This is a modified version of the exponential moving average indicator to change color based on trend (red/ bearish if price has closed below EMA , green/ bullish if price has closed above EMA ).
Release Notes: Made color change only after previous candle closed above/below EMA instead of current candle (looks better).
Release Notes: Minor improvements :)
Release Notes: Minor improvements
Release Notes: Updated to Pine Script version 4
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.

Want to use this script on a chart?
If you want to master Pine Script coding, watch my free YouTube lessons or get the source code to my scripts then check out my Pine Script Mastery Course website: https://www.pinescriptmastery.com

Comments

Hello sir how can I add multiple ema in 1 script because I kept getting error
+1 Reply
Thank you!
+1 Reply