This study shows a pair of colored moving averages filled with the color of the direction of the trend.
This study calculates the moving averages with standard or exponential M.A.'s. By default it uses a couple of fast exponential moving average pair (5,13) with the closing price as the source.
Parameters:
This study calculates the moving averages with standard or exponential M.A.'s. By default it uses a couple of fast exponential moving average pair (5,13) with the closing price as the source.
Parameters:
- source
- fast MA length
- slow MA Length
- type of moving average
Versionshinweise:
This is an updated version of the Madrid Trend Spotter Script recompiled and adjusted for pinescript 3.0