This indicator calculates a modified MACD oscillator and signal line alongside a trend EMA filter, plotting the output as a stylized column histogram in a separate pane. Instead of plotting true MACD distance, it quantifies positive and negative histogram mome
Indicator · Pine Script v4 · Own pane
Colored fill
This indicator plots two simple moving averages of close, one over five bars and one over twenty bars, in a separate pane.
GitHub stars65on the repository
Pine versionv4older, still runs
Lines of code7
Settings0inputs
LicenceGPL-3.0
Last update4 days ago24 Oct 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
7 lines of Pine Script v4 from examples/v4/tradingview-docs/v4-annotations-filling-in-the-background-with-fill-02.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
study(title="Colored fill")
line1=sma(close, 5)
line2=sma(close, 20)
p1 = plot(line1)
p2 = plot(line2)
fill(p1, p2, color = line1 > line2 ? color.green : color.red)
Overview
Colored fill shades the area between the two plots green when the shorter average is above the longer average and red when it is below. There are no user inputs, alerts, or trade signals. It does not enter or exit positions and has no stop loss or take profit.
- Five-bar simple moving average of close
- Twenty-bar simple moving average of close
- Conditional green or red fill between the averages
Details
Published by
be-thomas on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the 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.
Topics
algorithmic-tradingbacktestingcompilerfintechjavascriptpinescripttechnical-analysistradingview
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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