Candle Color Setup (SMA/EMA/VWMA/HMA/T3/WMA/VMA)

📘 Candle Coloring by Moving Average — Indicator Explanation (English)
This indicator colors candlesticks based on their position relative to a selected moving average. It helps traders visually identify bullish and bearish momentum by highlighting candles that are above or below the trend line.

🔧 Configurable Parameters
• Price Source: Choose which price to use for the moving average (e.g., close, open, hlc3).
• MA Type: Select from EMA, SMA, VWMA, HMA, Tilson, etc.
• MA Period: Set the number of bars used to calculate the moving average.
• Plot MA Line: Option to display the moving average on the chart.
• Buy Color: Candles above the MA are colored (e.g., blue).
• Sell Color: Candles below the MA are colored (e.g., red).
• Transparency: Adjust how visible the candle colors are (0 = solid, 100 = invisible).
• Tilson vFactor: If using Tilson MA, this controls the smoothing factor.

📈 How It Works
• When the candle’s close is above the moving average → it’s colored with the buy color.
• When the candle’s close is below the moving average → it’s colored with the sell color.
• The moving average acts as a dynamic trend filter, helping you spot directional bias at a glance.

🎯 How to Use It
• Use the colored candles to confirm trend direction.
• Combine with other indicators for entry/exit signals.
• Adjust MA type and period to match your strategy (e.g., short-term EMA for scalping, long-term SMA for swing trading).
• Use Tilson for smoother transitions if you prefer less noise.