For example BTC 4h is a good asset to use it.
The main components are:
1. rating made of 10/ EMA20/ EMA30 /EMA50/ EMA100 /EMA200 , but we use it in reverse. so if the trending is telling us to go short, we actually go long and viceversa.
2. with an applied to check uptrend and downtrends
3. histogram for positive and negative values
4. Price action
If you have any questions, let me know in private !
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.
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