[RS]Multiple Moving Average Candle System V0
double ma system built into candle sticks,
wick, above body shows true high, under true low.
the body symbolizes the double ma's, colors for expansion/contraction of the ma's.
optional: can hide true close point(black dots)
good usage with rsi candles:
wick, above body shows true high, under true low.
the body symbolizes the double ma's, colors for expansion/contraction of the ma's.
optional: can hide true close point(black dots)
good usage with rsi candles:
study("[RS]Multiple Moving Average Candle System V0", overlay=true)
src = input(title='Source', type=source, defval=hl2)
MA1_length = input(title='MA1 Length', type=integer, defval=4)
MA2_length = input(title='MA2 Length', type=integer, defval=8)
SHOW_CLOSE = input(title='Show Close Price Point?', type=bool, defval=true)
MA1 = sma(src, MA1_length)
MA2 = sma(src, MA2_length)
c_high = high
c_low = low
c_open = MA2
c_close = MA1
isExpanding = rising(abs(c_close - c_open), 1)
c_palete = c_close > c_open and isExpanding? lime : c_close > c_open ? olive :
c_close < c_open and isExpanding ? red : c_close < c_open ? orange : gray
plotcandle(c_open, c_high, c_low, c_close, title='MA Candles', color=c_palete)
plot(title='Close', series=not SHOW_CLOSE ? na : close, style=circles, color=black, linewidth=2)