Moving averages are used to determine trend. These moving averages are designed to determine trend with reactive coloring and utilizes a unique version of the Hull moving average . This is one of many iterations of fishnet MAs I have made in the past.
I first found fishnet MAs, which is a lot of moving averages of increasing length, from @TusenPix
YMMV on actionable information :p
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Added original version 3 as comment at the end of the script.
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@MasBart, Sort of. It only has color when momentum is trending up. There is no distinction between lack of trend nor downtrend. It was an experiment on getting accurate and quick trend following, I don't think the color reactivity is tuned well for use in its current state.