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OPEN-SOURCE SCRIPT

Colored EMA

By ZenAndTheArtOfTrading
Updated
This is a modified version of the exponential moving average indicator to change color based on trend (red/bearish if price has closed below EMA, green/bullish if price has closed above EMA).
Release Notes
Made color change only after previous candle closed above/below EMA instead of current candle (looks better).
Release Notes
Minor improvements :)
Release Notes
Minor improvements
Release Notes
Updated to Pine Script version 4
Release Notes
Updated to Pine Script v5
colorcoloredcolourcolouredExponential Moving Average (EMA)exponentialMoving AveragesTrend Analysis

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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ZenAndTheArtOfTrading
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