This indicator will help you get in at a pullback in a trending market.
RED background tells you the trend is down. A possible entry happens when you get a sell signal from the oscillator above the 0 line.
GREEN background tells you the trend is up. A possible entry happens when you get a buy signal from the oscillator below the 0 line.
a couple of examples:
Leave your feedback in the comments. Enjoy:)
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.