Percent above or Below Moving Average Candle colour — Indicator by fibonacci_wizard

simplemovingaverage candle colour sma percentage movingavarage

Filter:
If green candle is 'x' % above moving average than colour of candle is turn in blue colour.
If red candle is 'x' % below moving average than colour of candle is turn in orange colour.

Release Notes:

Added moving average type selection

Release Notes:

added Double EMA type

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.

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