are shown on the website which is highlighted in my signature at the bottom of the page. Purchase of the main indicator gives access to the full suite of eight indicators. I use the other indicators to confirm the direction of the trade and to determine if I want to trade or not. I use it along with the 2min, 15min and 4hr timeframes to identify the best entry window and how long I'm likely to be in the trade.
Support can be provided via private message or in the comments below.
The links are provided below for access to the indicator.
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Mikeo82 for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.
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Content on how to use the indicators can also be found on there.