Hello Everyone,
Trend is now determined by 8 EMA, 21 EMA, & 55 EMA.
To respond quicker to change in trend and better during sustained downtrends.
When 8 EMA is above 21 EMA, and 21 EMA is above 55 EMA, line is 1 ATR below 21 EMA (green).
When either 8 EMA is below 21 EMA, or 21 EMA is below 55 EMA, line is 2 ATR below 21 EMA (orange).
When both 8 EMA is below 21 EMA, and 21 EMA is below 55 EMA, line is 2.5 ATR below 21 EMA (red).
As always, do share if you have any idea for improvements!