It's a stochastic based indicator complemented by CCI. It tells direction of the next candle, mostly accurate to 1 to 2 candles. If green arrow fires then the next candle would be probably green and if red arrow fires htne the next candle would be probably red. It is important that the candle is bearing the signal as it closes.
Release Notes
Added a new set of indicator in this one. Reload them in your charts.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.