OPEN-SOURCE SCRIPT
Color EMA (Green Above, Red Below)
olor EMA (Green Above, Red Below) is a simple yet effective trend-visualization tool that colors the Exponential Moving Average (EMA) based on price position.
When the close is above the EMA, the line turns green, indicating bullish strength.
When the close is below the EMA, the line turns red, indicating bearish pressure.
When the close is above the EMA, the line turns green, indicating bullish strength.
When the close is below the EMA, the line turns red, indicating bearish pressure.
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.