Zimpact Custom Colors

Zimpact Custom Colors – Buy/Sell Signals with Personalized Styling
Description:

This script is an enhanced version of the Zimpact indicator, designed to deliver clear Buy and Sell signals with the added flexibility of customizable line and background colors. The indicator combines two variants of the Hull Moving Average (HMA and a modified HMA) to detect trend changes and provide visually intuitive trading cues.

Key Features:
Dynamic line coloring: Lines automatically change color depending on trend direction (up/down).

Customizable colors: Users can set their own line colors and background transparency.

Clear Buy/Sell signals: Label markers highlight crossover points for potential entries.

Built-in alerts: Receive alerts when Buy or Sell signals are triggered.

How the Indicator Works:
Two HMAs are calculated: a standard and a modified version.

A Buy signal appears when the modified HMA crosses above the standard HMA.

A Sell signal appears when the modified HMA crosses below the standard HMA.

Line and background colors adapt dynamically to trend direction.

All visual elements can be adjusted via user input settings.

Adjustable Inputs:
Price source (hl2, close, etc.)

Period and shift for HMA calculations

Toggle Buy/Sell labels on or off

Colors for bullish and bearish trends

Background fill transparency (0% to 100%)

Who It's For:
This indicator is ideal for swing and intraday traders seeking a visually simple yet informative tool for trend detection and trade entries.

Note: This is not financial advice. Always use additional tools and perform your own analysis before entering a trade.