This indicator takes the SMA of the current 1 hour chart and the 15 minute chart of the current symbol.
When the close is below the SMA it shows a red line, when it is above it shows a green line.
When both are red, its in a down trend (Short).
When both lines are green, its in an uptrend (Long).
You can change the SMA in the settings.
Good luck!
When the close is below the SMA it shows a red line, when it is above it shows a green line.
When both are red, its in a down trend (Short).
When both lines are green, its in an uptrend (Long).
You can change the SMA in the settings.
Good luck!
study(title="TUX 1h-15m Time Trend", shorttitle="TUX 1h-15m Time Trend", overlay=true) len = input(50, minval=1, title="Length") src = input(close, title="Source") out = sma(src, len) s1 = security(ticker, "15", sma(close,len)) // 15 min s1c = iff(security(ticker, "15", sma(close,len)) > security(ticker, "15", close), red, green) plot(s1,linewidth=2, title="15 min", color=s1c) s2 = security(ticker, "60", sma(close,len)) // 1 hr s2c = iff(security(ticker, "60", sma(close,len)) > security(ticker, "60", close), red, green) plot(s2,linewidth=2, title="1 hr", color=s2c) sell = security(ticker, "15", sma(close,len)) > security(ticker, "15", close) and security(ticker, "60", sma(close,len)) > security(ticker, "60", close) plotshape(sell, color=red, style=shape.arrowdown, text="Sell", location=location.abovebar) buy = security(ticker, "15", sma(close,len)) < security(ticker, "15", close) and security(ticker, "60", sma(close,len)) < security(ticker, "60", close) plotshape(buy, color=green, style=shape.arrowup, text="Buy", location=location.belowbar)