hlma_v2.0

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trend indicator, based on new high's and low's mixed with sma high's and low's.
green area is strong bullish trend , red area is strong bearish trend , middle area is range of uncertainty/ accumulation/distribution .

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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.

Want to use this script on a chart?

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