An idea i had using the trend indicator Hull Moving Average for bot trading. I am using a lot of EMA Spread indicators lately and i just wanted to make a Hull like Spread for comparision.
In General if combined with CandleStick Patterns / Momentum like StochRSI etc. You will receive pretty decent signals for Panic DIPS that have a high change of rebound.
ToDo ... Enhance the Script with Offset so that it reacts to market moves.