This indicator is a combination of 3 public indicators being: * a standard Simple Moving Average with the source as the candle low & length of 2 * a standard Simple Moving Average with the source as the candle high & length of 2 * the Least Square Mean with a source of high + low /2 and length of 9
This combo was inspired by Tyler Coates who crafted EMASAR. He regularly uses the a SMA with source of Low / High and length of 2 for defining trading daily ranges as well as the Least Square Mean for calculations in the his trading which he teaches via youtube.
I hope this indicator will reduce time spent on setting up charts.