This indicator uses a couple of different things including the Hoffman moving averages applied with heiken ashi bar data and some volatility to help determine when the bias of the market has shifted for the timeframe you are looking at.
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.
Disclaimer
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