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TradingView Indicators
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//Created by Chrismoody on 7/22/2014 By Request for user lucalucious | |
//Modified Heikinashi with EMA Filter... | |
//Choice To Plot EMA Trend Is Based Off Of | |
study(title = "CM_Modified_Heik_Trend_Bars", shorttitle="CM_TrendBars",overlay=true) | |
note = input(false, title="Lower Numbers = More Sensitive to Price Change...Higher Numbers = Less Sensitive") | |
uema = input(34, minval=1, maxval=50, title="EMA UpTrend") | |
dema = input(34, minval=1, maxval=50, title="EMA DownTrend") | |
shema = input(false, title="Show EMA Trend is Based On?") | |
haclose = (open + high + low + close)/4 | |
haopen = na(haopen[1]) ? (open + close)/2 : (haopen[1] + haclose[1]) / 2 | |
upEma = ema(haclose, uema) | |
downEma = ema(haopen, dema) | |
emaAvg = (upEma + downEma)/2 | |
heikUpColor() => hlc3 >= emaAvg | |
heikDownColor() => hlc3 < emaAvg | |
col = hlc3 >= emaAvg[1] ? lime : hlc3 < emaAvg[1] ? red : white | |
barcolor(heikUpColor() ? lime: heikDownColor() ? red : na) | |
plot(shema and emaAvg ? emaAvg : na, title="EMA UpTrend", style=line, linewidth=3, color=col) | |
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