( ( ADMF ), ASI and ADMF , Absolute Strength Index (ASI)). Blue ( ) and Red ( ) bar are the strength of the ob/os.Gray can announce a turnaround.
Also there is a MTF based on time (1 week by default) at the bottom of the oscillator that can will help you to find historical trend too.
(line changing from blue for and to red for ).
"Buy and Sell" alert for available.
-Below silver bar = Overbought
-Under silver bar = Oversold
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.