Implement 100 Line Cross signal

[kenorb]

When price moves from below the 100 Line and crosses it to the upside, it indicates that prices are moving higher and that you may want to trade from the bullish side. And similarly, when price moves from above the 100 Line and crosses it to the downside, it indicates that prices are moving lower and that you may want to trade from the bearish side.

Keep in mind, that you should not use the 100 Line cross in isolation as it can be prone to whipsawing. The point is to keep an eye out for where price is in relation to the 100 Line and use other filters to find the best entry opportunities. For example, in an uptrend, you may want to wait for prices to pullback to or below the 100 line from above, and enter after price crosses back above the 100 line. You could filter that condition with something such as a 3 bar breakout for entry.

Refs: https://forextraininggroup.com/understanding-trading-momentum-indicator/