RicardoSantos

[RS]Multiple Moving Average Candle System V0

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373
double ma system built into candle sticks,
wick, above body shows true high, under true low.
the body symbolizes the double ma's, colors for expansion/contraction of the ma's.
optional: can hide true close point(black dots)

good usage with rsi candles:
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study("[RS]Multiple Moving Average Candle System V0", overlay=true)
src = input(title='Source', type=source, defval=hl2)
MA1_length = input(title='MA1 Length', type=integer, defval=4)
MA2_length = input(title='MA2 Length', type=integer, defval=8)

SHOW_CLOSE = input(title='Show Close Price Point?', type=bool, defval=true)

MA1 = sma(src, MA1_length)
MA2 = sma(src, MA2_length)

c_high = high
c_low = low
c_open = MA2
c_close = MA1

isExpanding = rising(abs(c_close - c_open), 1)

c_palete = c_close > c_open and isExpanding? lime : c_close > c_open ? olive :
        c_close < c_open and isExpanding ? red : c_close < c_open ? orange : gray
plotcandle(c_open, c_high, c_low, c_close, title='MA Candles', color=c_palete)
plot(title='Close', series=not SHOW_CLOSE ? na : close, style=circles, color=black, linewidth=2)

Comments

I have a question, how did you replace the original bars with this? when i add it, it draws on top of the chart's candles
Reply
@CAB_Member,
optionally:
go to options >> scales : untick "scale price chart only"

then:
right click the ticker name on top and "hide"
+1 Reply
CAB_Member RicardoSantos
@RicardoSantos, nice, thanks a lot
Reply
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