This indicator will help in identifying trends. It is using the historic price action to determine the Buy and Sell signals.
Also we have used the Exponential Moving Averages on a daily timeframe (resolution/period). This will help is eradicate any false signals.
Yellow Line = Fast Exponential Moving Average
Red Line = Slow Exponential Moving Average
On a shorter timeframe, one should ignore short signals, if the price is moving above these two EMA's and similarly ignore long signals, if the price is moving below these two EMA's.