This specific version add 2 triggers to give trading signals according to the slope:
- Above superior trigger, the trend is , so trading is “Buy”
- Below inferior trigger, the trend is , trading is “Sell”
- If the slope is included between these 2 levels, the market is probably ranging and no new orders should be initiated
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.