This is essentially his version of a momentum indicator and the basics of it are to buy when momentum is increasing and sell when it is decreasing. I have included strong buy and sell signals in addition to normal ones and darker colors are for strong signals and lighter colors are for normal signals. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
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Tips are appreciated:
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.