Looks at whether or not is exhausted then if it is it then looks at whether the market is in a uptrend or downtrend to determine the take profit signal color.
Note: In very choppy/crazy market conditions it might gauge trend direction wrong and therefore give a wrong signal
Green: Cover shorts/take profit/close
Red: Cover longs/take profit/close
How I use it: I personally use it in my own trading system both discretionary and systematic. Most of my trading is on low timeframes (1min-15min) so I've no idea how it'd perform on higher timeframes such as the 1 hour etc etc.