The idea behind the indicator is pretty straightforward: During up trends, green candles tend to be bigger and during down trends, red candles tend to be bigger. So, this indicator tries to measure green and red candle sizes. So, the blue line shows bullish momentum and red line shows bearish momentum. Signal lines also added.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules.
You can favorite it to use it on a chart.
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