This is the hedge strategy used by trader Puru Saxena. It shows a "red flag" above the candles when the 40ema is below the 120 ema and the 5 ema is below the 20ema on the daily chart. The red flag indicates its time to hedge.
Original thread: twitter.com/saxena_p.../1132423037213536256
Original thread: twitter.com/saxena_p.../1132423037213536256