OPEN-SOURCE SCRIPT
Munich Guppy
Actualizado
WELCOME to the Munich Guppy!
This is a simple moving average indicator that will help you determine the trend of your chart using historical moving averages.
The indicator consists of 3 EMA's and one ALMA moving average. Using these 4 moving averages I have programmed the relationship between the moving averages to color the background of your chart.
If your background is red, this means that the alma moving average has fallen below the EMA's (EMA1 and EMA 2) as well as (EMA 1 and EMA 2) are postured in a down trending/up trending fashion
For example, the 21EMA is greater than the 55EMA, this signals that the chart has been outperforming its intermediate averages. Now if the ALMA is below both the 21ema and 55ema, in this instance, your chart background will become green.
The ALMA has color options '+CoC' and '-Coc', this simply means if the candle closes below the alma, it will turn red, if closure above it will turn green.
EMA 3 which is default set to 200, has no affect on the color of the background.
Now I hope I have thoroughly explained the simplicity of this indicator, if you have any questions leave them below or private message me for any other requests,
Good Trading!
-CheatCode1
This is a simple moving average indicator that will help you determine the trend of your chart using historical moving averages.
The indicator consists of 3 EMA's and one ALMA moving average. Using these 4 moving averages I have programmed the relationship between the moving averages to color the background of your chart.
If your background is red, this means that the alma moving average has fallen below the EMA's (EMA1 and EMA 2) as well as (EMA 1 and EMA 2) are postured in a down trending/up trending fashion
For example, the 21EMA is greater than the 55EMA, this signals that the chart has been outperforming its intermediate averages. Now if the ALMA is below both the 21ema and 55ema, in this instance, your chart background will become green.
The ALMA has color options '+CoC' and '-Coc', this simply means if the candle closes below the alma, it will turn red, if closure above it will turn green.
EMA 3 which is default set to 200, has no affect on the color of the background.
Now I hope I have thoroughly explained the simplicity of this indicator, if you have any questions leave them below or private message me for any other requests,
Good Trading!
-CheatCode1
Notas de prensa
:Chart picture updateNotas de prensa
::Chart Picture Update 2Notas de prensa
Adjusted the offset argument to not have the moving averages look ahead. Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
¿Quiere utilizar este script en un gráfico?
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