Rainbow Moving Averages

18 בספט׳ 2018

This script draws a box tower of moving averages. Each box is a unique color from the rainbow, and there are seven moving averages total. By default, 5, 10, 20, 50, 100, 150, 200 day simple moving averages are used. You could configure the numbers as you wish and also choose EMA, WMA, VWMA, or HullMA. If the price closes at or above a moving average, its box is colored otherwise the box will be gray.