OPEN-SOURCE SCRIPT
Color Bars (SMA = HILO)
A simple bar color indicator (red green, you can change), which shows when a candle is above or bellow an sma envelop of highs and lows (4, 8 etc, you can set the periods). It is meant to be a sort of "visual alarm" that can be used together with HILO Activator, to trigger trades or to see trends.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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