Editors' picksOPEN-SOURCE SCRIPTSeparated Moving Average - evo
Here are two moving averages, one based on positive candles and the other based on negative candles. If the current bar is positive, the negative MA will use its last known negative bar for the calculation. The default setting uses Heikin Ashi to smooth the candles with the trend, you can turn this off if you want in inputs.
Let me know if you find it useful :)
Let me know if you find it useful :)
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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