The script intends to eliminate noise from the chart. It uses a combination of multiple indicators into 1.
For long bias:
Close is greater than the ADX
15 Period EMA on close is greater than SMA on high
13 period RSI is greater than 25 periods RSI
MACD is greater than 0
For short bias:
Close is lower than the ADX
15 Period EMA on close is lower...
Very simple indicator script to display multiple simple moving averages. I know others have made this but they often are too feature-rich and can get cluttered.
Can optionally show a cross when MA 1 crosses MA 3. These are colors such that when MA 1 crosses BELOW MA 3 a red cross is shown, and green when crossing above.