I'm not the author of this indicator or the concept behind it
i found this code - written for another platform - while researching "Larry William's Trend" - while i also couldn't find that specific keyword in the TV public library. So thought to bring this in.
Also unfortunately there was no coder details to give credit to with the code i found. it seems this may somehow be related to the famous SuperTrend - but i have no idea how they are connected. i simply ported this to Pine in my own way.
will be happy if this is useful to some traders who use these types of trend indicators. if you do find it useful, pls leave a comment here - or feel free to take this code and modify it in any further way for your specific need.
we continue to learn and explore new tools everyday. good luck!
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 publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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