RicardoSantos

[RS]Multiple Moving Average Candle System V0

3826 vizualizações
436
double ma system built into candle sticks,
wick, above body shows true high, under true low.
the body symbolizes the double ma's, colors for expansion/contraction of the ma's.
optional: can hide true close point(black dots)

good usage with rsi candles:
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study("[RS]Multiple Moving Average Candle System V0", overlay=true)
src = input(title='Source', type=source, defval=hl2)
MA1_length = input(title='MA1 Length', type=integer, defval=4)
MA2_length = input(title='MA2 Length', type=integer, defval=8)

SHOW_CLOSE = input(title='Show Close Price Point?', type=bool, defval=true)

MA1 = sma(src, MA1_length)
MA2 = sma(src, MA2_length)

c_high = high
c_low = low
c_open = MA2
c_close = MA1

isExpanding = rising(abs(c_close - c_open), 1)

c_palete = c_close > c_open and isExpanding? lime : c_close > c_open ? olive :
        c_close < c_open and isExpanding ? red : c_close < c_open ? orange : gray
plotcandle(c_open, c_high, c_low, c_close, title='MA Candles', color=c_palete)
plot(title='Close', series=not SHOW_CLOSE ? na : close, style=circles, color=black, linewidth=2)

Comentários

I have a question, how did you replace the original bars with this? when i add it, it draws on top of the chart's candles
+1 Resposta
RicardoSantos CAB_Member
@CAB_Member,
optionally:
go to options >> scales : untick "scale price chart only"

then:
right click the ticker name on top and "hide"
+1 Resposta
CAB_Member RicardoSantos
@RicardoSantos, nice, thanks a lot
Resposta
how would you use this Indicator?
Resposta
Have been looking for a good exit indicator and this fits the bill perfectly! Good work! Thanks mate
Resposta
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