Function to handle rgb color selection, it has low resolution due to pinescript limitations.
included examples with manual background color selection via inputs and automatic color of a rsi plot based on its value.
let your rainbow dreams come true!! :D
This script is based on ADX with DMI.
You can check the timing to entry & exit.
When lime/red color start it is good timing to entry buy/sell, and when the colors end you shold exit.
This is an old script that had limited access for some of my students, these days, it has no usage in my teaching methodology, but because some of my students asked for it, I updated it with the addition of a moving average and a formulated regression on the cci. Keep in mind, there is no special methodology to use the moving average or the regression...
>> This script is purely based on Commodity Channel Index (CCI) with multiple CCI instances being used within one oscillator.
>> User can use as much as 5 CCI instances/plot within one oscillator.
> How to use :
1. When Bullish :
Whenever CCI length 14 crosses above -100(negative 100) that means bullish momentum is supported.
DiNapoli Candles is a new indicator that colors the price candles to indicate Bullish and Bearish Cycles.
This version of the indicator includes the following features :
Show/Hide Colored Candles
Show/Hide Black & White Candles
Colors are customizable
Blue Candle signals New Bull Cycle
Bright Green Candle signals Strenght in Bull Push
My name is Alan and i'm here to share my script based on Tabajara Rule from Brasilian Professor/Trader Andre Machado.
This script shows:
1 Long SMA
1 Tabajara Color SMA
1 Color Long EMA
1 Color Short EMA
1 Background Colored based in 21 EMA
So what Tabajara is?
Tabajara is a Trend Following Trade System.
If the MA is going up, you look...
View multiple-timeframe EMAs in a single interval. All EMA lines stay the same no matter your preference to trade in 15m, 1h, 3h…. etc.
Default EMA length is 10 (can be changed in the format settings)
1h EMA - Yellow
4h EMA - Red
D EMA - Blue
How to add to chart
Click on "Add to Favorite scripts" in the bottom right
While in chart view...
This indicator simply colors bars when CCI ( commodity channel index ) is above 0 line (green bars) or below (red bars).
Add it to you favorites .
It is useful as:
- Trend detector (eg. green bars -> bullish trend )
- Filter, in combinations with other techniques (eg. green bars, only long)
- Signal: (eg. green bar -> buy long)
If you find the work useful,...
Buy in Red, Sell in Lower Red
UPTREND = IF the bar stays in the red
DOWNTREND = If the bars Stays in the lower Red
Price will come on green in long term.
use for day trades, long trades not recommended !
Color Volume Bars will indicate the volume % related to the historical average by painting the bars on the graph. Nice to identify when a large amount of deals are closed at a certain price level.
The color of the RSI inner bands will change from Purple to Green if RSI >70 and they will change to yellow if RSI >75. Nothing else has been changed from the standard RSI. Please understand I'm testing how publishing indicators works in Trading View. I have only done a minor adjustment to the RSI indicator, but I plan to do much more once I fully understand the...