The rules are:
1. (10) is rising.
2. (30) is falling.
3. (14) < 50
When all the rules are triggered this is indicated with a blue circle below the candle.
Note that this doesn't give you a Buy signal; you also have to get a confirmation from
the price graph, e.g by crossing a .
This has become a favourite indicator of mine.
I think it gives a very strong indication that a shift is in the making.
I like to use it together with the Pocket indicator.
Idea curtesy: Tobbe Rosèn.
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.