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Magic Band MA20 High Low

MA 20 period Magic Band - based on Highs and Lows (as opposed to Close), can be used on any time frame for a better grip on price action.
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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Comments

seems interesting.. a new way to look at 20MA boundaries!
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Provides for a cushion around your 20MA based entry exits and opportunities to locate and ride the trend better. SLs can be placed on other sides of the band/ with reference candle prior to entry.
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