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
Conditional colors
This script calculates a simple moving average of closing prices over a specified length and dynamically changes its plot color based on the direction of the average.
GitHub stars65on the repository
Pine versionv5runs as is
Lines of code11
Settings3inputs
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
11 lines of Pine Script v5 from examples/v5/tradingview-docs/v5-concepts-colors-01.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator("Conditional colors", "", true)
int lengthInput = input.int(20, "Length", minval = 2)
color maBullColorInput = input.color(color.green, "Bull")
color maBearColorInput = input.color(color.maroon, "Bear")
float ma = ta.sma(close, lengthInput)
// Define our states.
bool maRising = ta.rising(ma, 1)
// Build our color.
color c_ma = maRising ? maBullColorInput : maBearColorInput
plot(ma, "MA", c_ma, 2)
Overview
When the moving average value is rising compared to the previous bar, the line displays the selected bullish color; otherwise, it displays the bearish color. It overlays directly on the main price chart, allowing traders to easily identify trend direction changes visually through color transitions. Users can adjust the moving average length and choose custom bullish and bearish line colors.
- Simple moving average calculation
- Dynamic color switching based on rising state
- Overlay plot directly on the price chart
- Customizable colors for bullish and bearish states
Details
Published by
be-thomas on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Trend, Moving averages
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
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 20 | lengthInput |
| Bull | color | color.green | maBullColorInput |
| Bear | color | color.maroon | maBearColorInput |
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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