This script was cannibalized by another member on here (Kudos given in Script). I trimmed down the script and created this to give a visual representation of the changing slope on exponential moving averages.
This script was influenced by Scilentor's- "RSI Bar Colors / Scilentor". I improved upon the Idea by adding the ability to change the full range of RSI (Between 0 through 100) to any color you want within 5 point increments.
Traditional use of RSI is to use it as an "Overbought" and "Oversold" indicator. A more uncommon/unknown use, especially among new traders,...
This 50 SMA changes color based on the trend of the market.
If the SMA is green, use your edge to determine when to buy.
If the SMA is red, use your edge to determine when to sell.
Can be used on any timeframe and market.
Customize this to meet your needs.
SadLittleThings Price Compare With Offset MTF by RagingRocketBull 2018
This indicator lets you compare multiple assets across different timeframes, supports offsets and alpha multipliers.
Standard TradingView Compare doesn't have Offset/Timeframe/Multiplier options, hence this indicator.
- compare current asset's price with 2 custom ext...