Two Sides Market Indicator - Comprehensive Guide

🏆 Motto:

"See both sides of the market – trade with clarity and confidence!"

📌 Overview

The Two Sides Market indicator is a weighted moving average-based tool designed to highlight trend direction and potential reversals. It uses a unique calculation method to dynamically color price movements, helping traders quickly identify bullish and bearish phases.

🔧 Indicator Settings

Input Parameters:

Rperiod (Default: 14) – The lookback period for calculations.

Draw4HowLongg (Default: 1500) – Controls how many bars are processed.

Type (Default: 3) – Determines which price type is used:

1 = High

2 = Low

3 = Close

Visual Customization:

Gold Line: Bullish momentum (price moving up).

DeepPink Line: Bearish momentum (price moving down).

📊 How It Works

Indicator Logic:

Weighted Moving Calculation:

Uses a modified weighted moving average formula based on the selected price type (High, Low, or Close).

The weight factor (i - lengthvar) emphasizes recent price movements more than older ones.

Trend Coloring:

Gold Line: Activates when wt[shift] wt[shift+1] (uptrend).

DeepPink Line: Activates when wt[shift] wt[shift+1] (downtrend).

The indicator dynamically switches colors to reflect trend changes.

🎯 Trading Strategy Suggestions

Buy Signal:

When the Gold Line appears, indicating upward momentum.

Sell Signal:

When the DeepPink Line appears, indicating downward momentum.

Trend Confirmation:

Use with support/resistance levels or volume analysis for stronger signals.

Best Timeframes:

Works well on H1, H4, D1 for swing trading.

🔍 Additional Notes

Works Best in Trending Markets – May give false signals in choppy conditions.

Combine with RSI or MACD – For additional confirmation.

Adjust Rperiod for Sensitivity – Shorter periods (e.g., 7) react faster but may produce more noise.

📜 Developer & Source

Developer: R.KH 1001

Source: RoboMQL

🚀 Trade smart, stay ahead of the curve! 🚀