A very simple visual indicator to be used in conjunction with entry and ext indicators for confirmation confluence. Adjustable thresholds with candle colour change to suggest long or short bias.
Trade safe...
mnovo
Open-source script
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.
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