Its made of multiples : very fast, fast, normal, slow, very slow
The logic behind its simple :
For long : we check that the are in ascending order like 5 > 10 > 20 .... and at the same time that last close of candle is above all of them.
For short : we check that the are in descending order like 5 < 10 < 20 .... and at the same time last close of candle is below all of them.
It can be used with all time frames.
Enjoy it !
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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