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Consensio with colouring
Consensio MA - Short MA with Colouring
This is a trend-following indicator based on the stacking order of three Simple Moving Averages (SMAs) to determine market consensus and visualize strength using a monochrome scale.
Key Features:
Three Customizable SMAs:
Fast MA (Default: 2)
Standard MA (Default: 7)
Slow MA (Default: 30)
Consensus Index:
The indicator assigns a score from +3 (Strongest Buy) to -3 (Strongest Sell) based on the MAs' vertical order (e.g., Fast > Standard > Slow is +3).
Monochrome Bar Colouring:
Bullish Consensus (+1 to +3): Bars are coloured in shades of White to Light Gray.
Bearish Consensus (-1 to -3): Bars are coloured in shades of Black to Dark Gray.
The intensity of the colour directly reflects the strength of the consensus.
Dynamic MA Line Colouring:
Fast MA: Changes colour upon crossing the Standard or Slow MA to signal short-term momentum shifts.
Standard MA: Changes to Green/Red when crossing the Slow MA.
Slow MA: Changes to Green/Red only when the strongest consensus (+3 or -3) is achieved.
How to Interpret:
Strong Bullish Trend (+3): MAs are perfectly aligned (Fast > Standard > Slow) and the bar is pure White.
Strong Bearish Trend (-3): MAs are perfectly reversed (Slow > Standard > Fast) and the bar is pure Black.
Contradictory Signals: Use the Fast MA's colour changes (Dark Green/Red) to spot immediate momentum changes even if the bar colour indicates a weaker trend.
This is a trend-following indicator based on the stacking order of three Simple Moving Averages (SMAs) to determine market consensus and visualize strength using a monochrome scale.
Key Features:
Three Customizable SMAs:
Fast MA (Default: 2)
Standard MA (Default: 7)
Slow MA (Default: 30)
Consensus Index:
The indicator assigns a score from +3 (Strongest Buy) to -3 (Strongest Sell) based on the MAs' vertical order (e.g., Fast > Standard > Slow is +3).
Monochrome Bar Colouring:
Bullish Consensus (+1 to +3): Bars are coloured in shades of White to Light Gray.
Bearish Consensus (-1 to -3): Bars are coloured in shades of Black to Dark Gray.
The intensity of the colour directly reflects the strength of the consensus.
Dynamic MA Line Colouring:
Fast MA: Changes colour upon crossing the Standard or Slow MA to signal short-term momentum shifts.
Standard MA: Changes to Green/Red when crossing the Slow MA.
Slow MA: Changes to Green/Red only when the strongest consensus (+3 or -3) is achieved.
How to Interpret:
Strong Bullish Trend (+3): MAs are perfectly aligned (Fast > Standard > Slow) and the bar is pure White.
Strong Bearish Trend (-3): MAs are perfectly reversed (Slow > Standard > Fast) and the bar is pure Black.
Contradictory Signals: Use the Fast MA's colour changes (Dark Green/Red) to spot immediate momentum changes even if the bar colour indicates a weaker trend.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.