When you said base 1, that should be the fast MA. What about the slow MA?

@Blaiserboy:
Not quite, the indicator would give a Buy signal when the previous bar's closing is higher then its opening, and a sell signal when the previous bar's closing is lower then its opening.

When you say the bar is 'long', I am thinking you mean higher high and higher low..... is that correct.....?

I am asking for a precise definition as to what you mean for long and short....

I can see that you would not be able to use a moving average if you are changing from long to short within one or two bars, you may be looking for a price action bar pattern...

It should be easy enough to code the price bar pattern that you are looking for.

The crossover indicator you provided would simply ignore all that and keep the position until some other exit criteria is met.

Really?

Let's say that the overall trend is up, but there are one or two bars in the middle which are short bars. By my strategy, i would be closing my long position and opening a short position, then closing it and opening a long position when the next bar is long.

In short i'm assuming that (most of the time) when a bar closes as a long, the next bar will be a long too. 

The crossover indicator you provided would simply ignore all that and keep the position until some other exit criteria is met.

Sorry but this isn't what i was looking for.

How come?

It does some great things..!!

Thanks...

Setup - period 1, base prices open and close, logic is higher/lower.

Strategy:

Open Long:
Previous bar is upwards

Exit:
At the first bar which closes with a short. And then immediately take a short position from there.