In Layman terms:
The script places an order when the oscillator crosses the zero mark in the oscillator.
If the previous high is greater than the absolute value of previous low then a long order is placed
And if the absolute previous low is greater than the previous high then a shrt order is placed.
Last script (bandwidth focus on other monetary works. If you have any opportunities ping me)
Message if you think of any modifications/ enhancements/ any opportunities. :)
Donations/Tips... :) -
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.