OPEN-SOURCE SCRIPT
SMA trend
It's simply an SMA (Simple moving average). Set at 8 and when it changes direction it changes color. This will determine what's the trend direction.
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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