New C2 Trends Custom Indicator: 6 Price Averages w/ Colored Candles

The picture above shows the Price Average Indicator with 6 moving averages displayed as lines(3 exponential averages and 3 simple averages). Each price average line color can be changed individually, and each set of averages can be turned on/off from the main input tab of the indicator settings.

The picture above shows the Price Average Indicator with price candles that color-fill based on price trend. The default setting for the candle colors is the 8EMA; when price is above the 8EMA the candles will color green, and when price is below the 8EMA the candles will color fuchsia. The candle-coloring EMA can be set to any desired period, and candle colors can be turned on/off in the input tab of the settings menu.

The picture above shows the price averages in the 2-color setting: when price is above an average, the average will color-fill green. When price is below an average, the average will color-fill fuchsia. Averages can be turned on/off in the input tab of the indicator settings.

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3 EMA/SMA + Colored Candles[C2Trends] by C2Trends on TradingView.com

New C2 Trends Custom Indicator: Percent Price Oscillator w/ Colored Candles(PPO)

The Percent Price Oscillator ( PPO ) is a momentum oscillator that measures the difference between two moving averages as a percentage of the larger moving average. Similar to the Moving Average Convergence/Divergence( MACD ), the PPO is comprised of a signal line, a histogram and a centerline. Signals are generated with signal line crossovers, centerline crossovers, and divergences. Because these signals are no different than those associated with MACD , this indicator can be read exactly as the MACD is read. The main differences between the PPO and MACD are: 1) PPO readings are not subject to the price level of the security. 2) PPO readings for different securities can be compared, even when there are large differences in the price. MACD readings for different securities cannot be compared when there are large differences in price.

PPO Calculations:
Percentage Price Oscillator ( PPO ): {(12-day EMA – 26-day EMA )/26-day EMA} x 100
Signal Line: 9-day EMA of PPO
PPO Histogram: PPO – Signal Line

iPPO includes everything from standard PPO plus:
1) Plots for PPO /Signal line crosses.
2) Plots for PPO /0 level crosses.
3) PPO /Signal line gap color fill.
4) PPO /0 level gap color fill.
4) Background fill for PPO /Signal line crosses.
5) Background fill for PPO /0 level crosses.
6) Price candles colored based on PPO indicator readings.
7) All plots, lines and fill colors can be turned on/off individually from the ‘Input’ tab of the iPPO indicator settings menu.

Indicator Notes:
1) When the green PPO line is above the 0 level, intermediate to long-term price momentum can be considered bullish (begins w/yellow cross, green background).

2) When the green PPO line is below the 0 level, intermediate to long-term price momentum can be considered bearish (begins w/red cross, purple background).

3) Green PPO line above purple Signal line + both lines rising + both lines above 0 level = bullish short-term price momentum(begins w/ green dot above 0 level, green highlight).

4) Green PPO line below purple Signal line + both lines falling + both lines above 0 level = loss of short-term bullish price momentum(begins w/purple dot above 0 level, purple highlight).

5) Green PPO line below purple Signal line + both lines falling + both lines below 0 level = bearish short-term price momentum(begins w/purple dot below 0 level, purple highlight).

6) Green PPO line above purple Signal line + both lines rising + both lines below 0 level = loss of short-term bearish price momentum(begins w/ green dot below 0 level, green highlight).

7) Price candles are colored lime when the PPO line is above the Signal line and both lines are above the 0 level.

8) Price candles are colored green when the PPO line is below the Signal line and both lines are above the 0 level.

9) Price candles are colored fuschia when the PPO line is below the Signal line and both lines are below the 0 level.

10) Price candles are colored purple when the PPO line is above the Signal line and both lines are below the 0 level.

11) Price candles are colored gray when the green PPO line is within a set % of the 0 level. This value can be set manually in the indicator settings. The default value is 0.25% to ensure smooth candle color transition between timeframes, charts, sectors and markets. Adjust value up or down if gray candles are absent or too abundant. Gray candles should mostly only appear during periods of price consolidation(flat/sideways price movement), or just before a significant move up or down in price.

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Improved Percent Price Oscillator w/ Colored Candles[C2Trends] by C2Trends on TradingView.com