OPEN-SOURCE SCRIPT
Updated REDLIGHT GREENLIGHT
Based on the Stochastic Momentum Index and L2 Ehlers Loops by blackcat1402. Added red and green background (reflects when the yellow histogram is above or below zero).
Release Notes
Based on the Stochastic Momentum Index and L2 Ehlers Loops by blackcat1402. Added red and green background (reflects when the yellow histogram is above or below zero OR yellow histogram is heading "up" or "down". Choose above or below zero for trends and heading up or down for trading ranges).Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.