The logic behind the indicator is:
- If the Positive ( ) is greater than the Negative ( ) then the Average Index ( ) will be green with an opaque white background.
- If the Positive ( ) is less than the Negative ( ) then the Average Index ( ) will be red.
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.