The indicator is usually only and a signal line. This indicator has 5 signal lines. The line has the color blue. The first has the color aqua and then lime, orange, red and the last is the maroon line. The first signal line is an of the line, the second signal line a double smoothed of the line and the third is triple smoothed line and so on.
is similar to . As both is a momentum indicators that fluctuate above and below the zero line. Both have signal lines based on some sort of moving average (usually ). In this indicator the trader can set what moving average the trader prefer. The biggest difference between and is that is the smoother of the two and are less jagged and tend to turn a bit later.
The most common signal is signal line crossover in the same manner as the and its signal line. But this indicator has 5 signal lines. If this was a typical indicator it should only has the blue and aqua line (the line closest to the blue line). How you trade it is up to you. But for example you go long when the blue line crosses the aqua line. And because the all the is based on the line you can use the other crossovers as an confirmation signal.