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Candle Trend Color Script Iqoption

This document defines a candle trend indicator for a chart. It takes inputs for period lengths, data sources, and moving averages. It then calculates the angle of a moving average versus a smoothed average to determine the color of candlesticks to plot on the chart. Colors range from green to red based on the angle, with neutral in the middle.

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Indigo Graficos
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1K views1 page

Candle Trend Color Script Iqoption

This document defines a candle trend indicator for a chart. It takes inputs for period lengths, data sources, and moving averages. It then calculates the angle of a moving average versus a smoothed average to determine the color of candlesticks to plot on the chart. Colors range from green to red based on the angle, with neutral in the middle.

Uploaded by

Indigo Graficos
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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instrument { name = "Candle Trend", icon="indicators:ADX", overlay = true }

hh_period = input (30, "front.newind.trendzone.hhllperiod", input.integer, 1)


ma_period = input (34, "front.newind.maperiod", input.integer, 1)
src_idx = input (inputs.close, "front.ind.source", input.string_selection,
inputs.titles)
avg_idx = input (inputs.hlc3, "front.newind.trendzone.smoothed",
input.string_selection, inputs.titles)
fn = input (averages.ema, "front.newind.average", input.string_selection,
averages.titles)
input_group {
"front.newind.colors",
color1 = input { default = rgba(86,206,255,0.75), type=input.color },
color2 = input { default = rgba(24,114,38,0.75), type=input.color },
color3 = input { default = rgba(37,225,84,0.50), type=input.color },
color4 = input { default = rgba(37,225,84,0.80), type=input.color },
color5 = input { default = rgba(183,36,17,0.80), type=input.color },
color6 = input { default = rgba(255,108,88,0.75), type=input.color },
color7 = input { default = rgba(201,94,4,0.80), type=input.color },
color8 = input { default = rgba(255,119,0,0.50), type=input.color },
color9 = input { default = rgba(251,233,12,0.75), type=input.color },
}
local pi = math.pi
local source = inputs [src_idx]
local avg = inputs [avg_idx]
local ma = averages [fn]
hh = highest (hh_period)
ll = lowest (hh_period)
range = 25 * ll / (hh - ll)
ema34 = ma (source, ma_period)
y2_ema34 = (ema34[1] - ema34) / avg * range
c_ema34 = sqrt(1 + y2_ema34 ^ 2)
emaAngle_1 = round (180 / pi * acos(1 / c_ema34))
emaAngle = iff(y2_ema34 > 0, -emaAngle_1, emaAngle_1)
local color
if emaAngle >= 5 then
color = color1
elseif emaAngle >= 3.57 then
color = color2
elseif emaAngle >= 2.14 then
color = color3
elseif emaAngle >= 0.71 then
color = color4
elseif emaAngle <= -5 then
color = color5
elseif emaAngle <= -3.57 then
color = color6
elseif emaAngle <= -2.14 then
color = color7
elseif emaAngle <= -0.71 then
color = color8
else
color = color9
end

plot_candle (open, high, low, close, "ES", color)

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