Trend Predictor Oscillator
The trend predictor oscillator is based on the RSI. It puts together two sides of the RSI, a buy and sell side.
The way the indicator is used is:
If the red line is above the blue buy line , this condition indicates a sell signal.
If the blue buy line is above the red line, this condition indicates a buy signal.
This indicator based on the above rules can reduce noise and give trend signals. Designed for all timeframe charts.
Default setting is 14 period, but this can be changed to your preference. A higher number is less signals and less noise but possibly more lag.
(Recommended to test input period: 100)