The indicator itself looks at different Exchanges and compares the change in price of them. If one spikes up, we go long with it as we assume our Exchange will follow. Vice versa for short.
Open-source script
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.
Disclaimer
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