This script will give you red/green columns to indicate if price is above or below a certain EMA. With Candlestick charting, we are looking for price in relation to the 8 ema Trigger Line (T-Line). You can adjust this indicator to fit your need. Simple, but nice to quickly see.
Oops. Last line's title should be "Sell". Doesn't affect display though.
Oops. Last line's title should be "Sell". Doesn't affect display though.
//Created by Robert Nance 060915 //This little script simply gives you a quick visual cue of where price is compared to a particular EMA. // It is defaulted to the 8 EMA study(title="Price above/below EMA", shorttitle="BuySellEMA", overlay=false) len = input(8, minval=1, title="Length") src = input(close, title="Source") out = ema(src, len) plot(close >= out, title="Buy", style=columns, color=lime) plot(close < out, title="Buy", style=columns, color=red)
