Idea of this script is to ride on the trend. Multiple dynamic are identified and those levels are used
There are 3 different periods by default are used to define 3 different step lines. On any trend, either of these 3 steps shall play major role
Change in Red & Green color and its thickness changed based on how strong the up or down trend is.
//Disclaimer: Idea of publishing this script is to identify the strength of the instrument using multiple confirmation.
//Disclaimer: Using this indicator, changing inputs, and trading decisions are up to the users/traders.
//Courtesy: Thanks to Richard , Alan Hull as this indicator/script inspired by ,
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.