MohitMarwaha

Trend Filter

The indicator colours the candles either Green or Red depending on the following conditions:-
If the N Bar Average Close > N Bar Average Open, the Bars are coloured Green.
If the N Bar Average Close < N Bar Average Open, the Bars are coloured Red.
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//@version=2
study(title="Trend Filter", overlay = true)
maPeriod = input(title="MA Period", type=integer, defval=20, minval=1)
OpenMa = sma(open,maPeriod)
CloseMa = sma(close,maPeriod)
isBullish() => OpenMa < CloseMa
isBearish() => OpenMa > CloseMa
barcolor(isBullish() ? green : isBearish() ? red : na)
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