Description

• This study plots a Buy signal when the data line crosses a specified Buy level in upward level and a Sell signal when the data line crosses the Sell level in downward direction

Interpretation

• Upward crossover is a positive crossover wherein a Buy trade can be executed
• Downward crossover is a negative crossover wherein a Sell trade can be executed

Default Parameters Used/Inputs

• Data Line
• Buy if Level: Buy Level, crossing over which Buy signal should be plotted
• Has Cut Upward: Up or Down
• Sell if Level: Sell Level, crossing down which Sell signal should be plotted
• Has Cut Downward: Up or Down

Returns/Output

Buy and Sell signals

Formula