technical indicator UpDown looking for potential entry points.
It has two main lines (Up and Down), As well as an additional line (Balance).
The main entrance to the market signal occurs at the intersection of the lines of the Up and Down.
If the line becomes higher than the Up Down the line, this is a buy signal.
If the line is below Up Down the line, it’s a sell signal.
Balance auxiliary line is used as a definition of the “look” of your position.
If the Balance line at the opening of the long position is above zero, then most likely, you are trading with the trend. The same situation occurs when you open a short position if the Balance is below zero line.
If the Balance line at the opening of the long position is below zero, then most likely, you are trading against the trend. The same situation occurs when you open a short position if the Balance line is above zero.
- Period_UD – the number of candles, which is taken to calculate the values of the Up and Down lines of the indicator.
- Period_Balance – number of candles, which is taken to calculate values Balance lines.
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