This indicator is mostly the same as other RSI+EMA indicators, the relevant difference is that it uses three EMAs instead of one. The additional two EMAs can act as support/resistance and tell how strong a move is (eg. 'Williams Alligator'). It provides the same utility any MA does.
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 publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
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