Green bars when 8 ema crosses above the 20 ema.
Red bars when 8 ema crosses below the 20 ema.
These studies are based on the March 2009 article, Second Chance
Options , by Barbara Star PhD.
Red bars when 8 ema crosses below the 20 ema.
These studies are based on the March 2009 article, Second Chance
Options , by Barbara Star PhD.
//////////////////////////////////////////////////////////// // Copyright by HPotter v1.0 20/06/2014 // Up arrow when 8 ema crosses above the 20 ema. // Down arrow when 8 ema crosses below the 20 ema. // These studies are based on the March 2009 article, Second Chance // Options , by Barbara Star PhD. //////////////////////////////////////////////////////////// study(title="Arrows Indicator", overlay = true) LengthMA8 = input(8, minval=1) LengthMA20 = input(20,minval=1) xMA8 = sma(close, LengthMA8) xMA20 = sma(close, LengthMA20) pos = iff(xMA8[1] < xMA20[1] and xMA8 > xMA20 , 1, iff(xMA8[1] > xMA20[1] and xMA8 < xMA20, -1, nz(pos[1], 0))) barcolor(pos == -1 ? red: pos == 1 ? green : blue) plot(xMA8, color=red, title="MA8") plot(xMA20, color=blue, title="MA20")