This indicator's main component is the signal line which represents a very responsive market strength value calculated from real time data and normalized into a range (0 - 0.5 - 1). Indicator is using Stochastic and RSI functions to get raw value filtered through a linear regression, helping users predict imminent market directions. Lastly, this value oscillation is converted into a range to notice overbought and oversold zones at a quick glance.
It includes
Divergence. Indicator plots R for regular divergence and H for hidden with minimal possible delay which can be used to notice irregularity in the market. Extreme overbought and oversold areas. Colored background extreme areas are showing points where a reversal is approaching.
How to use?
Buy/Long when the indicator line goes out of the blue/oversold area. Sell/Short when the indicator line goes out of the red/overbought area.
extra tip: you can use the zero line and overbought/oversold zones as either a take profit or an entry area.