Trend Channel [Gu5]

SMA 200 determines the trend
Bullish trend, green candles. Down trend, red candles.
If the market value is narrow to the SMA200 channel, yellow candles.
Setting recommended for SMA Range
BTCUSD = 100
EURUSD = 1000
SPX = 100
ETHUSD = 10

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Update to Pinescript v.4
Clean code
Channel changes color too

Notas de Lançamento:

bcolor change

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Channel change

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Clean code

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Now it is compatible with any market, without manual setting

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Clean code

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Upgrade v5.
Added multiple types of Moving Averages ('SMA', 'EMA', 'SMMA', 'WMA', 'VWMA')
Written according to PineCoders Coding Conventions for Pine
Multiple Time Frame Indicator or MTF
Not repaint
Change of license