Default settings were tuned for xbtusd 1hr; works well if after a signal you wait for a indicator to stop being oversold or overbought, so if eg. you see a cluster of sell signals at a top, wait for the to cross below 80 before entry. Please backtest before trading with this, DYOR NFA GLHF!
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.