OPEN-SOURCE SCRIPT
Updated 200 MA with color
This 200MA is color coded to turn green when the condition of, 50MA above 100MA above 200MA is met, signaling strong uptrend. Likewise for a downtrend, the 200MA will turn red when the condition, 50MA below 100MA below 200MA is met. The MA will be blue if neither of those two conditions are present. GM.
Release Notes
A 200 Custom Moving Average that Changes color. blue by default.Becomes green when the 50 MA and the 100 MA are above the 200 MA.
Becomes red when the 50 MA and the 100 MA are below the 200 MA.
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.