Plots , With Optional as a Filter.
In Inputs Tab:
Ability to Turn On/Off Filter.
Ability to change any of the plots to Change Colors Based on Being Above or Below the Filter.
Also Ability to Turn Off Color Change Based on Filter.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.
//Created by user ChrisMoody on 11-30-2014 //Williams AD + SMA of Williams AD + Change Colors based on Williams AD above or below SMA //Williams AD = Solid Line, SMA = Circles and Solid Line.. study(title = "_CM_Williams AD+SMA_V1", shorttitle="_CM_WAD_SMA_V1", overlay=false) len = input(20, minval=1, title="SMA Length") sc = input(true, title="Change Williams AD Color Based on Below/Above SMA?") sm = input(true, title="Plot SMA?") smc = input(false, title="Change Williams SMA Color Based on Below/Above SMA?") trl = min(close, low) trh = max(close, high) ad = close > close ? close - trl : close < close ? close - trh : 0 wad = cum(ad) ma = sma(cum(ad), len) spanColor = sc and wad >= ma ? lime : sc and wad < ma ? red : aqua spanColor2 = smc and wad >= ma ? lime : smc and wad < ma ? red : yellow p1 = plot(wad, title="Williams AD", style=line, linewidth=4, color=spanColor) p2 = plot(sm and ma ? ma : na, title="SMA Line",style=linebr, linewidth=4, color=spanColor2) plot(sm and ma ? ma : na, title="SMA Circles",style=circles, linewidth=3, color=spanColor2) fill(p1, p2, color=silver, transp=60, title="Fill")
Thank's for your great work!
I have a question about this indicator...Shouldn't it take into account volume as described in the original version of the indicator?
For reference: http://www.investopedia.com/terms/a/accumulationdistribution.asp
Thank you for your time and please keep posting your great work here on tradingview.com :)
Works very well with trend lines on it !