Indicator Has 3 Separate Filters that Create Green( ) or Red( ) BackGround Highlights
If Price is Above or Below a certain LookBack Period - Tim Defaults to 63 on to Quickly View if Price is Above or Below it’s Price 1 Quarter Ago.
A Filter - Tim Defaults to 50 and 200 also known as the “Golden Cross”.
A Filter - For Those Who Want To View Shorter Term Market Swings. Defaults to 50 and 100 used By Chuck Hughes, 7 Time World Trading Champion. Chuck Claims the 50/100 EMA's Show the Earliest Change in Market Direction the Equal - Sustainable Moves
Inputs Tab has Checkboxes to Turn On/Off any of the 3 Filters Above.
Reference Chart Post https://www.tradingview.com/v/UmsFo3hv/#tc108729
//Created by ChrisMoody for TimWest on 10/17/2014 study(title="TimWest_Long Short Filters", shorttitle="TimWest_Long-Short-Filters", overlay=true) source = close def = input(false, title="------Make Sure ONLY 1 Checkbox Below is checked!!! Or You WILL Get False Results!!!------") def2 = input(false, title="You Can Check More Than 1 Box To Create Multiple True/False Condition BUT The Background Colors Will Change!!!") def3 = input(false, title="------If You Select More Than ONE CheckBox Below - Test By Plotting Indicators On Chart To Understand BackGround Colors!!!") def4 = input(false, title="------ACTIVE CheckBoxes Start BELOW This Line!!!---") sp = input(true, title="Show BackGround Highlight based on Lookback Period of Price?") len = input(63, title="Lookback Period to Compare Current Price To. Tim's Default is 63-Approx. 1 Quarter") ssma = input(false, title="Show BackGround Highlight based on Cross of Short/Long SMA?") smas = input(50, title="Short SMA. Tim's Default is 50 SMA and 200 SMA - Golden Cross - Major Market Trend") smal = input(200, title="Long SMA. Tim's Default is 50 SMA and 200 SMA - Golden Cross - Major Market Trend") sema = input(false, title="Show BackGround Highlight based on Cross of Short/Long EMA?") emas = input(50, title="Short EMA. Used for Evaluating Shorter Term Moves -Chuck Hughes 7 Time WorldTradingChampion uses 50-100EMA") emal = input(100, title="Long EMA. Used for Evaluating Shorter Term Moves-Chuck Hughes 7 Time WorldTradingChampion uses 50-100EMA") //Criteria for LookBack of Current Price Vs. Price X bars ago condpru = close > close[len] ? 1 : 0 condprd = close < close[len] ? 1 : 0 condPrice = sp and condpru ? green : sp and condprd ? red : na //SMA Criteria condsmaU = sma(close, smas) > sma(close, smal) ? 1 : 0 condsmaD = sma(close, smas) < sma(close, smal) ? 1 : 0 condSMA = ssma and condsmaU ? green : ssma and condsmaD ? red : na //EMA Criteria condemaU = ema(close, emas) > ema(close, emal) ? 1 : 0 condemaD = ema(close, emas) < ema(close, emal) ? 1 : 0 condEMA = sema and condemaU ? green : sema and condemaD ? red : na //BackGround Hilight Plots bgcolor(condPrice, transp=70) bgcolor(condSMA, transp=70) bgcolor(condEMA, transp=70)
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