Simple indicator that color the candlesticks according to:
- the trend direction, based on 2 moving averages (period and type can be modified)
- the slope of the faster moving average, if it declines in a bullish trend or ascend in a bearish trend
Coded because of a request in the ProBuilder forum.
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//PRC_TrendColored | indicator //21.11.2018 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge // --- settings period1 = 10 MA1type = 2 period2 = 50 MA2type= 2 // --- end of settings avg1 = average[period1,MA1type] avg2 = average[period2,MA2type] if avg1>avg2 then r=0 g=255 b=0 if avg1<avg1[1] then r=0 g=128 b=0 endif elsif avg1<avg2 then r=255 g=0 b=0 if avg1>avg1[1] then r=255 g=99 b=71 endif endif drawcandle(open,high,low,close) coloured(r,g,b) return |
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Buenisimo Sr Nicolas, seria posible que sólo marcara por encima o por debajo de una media movil ponderada y que marcara color verde por encima y color rojo por abajo..tremendamente agradecido estaria..Gracias por su aporte
https://www.screencast.com/t/1FD7s0YdZ……DE NUEVO MIL GRACIAS
Bonjour @Nicolas,
Thanks a lot for this tool, it is very useful for me. I would like to suggest you an upgrade if it is possible…
When this indicator is on, candles get painted OVER the MA´s in the chart, instead of behind the MA´s in the chart as usual, could you add a piece of code for the candles to appear behind the MA´s as they use to do?
Thank you very much in advance!
Pablo
Would you add the possibility to color also the Heikin Ashi and bar chart?
That’s possible, please open a new topic in the indicator forum explaining what you need exactly and i’ll help you there.