Color Change MA Indicator Weanted for TS

[johngo 10]

Hi friends,

 

New to posting here, lurking for some time.

 

I am sure this indicator exists, but I cannot find it, so I'm asking here. (Moderators, if this would be better posted else where, please move it.)

 

I am simply after a moving average indicator for use in Tradestation that prints one color (say green) when in an uptrend, and another color (say red) when in a downtrend. A simple MA is fine, nothing fancy.

 

This simple visual aid must exist, can someone kindly point me to the code?

 

Thanks, and prosperity to all,

JohnGo

[BlueHorseshoe 10]

Hi friends,

 

New to posting here, lurking for some time.

 

I am sure this indicator exists, but I cannot find it, so I'm asking here. (Moderators, if this would be better posted else where, please move it.)

 

I am simply after a moving average indicator for use in Tradestation that prints one color (say green) when in an uptrend, and another color (say red) when in a downtrend. A simple MA is fine, nothing fancy.

 

This simple visual aid must exist, can someone kindly point me to the code?

 

Thanks, and prosperity to all,

JohnGo

 

Hi JohnGo,

 

The question would maybe be better posted in the TradeStation programming forum, but to be honest I'm guessing that I am now the only person left on TL who would answer your question, so . . .

 

I'm assuming that you know how to create an indicator if I write the code for you? If not then let me know.

 

I am also assuming that by "when in an uptrend" you mean that the MA itself is sloping upwards, rather than when price is above it. This will provide a smoother signal with fewer whipsaws.

 

inputs:price(close),length(100),upcol(green),dncol(red);
vars:avg(0);

avg=average(price,length);

plot1(avg);

if avg>=avg[1] then
setplotcolor(1,upcol)
else
setplotcolor(1,dncol);

 

 

Your indicator will need four inputs - the data to use for the average (defaults to close), the length of the average, the colour when the average is rising, and the colour when the average is falling.

 

Hope that helps!

 

BlueHorseshoe

[johngo 10]

Hello Mssr Blue,

 

That is precisely what I was after. I copied into TS, verified, and it's working perfecto.

 

I offer you my Big Thanks and best wishes for your trading prosperity. I've read many, many of your helpful posts in this forum and you a indeed a sharing and generous peson.

 

Merry Trading,

johngo