This is a based indicator so when this indicator goes up, sell in the direction of how that stock is going. In other words go short when it is rising and the stock price is below the or go long when it is rising and the stock price is above the . Lower means it is trading sideways or the current price action is about to reverse.
Send me a message and let me know what other indicators you would like to see!
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.