PROTECTED SOURCE SCRIPT
Updated (JS) Trend Background
This is something I have been using on my personal charts for a while. Trend is based on two EMAs - when the fast EMA is higher the BG is green, when the slow EMA is higher the BG is red. If you're green and momentum shifts towards red, the green darkens - and same in reverse with the red. I trade momentum so I don't like to trade against the trend, this BG is a nice and subtle way to keep you aware the of trend while also not clustering the chart and letting you see the candles and price action clearly. I have made the BG transparency, as well as the 2 EMA periods adjustable - hope you find it as nice as I have, enjoy!
Release Notes
added ability to use SMA along with EMARelease Notes
Added a highlight based on TTM SqueezeRelease Notes
small formula changeRelease Notes
Added a second color scheme, and also added ability to choose the squeeze setting to highlightProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.