Bahia Scripts — Indicator by telribeiro

study(title="Indicador Tendencia EMA72 - MrBob", shorttitle="EMA72 Color", overlay=true)

//emaplot = input (true, title="Mostrar EMA no Chart")
len72 = input(72, minval=1, title="Você EMA")
len17 = input(17, minval=1, title="Irmão Menor EMA")
len305 = input(305, minval=1, title="Irmã Maior EMA")
src = close
out72 = ema(src, len72)
out17 = ema(src, len17)
out305 = ema(src, len305)
up = out72 > out72
down = out72 < out72
mycolor = up ? green : down ? red : blue
plot(out72 ? out72 :na , title="EMA 72", color=mycolor, linewidth=5)
plot(out17 ? out17 :na , title="EMA 17", color=fuchsia, linewidth=5)
plot(out305 ? out305 :na , title="EMA 305", color=blue, linewidth=5)
//plot(out72 and emaplot ? out72 :na , title="EMA", color=mycolor, linewidth=5)
barcolor(close > ema(close, len72) ? green : red)
//bgcolor(close > ema(close, len72) ? green : red)

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.

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