Trend Channel [Gu5]

SMA 200 determines the trend
Bullish trend, green candles. Down trend, red candles.
If the market value is narrow to the SMA200 channel, yellow candles.
Setting recommended for SMA Range
BTCUSD = 100
EURUSD = 1000
SPX = 100
ETHUSD = 10

הערות שחרור:

Update to Pinescript v.4
Clean code
Channel changes color too

הערות שחרור:

bcolor change

הערות שחרור:

Channel change

הערות שחרור:

Clean code

הערות שחרור:

Now it is compatible with any market, without manual setting

הערות שחרור:

Clean code

הערות שחרור:

Upgrade v5.
Added multiple types of Moving Averages ('SMA', 'EMA', 'SMMA', 'WMA', 'VWMA')
Written according to PineCoders Coding Conventions for Pine
Multiple Time Frame Indicator or MTF
Not repaint
Change of license