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.
//Created by Robert Nance on 072315 study(title="Moving Average Colored EMA/SMA", shorttitle="Colored EMA /SMA", overlay=true) emaplot = input (true, title="Show EMA on chart") len = input(8, minval=1, title="ema Length") src = close out = ema(src, len) up = out > out down = out < out mycolor = up ? green : down ? red : blue plot(out and emaplot ? out :na, title="EMA", color=mycolor, linewidth=3) smaplot = input (false, title="Show SMA on chart") len2 = input(8, minval=1, title="sma Length") src2 = close out2 = sma(src2, len2) up2 = out2 > out2 down2 = out2 < out2 mycolor2 = up2 ? green : down2 ? red : blue plot(out2 and smaplot ? out2 :na , title="SMA", color=mycolor2, linewidth=1)
I'm trying to apply the idea to this HPotter's ADV Line indicator, but can't figure it out. Any chance you could help?
This is the code:
study(title="Advance/Decline Volume Line", shorttitle="ADV Line", overlay = false)
AdvSymbolVolume = input(title="Advancing Volume Symbol", type=symbol, defval="USI:UVOL")
DecSymbolVolume = input(title="Declining Volume Symbol", type=symbol, defval="USI:DVOL")
Resolutin = input(title="Resolution", type=resolution, defval="D")
xASVValue = security(AdvSymbolVolume, Resolutin, close)
xDSVValue = security(DecSymbolVolume, Resolutin, close)
NetADV = xASVValue - xDSVValue
nRes = nz(nRes, 0) + NetADV
plot(nRes, color=green, title="ADV Line", style=line)
Many thanks in advance.
I'm not familiar enough with pine to understand what you're saying there about the self referencing value, unfortunately, but would love to try to understand if you have the time to explain. This is @HPotter 's script.
I would be happy to pay for the script above with code that changes color based upon the direction added in.
Thanks in advance.