Simple triple average with visual color

Hi all.

Simple trend indicator based on moving average, define your moving average parameter and watch the result. You can apply in on the price chart or below it to get the trend direction or pullback infos quickly.

green = fast moving average> normal and normal> slow.

red = fast moving average <normal and normal <slow.

yellow = green or red is not correct.

// Author: Tom's - Leofi
// Name: Terminus indicator
// Description: Trend average indicator

// Var indicator
emaSlow = Average[slow, type](close)
emaNormal = Average[normal, type](close)
emaFast = Average[fast, type](close)

// Logic
if (emaFast > emaNormal and emaNormal > emaSlow) then
 backgroundcolor(0,250,0)
elsif (emaFast < emaNormal and emaNormal < emaSlow) then
 backgroundcolor(250,0,0)
else
 backgroundcolor(250,165,0)
endif

// Boolean draw indicator
if (drawIndicator) then
 indicatorAlpha = 250
else
 indicatorAlpha = 0
endif

return emaFast coloured(200, 200, 200, indicatorAlpha) STYLE(line, 2) as "Fast Average 0", emaNormal coloured(80, 80, 80, indicatorAlpha) STYLE(line, 2) as "Normal Average 1", emaSlow coloured(0, 0, 0, indicatorAlpha) STYLE(line, 2) as "Slow Average 2"

// Author: Tom's - Leofi

// Name: Terminus indicator

// Description: Trend average indicator

// Var indicator

emaSlow = Average[slow, type](close)

emaNormal = Average[normal, type](close)

emaFast = Average[fast, type](close)

// Logic

if (emaFast > emaNormal and emaNormal > emaSlow) then

backgroundcolor(0,250,0)

elsif (emaFast < emaNormal and emaNormal < emaSlow) then

backgroundcolor(250,0,0)

else

backgroundcolor(250,165,0)

endif

// Boolean draw indicator

if (drawIndicator) then

indicatorAlpha = 250

else

indicatorAlpha = 0

endif

return emaFast coloured(200, 200, 200, indicatorAlpha) STYLE(line, 2) as "Fast Average 0", emaNormal coloured(80, 80, 80, indicatorAlpha) STYLE(line, 2) as "Normal Average 1", emaSlow coloured(0, 0, 0, indicatorAlpha) STYLE(line, 2) as "Slow Average 2"

Average pullback 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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leofi • 02/20/2020 #
https://gitlab.com/scs.torleon/indicators/-/blob/54547b13dd93fffef7db9feaac75642d6d4105dc/Indicators/ProBuilder/terminus-indicator.itf

skrochey • 02/20/2020 #
Is there some way whereby this indicator can be simplified by just having two imputs.? Imput 1: Fast MA. Imput 2: Slow MA. The background of the chart appears in light pastel GREEN when the Fast MA is above the Slow MA indicating a positive trend. When the Fast MA is below the Slow MA, the Background of the Chart turns LIGHT PINK indicating negative. The settings of the MA can be adjusted to the Period as well as the type of MA.
- leofi • 02/20/2020 #
  Go visit http://www.prorealcode.com/topic/simple-average-with-visual-color/ and watch 2em post

leofi • 02/20/2020 #
https://www.prorealcode.com/topic/simple-average-with-visual-color/

Dritan • 02/20/2020 #
Hi,I am new on Prorealtime and coding.I downloaded the indi but I have it on a separate window.How can I plot it on the chart?Thanks in advance for the answer

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