Its a pretty old script and i have absolutely no idea how i did it, the code kinda look like the phase wrapping/unwrapping formula. This indicator is an oscillator, sometimes its reactivity is impressive so i think its a good idea to post it, feel free to experiment with it.
Sharing to learn and to help others.
Any feedback on layout/structure/shortcuts will always be appreciated.
Simple indicator for close of candle above or below EMA with ROC and CO acting as a filter.
