This is a moving average of the Daily LOW Price over a short period of time (i.e. 3 day low moving average, etc...) Great for tracking trailing stops for a stock on an up swing.
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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