HOW to read the indicator:
- Blue or value 1 = bull trend confirmation
- Red or value -1 = bear trend confirmation
- Gray or value 0 = choppy market
Combine this with another indicator in order to confirm whether a trend is starting.
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.