Background Color Based on EMA — Indicator by Ichimoku-Trading

trendanalysis movingaverage ema color overview background-color exponentialmovingaverages

Hello Traders,

this is a very simple script. It paints the background color based on the close price in reference to an exponential moving average.

If the close is above the EMA the background color will be green.

If the close is under the EMA the background color will be red.

You can adjust colors and the EMA period by yourself.

This little indicator script is just to get a better overview, for example in combination with other indicators.

Hope you guys like this script. Wish you a great trading week.

Open-source script

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.

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.

Want to use this script on a chart?