OPEN-SOURCE SCRIPT
Moving Averages - Slope Colored Candle
/this is an open source code and strictly for educational purpose
// the concept is to identify when the moving average is sloping upward or when the moving average is sloping downward
//since there are various ways to generate signal from moving average but the slope of moving average has much weight of evidence we are using the slope
//THE IDEA IS SIMPLE TO REMAIN RIGHT SIDE OF THE TREND
// the concept is to identify when the moving average is sloping upward or when the moving average is sloping downward
//since there are various ways to generate signal from moving average but the slope of moving average has much weight of evidence we are using the slope
//THE IDEA IS SIMPLE TO REMAIN RIGHT SIDE OF THE TREND
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.
Lovelesh Sharma
CMT, CFTe
CMT, CFTe
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
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.
Lovelesh Sharma
CMT, CFTe
CMT, CFTe
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.