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OPEN-SOURCE SCRIPT

MrBB:BullBear Support Band

By MrBetonBlocks
Very simple and effective S/R band. Created bycombining the weekly 21EMA and weekly 20SMA, it provides strong support/resistance depending on market direction, and works as a basing area for retraces during parabolic (and normal) bull markets.
bandBearish PatternsBullish PatternsExponential Moving Average (EMA)Moving AveragesSimple Moving Average (SMA)supportsupportbandWeekly Charts

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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