repo32

Moving Average Colored EMA/SMA

This script will give you the ability to put an EMA and/or SMA on the chart that changes color based upon the direction. Default at startup is EMA visible and SMA hidden. When the MA is moving up, it is green. When the MA is moving down, it is red. You can change the color to whatever you like.
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//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[1]
down = out < out[1]
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[1]
down2 = out2 < out2[1]
mycolor2 = up2 ? green : down2 ? red : blue
plot(out2 and smaplot ? out2 :na , title="SMA", color=mycolor2, linewidth=1)
duke-jr PRO
2 years ago
this is exactly what I was looking for. Thanks so much for taking the time and posting !!
Reply
repo32 PRO duke-jr
2 years ago
No problem. Enjoy.
Reply
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