Fill Strength Gradient [BigBitsIO] — Indicator by BigBitsIO

movingaverage simplemovingaverage fill gradient transp transparent alpha strength relative

This script plots two moving averages but is mostly designed to highlight a fill strength gradient. The fill strength gradient shows a more opaque fill based on the current percentage difference of the current difference to the maximum difference in two MAs in a trend.

Citation: PinceCoders - Slight modification on color functions

Release Notes:

Added a pre-set indicator configuration input for 50/100 and 50/200.

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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