Works on the principle of getting out of the pit. The pit is determined thanks to the on the 15-minute time frame, the exit is determined by the on the 1-minute timeframe. You can play with the rci values in the settings
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 a publication is governed by House Rules. You can favorite it to use it on a chart.