This simple indicator is plot , in indicator.
is calculated based on the calculated value
Example of way of thinking :
1 break out
2 break out and over 60
1 break down
2 break down and under 40
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.