Candles red, Candles green – period

• 11/09/2022 at 10:42 AM #203850
  bearbull

  Hi,

  I am using the coral moving average which flashes green and red. Is there something that measures over a set period and would tell you which is greater…………….the red side of the indicator or the green side in percentage terms say?

  Or is there a way of setting the indicator for that?

   

  Thanks

  

  bearbull

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  11/12/2022 at 11:52 AM #204009
  robertogozzi

  I’ll make an example with a 10-period Simple Moving Average (you will easily replace it with any other one of your choice) over the last N bars:

  N = 20 Sma = average[10,0](close) Green = Sma > Sma[1] Red = Sma < Sma[1] tallyG = summation[N](Green) tallyR = summation[N](Red) Return tallyG AS "Green SMA",tallyR AS "Red SMA"

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  N = 20 Sma     = average[10,0](close) Green   = Sma > Sma[1] Red     = Sma < Sma[1] tallyG  = summation[N](Green) tallyR  = summation[N](Red) Return tallyG AS "Green SMA",tallyR AS "Red SMA"

  Set the two returned values as (coloured) histograms, if you don’t love lines.

  

  robertogozzi

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