Trend Filter
The indicator colours the candles either Green or Red depending on the following conditions:-
If the N Bar Average Close > N Bar Average Open, the Bars are coloured Green.
If the N Bar Average Close < N Bar Average Open, the Bars are coloured Red.
If the N Bar Average Close > N Bar Average Open, the Bars are coloured Green.
If the N Bar Average Close < N Bar Average Open, the Bars are coloured Red.
MohitMarwaha
//@version=2 study(title="Trend Filter", overlay = true) maPeriod = input(title="MA Period", type=integer, defval=20, minval=1) OpenMa = sma(open,maPeriod) CloseMa = sma(close,maPeriod) isBullish() => OpenMa < CloseMa isBearish() => OpenMa > CloseMa barcolor(isBullish() ? green : isBearish() ? red : na)