Colored EMA

This is a modified version of the exponential moving average indicator to change color based on trend (red/bearish if price has closed below EMA, green/bullish if price has closed above EMA).

Release Notes

Made color change only after previous candle closed above/below EMA instead of current candle (looks better).

Release Notes

Minor improvements :)

Release Notes

Minor improvements

Release Notes

Updated to Pine Script version 4

Release Notes

Updated to Pine Script v5

Release Notes

Updated to v6 pine script

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

ZenAndTheArtOfTrading

My Resources Hub: theartoftrading.com
FREE YouTube Lessons: rebrand.ly/zyt
FREE Pine Script Basics Course: rebrand.ly/zpsbc
Pine Script MASTERY Course: rebrand.ly/zpsmc
My Indicators & Strategies: rebrand.ly/zmisc

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

For quick access on a chart, add this script to your favorites — learn more here.

ZenAndTheArtOfTrading

Also on: