nboone

LWMA w/ Color Change

Linear Weighted MA that changes colors based on slope.

Green = slope up from last bar
Yellow = slope is 0 from last bar
Red = slope down from last bar

This time with the ability to change the period.
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//@version=2
study("LWMA w/ Color Change V1.1", shorttitle="LWMA", overlay=true)

p = input(defval=35, title="Period", minval=1)

ma = wma(close, p)

c = ma[1] > ma[2] ? green : ma[1] < ma[2] ? red : yellow
    
plot(ma[1], color=c)
Is this not just the same as a WMA? Where does the linearity come into play?
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