Trend (1W): A slower period is also plotted.
When Trend is rising, dips in the Trigger are buying opportunities
When Trend is descending, peaks in the Trigger are selling opportunities
The color shade changes according to the slope angle of the oscillator.
When the prices are rising and a bar is smaller than the previous one, the slope angle is smaller, it shades lighter.
When the prices are decreasing and a bar is smaller than the previous one, the slope angle is smaller, it shades lighter.
This might hint at an upcoming trend change.
The old color scheme is available in the indicator configuration.
The whole purpose of this indicator is that you don't want to use Heikin-Ashi candles but nevertheless you want to access that information also. You can enjoy the Heikin-Ashi trend changes while using normal candles
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.
I think what you want is coloring based on the slope