MA trend colored

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.

//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

//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

drawcandle(open,high,low,close) coloured(r,g,b)

return

candlestick moving average trend

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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Filename : download the ITF files

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osupero • 11/21/2018 #
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

osupero • 11/21/2018 #
https://www.screencast.com/t/1FD7s0YdZ……DE NUEVO MIL GRACIAS

capgros • 11/21/2018 #
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

Hans63 • 11/21/2018 #
Would you add the possibility to color also the Heikin Ashi and bar chart?
- Nicolas • 11/21/2018 #
  That’s possible, please open a new topic in the indicator forum explaining what you need exactly and i’ll help you there.

Iván Change line 23 for this IF BarIndex <= 2 THEN

roccafragius Thank you so much!!!!!! :):)

roccafragius Hi Ivan, unfortunatelly I still hace some problem using timeframe 3 minutes in 1 minutes, th...

Iván Hi! just change line13 for this: showsignals=1

Quino Hi Excellent indicator as usual. Just 2 questions: Why LenH and LenL = 15 as Len could be...

Iván Hi! good question. This is a code request traslation from other platform. I took same inputs...

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