Gives overall picture of in all timeframes.
We can compare with value of one stock to another ( like comparing its index performance vs stock performance in terms of ).
Note: This is designed to work with 5 min timeframe. When switching to higher timeframes then lower timeframe values would be incorrect. Kindly use it for 5 min timeframe or lower.
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.