Example of Code for Moving Average Cross - Changing Colors
Famous 7 Time World Trading Champion Chuck Hughes found the 50 and 100 EMA to be the best Signal for a Change in Trend. Through extensive back-testing he found these EMA’s to give the earliest signal that also resulted in a Long-Term Change in Trend.
Dotted Line represents Long-Term EMA. The 100 EMA in this example.
Solid line represents the Short-Term EMA. The 50 EMA in this example.
If Short-Term EMA is ABOVE Long-Term EMA...Color = Green.
If Short-Term EMA is BELOW Long-Term EMA...Color = Red.
Dotted Line represents Long-Term EMA. The 100 EMA in this example.
Solid line represents the Short-Term EMA. The 50 EMA in this example.
If Short-Term EMA is ABOVE Long-Term EMA...Color = Green.
If Short-Term EMA is BELOW Long-Term EMA...Color = Red.
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//Created by user ChrisMoody //Long EMA = Dots, Short EMA = Line //If Short EMA is ABOVE Long EMA = Lime Color, If Short EMA is BELOW Long EMA = Red Color study(title="_CM_Double EMA Trend Color", shorttitle="_CM-2EMA-Trend", overlay=true) src = close, len = input(50, minval=1, title="Short EMA") src2 = close, len2 = input(100, minval=1, title="Long EMA") emaShort = ema(src, len) emaLong = ema(src2, len2) spanColor = emaShort>=emaLong ? lime : red p1 = plot(emaShort, title="EMA Short", style=line, linewidth=4, color=spanColor) p2 = plot(emaLong, title="EMA Long", style=circles, linewidth=3, color=spanColor) fill(p1, p2, color=silver, transp=40, title="Fill") //If you do not want the Fill gradient between the EMA's follow the steps below. //Erase the p1 = in line 12 and 13 so plot is at the far left //Erase line 15 or put two forward slashes infront of the word fill, just like the two forward slashes at the beginning of this line.