This indicator is measuring if three different moving average calculations (EMA,WMA,SMA) with the same period length are aligned in an uptrend. If this is the case then the bar is colored in green. If only one or two of the three moving averages signals an uptrend then the bar is colored in blue. This can mean that the trend is changing.
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This is the ChartArt optimized version. Original idea: Steve Primo's Robbery Indicator (PET-D). coded by UCSgears: tradingview.com/script/Q63cAkgW/
Steve Primo Pet D is not EMA(15)