1D Low/High MA + Least Square Mean (3 indicators in 1)
This indicator is a combination of 3 public indicators being: * a standard Simple Moving Average with the source as the candle low & length of 2 * a standard Simple Moving Average with the source as the candle high & length of 2 * the Least Square Mean with a source of high + low /2 and length of 9
This combo was inspired by Tyler Coates who crafted EMASAR. He regularly uses the a SMA with source of Low / High and length of 2 for defining trading daily ranges as well as the Least Square Mean for calculations in the his trading which he teaches via youtube.
I hope this indicator will reduce time spent on setting up charts.
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 publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
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