[blackcat] L1 Tether Line

Level: 1

Background

Omega Research proposed Tether line in June 2000. I utilized it in fast-slow line form to follow trend.


Function

Due it can provides good support and resistance, using it as "moving average" fast-slow line form can provide very stable golden cross and dead cross signal.
You can adjust parameters to fit for your trading pair and use it and compare it with Supertrend indicator.



Key Signal

Tether_fast --> Tether Fast Line.
Tether_slow --> Tether Slow Line.

Remarks

This is a Level 1 free and open source indicator.

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