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
89 lines of Pine Script v6 from movings/quick_moving_average.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
quick_moving_average.pine
//@version=6
// Copyright (c) 2008-present, John McCormick
// Copyright (c) 2019-present, Alex Orekhov (everget)
// Quick Moving Average script may be freely distributed under the terms of the GPL-3.0 license.
const string MA_SHORT_TITLE = 'QMA'
indicator('Quick Moving Average', shorttitle = MA_SHORT_TITLE, overlay = true, behind_chart = false)
length = input.int(14, minval = 1, title = 'Length')
src = input.source(close, title = 'Source')
var highlightDirectionTooltip = 'Colors the ' + MA_SHORT_TITLE + ' according to its direction:\n• Green = rising\n• Pink = falling'
highlightDirection = input.bool(
true
, title = 'Highlight Direction'
, tooltip = highlightDirectionTooltip
)
var applyBarColorsTooltip = 'Colors price bars according to the ' + MA_SHORT_TITLE + ' direction:\n• Bullish color = rising ' + MA_SHORT_TITLE + '\n• Bearish color = falling ' + MA_SHORT_TITLE
applyBarColors = input.bool(
true
, title = 'Apply Bar Colors'
, tooltip = applyBarColorsTooltip
)
var applyBgColorsTooltip = 'Colors the chart background according to the ' + MA_SHORT_TITLE + ' direction:\n• Bullish color = rising ' + MA_SHORT_TITLE + '\n• Bearish color = falling ' + MA_SHORT_TITLE
applyBgColors = input.bool(
false
, title = 'Apply Background Colors'
, tooltip = applyBgColorsTooltip
)
//---
peak = length / 3
num = 0.0
denom = 0.0
for i = 1 to length by 1
mult = 0.0
if i <= peak
mult := i / peak
mult
else
mult := (length + 1 - i) / (length + 1 - peak)
mult
num := num + nz(src[i - 1], src) * mult
denom := denom + mult
denom
ma = denom != 0.0 ? num / denom : src
//---
const color bullishColor = #09b71e
const color bearishColor = #e91e63
const color bullishBarColor = color.new(bullishColor, 50)
const color bearishBarColor = color.new(bearishColor, 50)
const color bullishWickColor = bullishColor
const color bearishWickColor = bearishColor
const color bullishBgColor = color.new(bullishColor, 88)
const color bearishBgColor = color.new(bearishColor, 88)
isBullishSlope = ma > ma[1]
maColor = highlightDirection
? (isBullishSlope ? bullishColor : bearishColor)
: #512da8
plot(ma, title = MA_SHORT_TITLE, linewidth = 2, color = maColor)
maBarColor = applyBarColors ? (isBullishSlope ? bullishBarColor : bearishBarColor) : na
maWickColor = applyBarColors ? (isBullishSlope ? bullishWickColor : bearishWickColor) : na
maBgColor = applyBgColors ? (isBullishSlope ? bullishBgColor : bearishBgColor) : na
barcolor(title = 'Bar Color', color = maBarColor)
plotcandle(open, high, low, close, title = 'Bar Color', color = na, wickcolor = maWickColor, bordercolor = na, display = display.pane)
bgcolor(title = 'Background Color', color = maBgColor)
//---
bullishColorChangeAlert = maColor[1] != bullishColor and maColor == bullishColor
bearishColorChangeAlert = maColor[1] != bearishColor and maColor == bearishColor
anyColorChangeAlert = maColor != maColor[1]
alertcondition(bullishColorChangeAlert, title = 'Bullish Color Change', message = MA_SHORT_TITLE + ' - Bullish Color Change\nSymbol: {{exchange}}:{{ticker}}\nPrice: {{close}}')
alertcondition(bearishColorChangeAlert, title = 'Bearish Color Change', message = MA_SHORT_TITLE + ' - Bearish Color Change\nSymbol: {{exchange}}:{{ticker}}\nPrice: {{close}}')
alertcondition(anyColorChangeAlert, title = 'Any Color Change', message = MA_SHORT_TITLE + ' - Any Color Change\nSymbol: {{exchange}}:{{ticker}}\nPrice: {{close}}')
Overview
Quick Moving Average plots the average line and can color it green when rising or pink when falling. Price bars and chart background receive matching colors based on slope. Settings control length, price source, direction highlighting, bar coloring and background coloring. Alerts trigger on color changes. This helps identify trend direction and potential reversals.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Length
int
14
length
Source
source
close
src
Highlight Direction
bool
true
highlightDirection
Apply Bar Colors
bool
true
applyBarColors
Apply Background Colors
bool
false
applyBgColors
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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