HMA + HMA + Dispersion background fill (ver 2.0)

fast HMA • slow HMA • Dispersion Zone| background color's


Background colors: Red, Green and Yellow. Default transperent = 5%

Green background: fast HMA above the dispersion zone
Red background: fast HMA below the dispersion zone
Yellow background: fast HMA inside the Dispersion Zone


# Alerts only for cross Yellow to Green and Yellow to Red zones.


• The dispersion zone is calculated relative to the slow HMA.
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.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?