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 #
edit old link is dead im sorry

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

Leo Hi all, I posted a new version of this indicator ( I just add arrows to spot the local maxi...

Trading_En_El_Ibex35 Muchas Gracias por compartir este interesante indicador. Un saludo

xavieralava hola gracias leo

Nicolas https://www.prorealcode.com/topic/ayuda-screener-indicador-perfect-trend-line/#post-51291

Manu L. Bonjour Nicolas, suite a une de mes precedentes demande dans le forum indicateur, j'ai touv...

AntoGH C'est selon moi le meilleur indicateur, que j'ai vu, si vous trouvez mieux dîtes moi car dif...

bolsatrilera Hi Nicolas, I have this version of the True Balance Power ,created by eykpunter on Tradingvi...

bolsatrilera and the code : REM TRUE BALANCE OF POWER // código original de eykpunter para la plataform...

Steven Bahia Hi Nicolas - great indicator - is there a way to place a alert when the Oscillator crosses ...

Nicolas Alerts can't be programmed, you have to set them yourself with the Alert tool of the platfor...

Steven Bahia just to add to this would there be a way to establish a entry price from the Oscillator

juanj And the point of violation is the close of the candle that violates the line by generating a...

juanj For the latest version of the strategy or to follow updates and developments see the thread ...

phanz i backtested it with 10K units of EURUSD 1 hour i get an equity curve that is going one way ...

Wing Not yet but I plan to.

Leo Have a look in this Forum, I got something interesting for you... https://www.prorealcode.co...

Dávid Gyalus Dear Wing, As I am a daytrader, and one of my best friend is a programmer we think your a...

EchnatonX Hallo Im Demomodus bei IG habe ich das Problem, dass oft keine Orders ausgeführt werden kön...

Jan EchnatonX, nice late answer of me: Make the stop loss a percentage of the close, like 100/...

guleny Hello I made some optimization to make it better. But there are 5 transacttion which incr...

rejo007 hello david, i'll try it could you tell me wich strategy do you use in real? thanks

David Somogyi Hello, I have a couple of DAX strategies of breakout and mean reversion. I'll try to post...

Roberto Blázquez Hi David, I just saw your strategy and it's good!!! I'm going to try it from today in real a...

stratobast Good afternoon everyone. Thanks Doctrading for your work. I have an issue while using this ...

stratobast My bad guys. I understood what was the problem. The indicator uses highs and lows for the Re...

samwarduk Has anyone tried this on Bitcoin GBP1? The results look amazing but every time mine trie...

Doctrading AH ok, I think the ca3 is the same : ca3 = pB[1] < 0.2 and pB < 0.2 Best regards,

chromosome21 Hello everybody, First, thank you so much for all your advices, I'm a begginer in trading a...

bertrandpinoy bonjour j ai un probleme avec ce code modifié, apparement PRT ne veut pas...avez vous une so...

rispardin no entiendo como funciana este indicador, por favor alguien podria explicar como utilizarlo???

AVT No se trata de un solo indicador, pero cada linea muestra otra información, de abajo hacia ...

IV Mcm Your indicator is interesting, I evaluated its relevance with the squeeze to detect the phas...

Kris75 Hi Gabri I launched a very simple strategy based on the 3 bars trailing stop that you cre...

TimDeCat Hi. Has anyone coded a version that you could alter it to say 5 bar trailing stop? ie make ...

Nicolas Please open a new topic in forums so we can code it there, thanks.

finplus bonjour, il y a un problème à la fin du code avec elsif (close 0 then ... ne manque t il pas...

kj1988 Hello Nicolas, thank you for this useful indicator. Could you tell me how I can remove the...

Nicolas remove lines 101 to 103

GraHal Yes sorry, I set up a link to a screen shot on my google drive and then I got locked into th...

gabri Here's the thread https://www.prorealcode.com/topic/multiframe-rsi-of-rsi/

Bernard13 Bonjour Nicolas, Pourriez-vous m'indiquer si cet indicateur fonctionne avec la V11 ? Le di...

HeikinAshi Do you have an update of this indicator since you've created them, or is this still the actu...

mcha Thank you for this work. Do you try to transform/put this indicator on candlesticks and is ...

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