Created By Request for lucalucious
Allows for EMA Smoothing with different values for Up and Down Trend.
Ability to Plot EMA to see Trend Filter
Allows for EMA Smoothing with different values for Up and Down Trend.
Ability to Plot EMA to see Trend Filter
Coming Soon: www.ChrisMoodyTrading.com
//Created by Chrismoody on 7/22/2014 By Request for user lucalucious //Modified Heikinashi with EMA Filter... //Choice To Plot EMA Trend Is Based Off Of study(title = "CM_Modified_Heik_Trend_Bars", shorttitle="CM_TrendBars",overlay=true) note = input(false, title="Lower Numbers = More Sensitive to Price Change...Higher Numbers = Less Sensitive") uema = input(34, minval=1, maxval=50, title="EMA UpTrend") dema = input(34, minval=1, maxval=50, title="EMA DownTrend") shema = input(false, title="Show EMA Trend is Based On?") haclose = (open + high + low + close)/4 haopen = na(haopen[1]) ? (open + close)/2 : (haopen[1] + haclose[1]) / 2 upEma = ema(haclose, uema) downEma = ema(haopen, dema) emaAvg = (upEma + downEma)/2 heikUpColor() => hlc3 >= emaAvg heikDownColor() => hlc3 < emaAvg col = hlc3 >= emaAvg[1] ? lime : hlc3 < emaAvg[1] ? red : white barcolor(heikUpColor() ? lime: heikDownColor() ? red : na) plot(shema and emaAvg ? emaAvg : na, title="EMA UpTrend", style=line, linewidth=3, color=col)