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  • Candle Trend Color Script Iqoption

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    Indigo Graficos
    164 views1 page
    This document defines a candle trend indicator for a chart. It takes inputs for period lengths, data sources, and moving averages. It then calculates the angle of a moving average versus a smoothed average to determine the color of candlesticks to plot on the chart. Colors range from green to red based on the angle, with neutral in the middle.

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    Candle trend color script iqoption

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    This document defines a candle trend indicator for a chart. It takes inputs for period lengths, data sources, and moving averages. It then calculates the angle of a moving average versus a smoothed average to determine the color of candlesticks to plot on the chart. Colors range from green to red based on the angle, with neutral in the middle.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    164 views1 page

    Candle Trend Color Script Iqoption

    Uploaded by

    Indigo Graficos
    This document defines a candle trend indicator for a chart. It takes inputs for period lengths, data sources, and moving averages. It then calculates the angle of a moving average versus a smoothed average to determine the color of candlesticks to plot on the chart. Colors range from green to red based on the angle, with neutral in the middle.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    instrument { name = "Candle Trend", icon="indicators:ADX", overlay = true }

    hh_period = input (30, "front.newind.trendzone.hhllperiod", input.integer, 1)


    ma_period = input (34, "front.newind.maperiod", input.integer, 1)
    src_idx = input (inputs.close, "front.ind.source", input.string_selection,
    inputs.titles)
    avg_idx = input (inputs.hlc3, "front.newind.trendzone.smoothed",
    input.string_selection, inputs.titles)
    fn = input (averages.ema, "front.newind.average", input.string_selection,
    averages.titles)
    input_group {
    "front.newind.colors",
    color1 = input { default = rgba(86,206,255,0.75), type=input.color },
    color2 = input { default = rgba(24,114,38,0.75), type=input.color },
    color3 = input { default = rgba(37,225,84,0.50), type=input.color },
    color4 = input { default = rgba(37,225,84,0.80), type=input.color },
    color5 = input { default = rgba(183,36,17,0.80), type=input.color },
    color6 = input { default = rgba(255,108,88,0.75), type=input.color },
    color7 = input { default = rgba(201,94,4,0.80), type=input.color },
    color8 = input { default = rgba(255,119,0,0.50), type=input.color },
    color9 = input { default = rgba(251,233,12,0.75), type=input.color },
    }
    local pi = math.pi
    local source = inputs [src_idx]
    local avg = inputs [avg_idx]
    local ma = averages [fn]
    hh = highest (hh_period)
    ll = lowest (hh_period)
    range = 25 * ll / (hh - ll)
    ema34 = ma (source, ma_period)
    y2_ema34 = (ema34[1] - ema34) / avg * range
    c_ema34 = sqrt(1 + y2_ema34 ^ 2)
    emaAngle_1 = round (180 / pi * acos(1 / c_ema34))
    emaAngle = iff(y2_ema34 > 0, -emaAngle_1, emaAngle_1)
    local color
    if emaAngle >= 5 then
    color = color1
    elseif emaAngle >= 3.57 then
    color = color2
    elseif emaAngle >= 2.14 then
    color = color3
    elseif emaAngle >= 0.71 then
    color = color4
    elseif emaAngle <= -5 then
    color = color5
    elseif emaAngle <= -3.57 then
    color = color6
    elseif emaAngle <= -2.14 then
    color = color7
    elseif emaAngle <= -0.71 then
    color = color8
    else
    color = color9
    end

    plot_candle (open, high, low, close, "ES", color)

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