An exit indicator for , good for triggering order exit via .
It works by considering <current hist> and the <max hist after last flip>.
Then, it just exits when the % change in these values surpasses a threshold.
blue line -
orange line - Signal
green/red columns - Histogram
aqua background - Last Histogram Flip
fuchsia background - Max abs(Histogram) value after last flip
orange Background - Exit region
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.