Chilllax Moving Averages with Qullamaggie colors — Indicator by chilllaxtrader

// Display 2 Moving Averages. Default is 10d sma and 20d sma. You can choose any length. Choose sma, or ema. Choose ma of Open, High, Low, or Close

// Color code is based on Qullamaggie's idea:

// Dark green = 10d ma > 20d ma, and both trending up
// Light green = 10d ma > 20d ma, but only 10d ma trending up
// Yellow = 10d ma > 20d ma, but neither trending up

// You can change the color

// You can hide the colors, then it will simply show 2 moving averages of your choice

// Trend is comparing the ma from X trendlen days ago. Default to 5 days ago. So, if today's ma is > 5 days ago, it is trending up

Release Notes:

Tidying some comments and variable names

Release Notes:

Update the description chart

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.

Disclaimer

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