What is this indicator?
Two groups of short-term and long-term moving averages whose spacing and convergence show the trend's strength and health. The two groups spreading apart usually signals a strong trend, and them converging signals trend weakness.
How to read the chart
When the indicator's main line takes on a clear direction, it usually confirms the market's dominant trend in that same direction; crossovers and changes in slope are the main points of focus.
Practical tip
It's best to use this indicator alongside a momentum indicator so that both trend direction and trend strength can be measured.