The Adaptive Laguerre Filter calculates a smoothed, dynamically adjusted trendline plotted directly on the main price chart. It dynamically adjusts its damping factor (alpha) based on recent price range variations and median percentile calculations over a spec
Indicator · Pine Script v5 · On the chart
8/20 Cross Colored Candles
This indicator plots an eight-period and a twenty-period exponential moving average on the price chart and colors candles by their relationship.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code13
Settings0inputs
LicenceNone statedfile: MPL-2.0
Last update5 months ago27 May 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
13 lines of Pine Script v5 from Tradingview/8-20-cross-colored-candles.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains
//@version=5
indicator("8/20 Cross Colored Candles", overlay = true)
// @keywords: ema-cross, ema-crossover, 8-20-ema, 8-20-cross, fast-ema, slow-ema, dual-ema, moving-average-cross, ma-cross, colored-candles, candle-coloring, bar-coloring, trend-direction, bullish-bearish, crossover-trend, ema-trend, momentum-direction, fast-slow-cross, simple-ema, price-trend
ema8 = plot(ta.ema(close,8), color = color.orange)
ema20 = plot(ta.ema(close,20), color = color.blue)
bar_color = ta.ema(close,8) > ta.ema(close,20) ? 1 : -1
barcolor(bar_color == 1 ? color.green : color.red)
Overview
Candles are green when the faster average is above the slower average and red when it is below. The average lengths and colors are fixed in the source, so the script exposes no input settings. It only paints the chart and the two moving averages; it does not place entries, exits, stops, or position size.
- Eight-period exponential moving average
- Twenty-period exponential moving average
- Green and red candle coloring
- Fixed lengths with no inputs
- Drawn on the price chart
Details
Published by
g-moe on GitHub
Code credit
goodgains, as written in the script's header
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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