OPEN-SOURCE SCRIPT
Updated Moving Average Colored EMA/3 SMA
1. Updated this available script to have 2 SMA's and 2 EMA's.
2. Revised so that plot turns white when flat.
3. Added Trend Gain to control what slope "flat" has for different TF's.
2. Revised so that plot turns white when flat.
3. Added Trend Gain to control what slope "flat" has for different TF's.
Release Notes
1. Updated this available script to have 2 SMA's and 2 EMA's.2. Revised so that plot turns white when flat.
3. Added Trend Gain to control what slope "flat" has for different TF's.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.