Library "ColourUtilities" Utility functions for colour manipulation adjust_colour(rgb, desaturation_amount, transparency_amount) to reduce saturation or increase transparency of an RGB colour Parameters: rgb (color) desaturation_amount (float) : 0 means no desaturation (colours remains as-is), and 1 means full desaturation (colour turns grey)....
This script lets you create the equivalent of "volume candlesticks" in TradingView. "Volume candlesticks" normally vary their width according to the bar's volume. This script varies COLOUR instead of WIDTH. Bar charts are also supported. Candles/Bars are coloured by their distance from the average volume. You can also add a "huge volume" colour to further...
When RSI is above 50 our default bias is on buy side and when below 50 our bias is on sell side. Therefore created 2 zones for easy identification.
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.
This script showcases the new (overload) feature regarding the fill() function! 🥳 2 plots could be filled before, but with just 1 colour per bar, now the colour can be a gradient type. In this example we have 2 plots - rsiPlot , which plots the rsi value - centerPlot, which plots the value 50 ('centre line') Explanation of colour fill in the zone 50-80...
This script showcases the latest feature of colour fill between lines with gradient There are 17 ema's, all with adjustable lengths. In the settings there are 3 options: '1' , '2' , and '1 & 2' : Option '1' Here the highest - lowest lines are filled with a gradient colour, dependable where the 3rd highest/lowest ema is situated in regard of these 2...
This is a simple script which allows to do slope analysis on any kind of Moving Average. Simply change the moving average function that you wish to work with , in the script. Slope analysis may be required for fine-tuning trade automation software , which uses Moving Average for determining optimum enter/exit point. Read code comments for instructions!
Applies Blue or Pink colour overlay to candles when RSI is at or over the predefined parameters. These parameters are adjustable in the settings area of the indicator. Please note RSI does not guaranteed a pivot point in price action and the colour overlay should only be used as an indication or condition not a call to buy or sell alone. The colour overlay is a...
Simple backround colouring based upon input criteria. Published by request of a TV user. Sorry if this is duplicate, but I couldn't see any other scripts on TV.
Had a bit of a TA epiphany with RSI so bear with me. The time since RSI was last overbought/sold is a solid trend indicator. This may seem obvious but after x number of years trading it hit me like a smack in the face. I've coded this for easy visualisation. They're fairly simple changes but it's making a big difference in my trendspotting already. In the example...
This is a modified version of the exponential moving average indicator to change color based on trend (red/bearish if price has closed below EMA, green/bullish if price has closed above EMA).
Credit to HPotter - colour code borrowed from his AO script.