It represent the state of different indicators at the moment. If you see a small green column, that means that only one or few indicators are getting into the positiv area, wait for higher bars to get into a trade. Same thing on the red bars side.
Calculation is based on few indicators like RSI , MACD , EMA , SMA and some more.
Happy trading
+++ use this tool on your own risk. i'm not responsible for your loses +++ Show some ❤
This script is published closed-source and you may privately use it freely.
Want to use this script on a chart?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.