Okay guys here is what I think is going on and how to use it.

Since we are waiting for the Author, let get this done will he arrives

From looking at the code, it looks like an mix between Standard MACD and iBands Displayed as a seperate window flat indicator.

So the Green and Red lines correspond with MACD
The Sienna line looks like it indicating the explosive price power
The Blue line indicated the dead zone - no trade.

All logic seems to be looking at the Close price

So Green is Buy and Red is Sell.
If Green is above Blue and Siena - Signal Buy
If Red is above Blue and Siena - Signal Sell

Exit

Exit the Open Buy when Green goes below Blue Dead Zone.
Exit the Open Sell when Red goes below Blue Dead Zone.

Now this is where it bothers me, because it is a very sensitive indicator. I am more concerned at this stage with false exits than false trade signals.

I see the Exit signal in the code and the alerts are true, but I still don't grasp the rules that need to apply to trigger it. I might grasp it after a week of testing. Started on Thursday night and didn't trade on Friday. So give me a bit more time and we can revise this.

If you guys differ from my views please add any comments. I really have no problem with being wrong or corrected.

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Safe Trades

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