When the (Thick Yellow) AND the two (Orange and thin Yellow) cross above the MVWAP (Purple) then you will be in a uptrend that could possibly continue upwards. The opposite is true if you are looking a short opportunity, wait for the three other lines to cross under the MVWAP and you should be in a downtrend that could possibly continue downwards
Of course as with all indicators not every signal will be 100% accurate there is no way to predict human emotions when it comes to trading but based on the strategy used in other markets this is the closest I could get.
Note: Don't relay completely on this indicator to think for you. Use other forms of TA to confirm all positions before entering. And if the candles start trending the opposite direction after a lets say a mini pump/dump then the signal was false.
Finally this was made according to the 15 minute chart. I did not plan on remaking it for any other timeframes as I have left the code open for you to tweak and the setting are free to adjust aswell.
Q: Does it repaint?
A: No, this is based on moving averages as far as I know they don't repaint.
Q: How did you come up with this indicator?
A: Went on youtube looking for trading strategies other and the usual crosses and found a & strat. I added the MVWAP and played with the numbers until I found something that I liked.
Q: How long have you been trading/learning pinescript?
A: Been trading less than a two months and pinescript about a month and a half.