@Pensar Thank you so much for taking the time to tweak the code for what I am trying to achieve. It is so much appreciated. The most recent code is SO CLOSE to doing what I was hoping for. The only remaining issue is that there are still instances when I will get consecutive long entry or short entry bubbles. I think the fix for this is what I have bolded:
No other Short Entry bubbles can appear until after price has a close above the upper red line (most recent high).
No other Long Entry bubbles can appear until after price has a close below the lower green line (most recent low).
This would indicate I was stopped out and would have to wait for a new entry signal. (This should also significantly reduce the amount of bubbles and false signals).
So after a long entry or short entry bubble appears, the code would not allow another long entry or short entry bubble to appear in the same direction until after I was stopped out. I would only be acting upon the first bubble that appears and remain in the trade unless I was stopped out or the opposite direction bubble appears.
Note to admin: Please do not delete this post. It is not the same as the previous post and contains additional clarification.