Simple script to identify trends without the complexity or extra features of other popular indicators such as MACD or stochastic.
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With the addition of the zero line it can be used as the MACD. It is less cluttered and preserves the original functionality of the indicator. When the faster moving average crosses over the slower moving average the signal is bullish and when it crosses under the signal is bearish. Long trades should be placed when both moving averages are over the horizontal signal line and short trades when both are below it.