Linear Weighted MA that changes colors based on slope.
Green = slope up from last bar
Yellow = slope is 0 from last bar
Red = slope down from last bar
This time with the ability to change the period.
Green = slope up from last bar
Yellow = slope is 0 from last bar
Red = slope down from last bar
This time with the ability to change the period.
//@version=2
study("LWMA w/ Color Change V1.1", shorttitle="LWMA", overlay=true)
p = input(defval=35, title="Period", minval=1)
ma = wma(close, p)
c = ma[1] > ma[2] ? green : ma[1] < ma[2] ? red : yellow
plot(ma[1], color=c)