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Indicator · Pine Script v4 · Own pane
Simple EMA Candle
This indicator plots colored candles on the price chart using three Exponential Moving Averages.
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code39
Settings6inputs
LicenceMPL-2.0
Last update4 years ago27 Jun 2022
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
39 lines of Pine Script v4 from simpleemacandle.pinescript, published under MPL-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © minaecer
study("Simple EMA Candle")
//length
flen = input(30, title="1st Length")
slen = input(15, title="2st Length")
tlen = input(10, title="3nd Length")
src = input(close, title="Source")
barcl = input(true, title="Bar Color")
//ema
fema = ema(src, flen)
sema = ema(src, slen)
tema = ema(src, tlen)
//color
wcolor = tema > fema ? tema > sema ? color.green : color.orange :
tema > sema ? color.orange : color.red
eba = input(false, title="Enable colors")
barcolor(eba ? wcolor : na, title="Bar Colours")
//plot
plotcandle(fema, sema, tema, close, title='Title', color=wcolor, wickcolor=color.black)
avg_1 = avg(tema, fema)
plotshape(tema >= fema ? avg_1 : na, style=shape.triangleup, size=size.large, color=color.green, location=location.abovebar, show_last=1)
avg_2 = avg(tema, fema)
plotshape(fema >= tema ? avg_2 : na, style=shape.triangledown, size=size.large, color=color.red, location=location.abovebar, show_last=1)
avg_3 = avg(tema, fema)
alertcondition(tema >= fema ? avg_3 : na, title='Alert on Green Bar', message='Green Bar!')
avg_4 = avg(tema, fema)
alertcondition(fema >= fema ? avg_4 : na, title='Alert on Red Bar', message='Red Bar!')
var testTable = table.new(position=position.top_right, columns=1, rows=1, bgcolor=color.yellow, border_width=1)
if barstate.islast
table.cell(table_id=testTable, column=0, row=0, text='EMA ' + tostring(fema))
Overview
The 30-period EMA serves as the open, the 15-period EMA as the high, and the 10-period EMA as the low, with the original close value. Bar colors change based on comparisons between the 10-period EMA and the 30-period EMA, and optionally the 15-period EMA. Upward and downward triangular markers appear above the bars to signal when the 10-period EMA crosses above or below the 30-period EMA. Settings allow adjustment of the three EMA lengths, selection of data source, and toggling of bar color display. A table shows the current 30-period EMA value at the top right of the chart.
- Multiple EMA Candle Plot
- Color Based on EMA Comparison
- Triangle Markers
- Customizable EMA Lengths
- Alert Conditions
Details
Published by
minaecer on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
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
pinescriptpinescript-indicatorstrades
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| 1st Length | int | 30 | flen |
| 2st Length | int | 15 | slen |
| 3nd Length | int | 10 | tlen |
| Source | source | close | src |
| Bar Color | bool | true | barcl |
| Enable colors | bool | false | eba |
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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