CM EMA Trend Bars
This Code Simply Changes the Bar Colors based on if the Bar is Above or Below the EMA.
Inputs via the Inputs Tab:
Ability to change the EMA Period.
Ability to Turn On/Off the EMA Plotted on the Screen
***Note - I used the HLC/3 To determine if the bar/candle is above or below the EMA. This Filters out the Chop and gets rid of many of the False Breaks above or below the EMA.
Inputs via the Inputs Tab:
Ability to change the EMA Period.
Ability to Turn On/Off the EMA Plotted on the Screen
***Note - I used the HLC/3 To determine if the bar/candle is above or below the EMA. This Filters out the Chop and gets rid of many of the False Breaks above or below the EMA.
Coming Soon: www.ChrisMoodyTrading.com
//Created by ChrisMoody on 11/1/2014 //Bar Color Based on Above/Below EMA... study(title = "CM_EMA Trend Bars", shorttitle="CM_EMA TrendBars",overlay=true) ema1 = input(34, minval=1, maxval=300, title="EMA UpTrend") shema = input(true, title="Show EMA Trend is Based On?") usedEma = ema(close, ema1) emaUpColor() => hlc3 >= usedEma emaDownColor() => hlc3 < usedEma col = hlc3 >= usedEma ? lime : hlc3 < usedEma ? red : white barcolor(emaUpColor() ? lime: emaDownColor() ? red : na) plot(shema and usedEma ? usedEma : na, title="EMA", style=line, linewidth=3, color=col)