Hi there! I have an idea for an indicator.
It will plot a light green + sign under a bar meeting this criteria:
It traded below it's open, reversed and closed above it's open.
A 20 period VWMA is above a 20 period SMA. (you can change those values in indicator options to adjust sensitivity)
CVI (cumulative volume index) is above it's 50 day moving average. (you can change this value in the indicator options to adjust sensitivity).
MFI (money flow index) is above it's 50 day moving average. (you can change this value in the indicator options to adjust sensitivity)
*** You have to choose between CVI or MFI method in indicator options, can't have both at same time***
If the bar is an UP bar (it closed above previous bar close), then the a DARK green + appears (or ++). (you can choose how many bars to look back, 1, 2, etc.. in the case you want it to close above more bars to trigger).
For the bearish signal a red - (minus) sign appears on top of bar, same settings as above, but inverted.
The sign can be + -, arrows, dots, does not matter...
Thanks!! God Bless and good trades!