OPEN-SOURCE SCRIPT
(IK) Color Coded MA
Just a simple Moving Average indicator. Choose between SMA, EMA, and WMA, set the length and the source. There are 3 color indicators that represent whether price is above or below the moving average:
- the moving average line itself
- the background of the chart (optional)
- the 'underglow' of price action (optional - set 'underglow strength' to 0 to turn off)
You can customize the colors
I wasn't planning on publishing this, because, again, it doesn't really do anything special, but I've been using it for a little bit now in place of regular MAs, and I really dig the visual effect of the underglow, so I thought I'd share.
Feel free to steal/modify this.
- the moving average line itself
- the background of the chart (optional)
- the 'underglow' of price action (optional - set 'underglow strength' to 0 to turn off)
You can customize the colors
I wasn't planning on publishing this, because, again, it doesn't really do anything special, but I've been using it for a little bit now in place of regular MAs, and I really dig the visual effect of the underglow, so I thought I'd share.
Feel free to steal/modify this.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.