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

Iván Si lo descargas e importas en tu PRT verás que se han creado las variables para luego config...

WhyAskOZ Hi, Ivan As always you are doing great coding. The code works on my PRT, however the issu...

Iván You can delete in the last line (return) the configuration for color. Delete coloured(xx,xx,...

Iván Gracias! Para el screener sólo tienes que copiar el indicador y poner como condición de búsq...

Lean Muchas gracias Iván, ya lo he podido crear.

bertoluce Hello Ivan, thank you very much for the indicator. An observation: would it be possible (and...

Doddge Hola Iván, ¿sería posible crear un screener que indique cuándo las velas coloreadas del indi...

RTR Ivan thank you for the pro-screener. I a trying to understand how to write the signals from ...

Iván Hi, Lines 62 and 63. These lines define buy and sell conditions.

Iván Hi You should delete from the indicator code all drawing functions and all variables not us...

Iván I've created a screener to show [longcondition or shortcondition]

Chrisinobi Hallo Ivan, Danke das ist Perfekt !! Kannst du bitte in der Screener-Bibliothek die itf. hoc...

MaoRai54 Thanks, now it's OK. in your first code at line 15-16 it's missing.

Madrosat Hello Ivan Did you try a strategy with this indicator

Iván Hi. No I didn't. This is a code translation requested by an user a few days ago.

cjr30 Simplemente modifica las lineas 19 y 21 por las siguientes: drawtext("▲",barindex,low-0.1*a...

groelandes Gracias!!

WhyAskOZ i copied the code into strategy and it gives error on line 21 and 23. it says " Line 1: ...

Madrosat Hello Ivan You have interesting topics on indicators , smart supertrend, optimised trend t...

Iván Hi! thanks. All of these codes are translations requested in the forum. I've on mind to back...

Raspete01 Buenos días Iván, estoy intentando llevar el código eliminando los colores y pasando un Back...

ARLEQUIN49 Hello Ivan, Would it be possible to convert the code of this QQE MOD indicator which accomp...

ARLEQUIN49 here is the code: //@version=4 //By Glaz, Modified // study("QQE MOD") RSI_Period = i...

Iván Hi, Yes I can translate it but please, create a new topic for it.

Fgats quelques explications en Français ici : Some explanations in French here : https://www.p...

Nicolas Merci pour cette contribution, j'apprécie ! :)

Fgats Merci Nicolas pour ces encouragements et merci aussi pour le commentaire en Anglais accompa...

616248 Bonjour Nicolas, Peux tu nous expliquer le principe de fonctionnement ? Ou nous mettre un...

Nicolas Le lien vers l'article IFTA de l'auteur est dans le post déjà :)

P. Marlowe Very poweful indeed. It deserves close attention. I really appreciate very much IFTA backgro...

Lucas0000 Hello, Congratulations on this programming, it seems incredible to me, I am new to this but ...

plbourse Hello, I am trying to use this singal (in fact I have converted it to an indicateur giving B...

manfeber Buenos dias,alguien me podria decir como se descargar el archivo o el indicador Q-Trend??,ya...

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