This indicator plots the oscillator at the bottom of the chart and colors the candles according to trend strength.
The oscillator can be used to identify divergence in several ways
If price is moving one way and the oscillator another, it can mean that the trend is gearing up to change. Example: above, in Bancor (BNTBTC)
If price is making higher highs/lower lows and the oscillator is not, it can signal that the current trend is weakening. Example: see vertical lines
Legend of candle colors
strong uptrend - green
weakening uptrend - olive
weakening downtrend - maroon
strong downtrend - red
Note that the healthiest uptrends will show an oscillator value greater than zero (vice versa for downtrends). Using deflections of the zero-line can help filter our false trend changes.
This Suite of indicators is actively being developed and researched. Please contact me directly for more information.