sandropsilva

Tabajara simple version

Indicator Tabajara from the brazilian trader André Machado.
Simple version with moving averages SMA 20 and SMA 200.
If fast moving average (20) is ascending, positive candles will receive green color.
Descending fast moving average (20) makes negative candles receive red color.
In other cases the candles will be gray (positive) and black (negative).
The slow moving average ( SMA 200) shows the primary trend.
It´s also possible using the indicator with exponential moving averages.
Notas de Lançamento: Indicator Tabajara from the brazilian trader André Machado.
Simple version with moving averages SMA 20 and SMA 200.
If fast moving average (20) is ascending, positive candles will receive green color.
Descending fast moving average (20) makes negative candles receive red color.
Otherwise candles will be gray (positive) and black (negative).
The slow moving average ( SMA 200) shows the primary trend.
It´s also possible using the indicator with exponential moving averages.
Notas de Lançamento: Translation of interface messages improved
Notas de Lançamento: Interface improved
Script de código aberto

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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