SMA 200 determines the trend Bullish trend, green candles. Down trend, red candles. If the market value is narrow to the SMA200 channel, yellow candles. Setting recommended for SMA Range BTCUSD = 100 EURUSD = 1000 SPX = 100 ETHUSD = 10
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Update to Pinescript v.4 Clean code Channel changes color too
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bcolor change
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Channel change
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Clean code
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Now it is compatible with any market, without manual setting
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Clean code
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Upgrade v5. Added multiple types of Moving Averages ('SMA', 'EMA', 'SMMA', 'WMA', 'VWMA') Written according to PineCoders Coding Conventions for Pine Multiple Time Frame Indicator or MTF Not repaint Change of license