It’s pretty simple: 1 = buy, -1 = sell, 0 = neutral. You can experiment with the filter percentage and period to suit your taste. IMO, this is a good confirmation indicator.
I have also added an option to highlight the potential buy/sell areas.
Updated script to work around the recent TV engine changes: pastebin.com/aUkLWDaw
I have also added an option to highlight the potential buy/sell areas.
Updated script to work around the recent TV engine changes: pastebin.com/aUkLWDaw
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970