jordanfray

Moving Average Macro Trend Filter

jordanfray Updated   
A simple indicator that adds a background fill to your chart based on a fast and slow moving average.
When the fast moving average is above the slow moving average, the background is green.
When the slow moving average is above the fast moving average, the background is red.
If the fast and slow moving average don't agree on direction, the background is yellow.

  • Pick between EMA, SMA, RMA, WMA
  • Select different timeframes for chart, slow MA, and fast MA
Release Notes:
Updated default values for slow/fast EMA
Release Notes:
Fixed timeframe defaults.

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.

Disclaimer

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