Patrick's Buy Histogram
Set up a trailing stop at about 0. Look for the red dots.and that's a good point to enter a long trade.
study(title="Patrick's Buy Signal", shorttitle="Patrick's Buy Signal", overlay=false) len1 = input(title="EMA Len 1", type=integer, defval=4, minval=1) len2 = input(title="EMA Len 2", type=integer, defval=2, minval=1) len3 = input(title="EMA Len 2", type=integer, defval=3, minval=1) hline(0, color=gray, linewidth=1, linestyle=line, title="Zero Line") typical = (high + low + close) / 3 ema1 = ema(typical, len1) ema2 = ema(typical, len2) D = 100*(ema2/ema1)-100 L = ema(D, len3) //plot(D, color=blue, linewidth=1, title="Slower Moving Average") //plot(L, color=red, linewidth=1, title="Faster Moving Average") agl = atan(L-L[1])*10 diff = agl-agl[1] plot(diff, color=black, linewidth=1, title="Oscillator") bsig = iff (diff>0 and diff[1]<0, 0.1, 0) plot(bsig, color=red, style=histogram, linewidth=5, title="Buy Histogram")