What is this indicator?
By combining three different time periods, it tries to reduce the false signals of single-period oscillators. Its divergence with price is considered a particularly reliable signal among traders.
How to read the chart
The indicator moving toward the ends of its range usually signals overbought or oversold conditions; a divergence between price and the indicator is also considered an important signal.
Practical tip
Instead of trading purely off reaching an overbought or oversold zone, first check the overall trend on a higher timeframe and only take signals that align with it.