OPEN-SOURCE SCRIPT
AZ Column Color
This indicator is based on ema cross-over (12,26).
In Thailand, the ema 12,26 Cross over is well known as the CDC-ACTION ZONE indicator.
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The definition of a bullish trend in this indicator is when the fast ema crosses up the slow ema .
The definition of a bearish trend is when the fast ema crosses down the slow ema .
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When fast ema is over slow ema the column will show in a green column and when fast ema is below slow ema the column will show in a red column.
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I have made this indicator for use with CDC-ACTION ZONE.
In Thailand, the ema 12,26 Cross over is well known as the CDC-ACTION ZONE indicator.
.
The definition of a bullish trend in this indicator is when the fast ema crosses up the slow ema .
The definition of a bearish trend is when the fast ema crosses down the slow ema .
.
When fast ema is over slow ema the column will show in a green column and when fast ema is below slow ema the column will show in a red column.
.
I have made this indicator for use with CDC-ACTION ZONE.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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