Snapshots
How it works
- barcolor paints every candle green when the close is above the moving average and red when it is below.
- An orange circle marks candles whose volume is more than twice the 20-candle average volume.
- Create an alert on "Simple Trend Painter" and pick "Price crossed average".
Settings
| Setting | Default | What it does |
|---|---|---|
| Average length | 20 | How many candles the moving average uses |
Source code
In TradingView: open the Pine Editor, create a new indicator, paste the code, then click "Add to chart".
//@version=6 indicator("Simple Trend Painter", overlay = true) // 1. A setting you can change length = input.int(20, "Average length", minval = 1) // 2. The average closing price of the last candles average = ta.sma(close, length) // 3. A yes/no question: is price above the average? isAbove = close > average // 4. Paint every candle: green if yes, red if no barcolor(isAbove ? color.green : color.red) // 5. Draw the average as a blue line plot(average, "Average", color.blue, 2) // 6. Find unusually busy candles (volume spike) avgVolume = ta.sma(volume, 20) bigVolume = volume > avgVolume * 2 plotshape(bigVolume, "Big volume", shape.circle, location.abovebar, color.orange) // 7. Alert when price crosses the average crossed = ta.cross(close, average) alertcondition(crossed, "Price crossed average", "{{ticker}} crossed its average")
Watch it built
This script is written and explained step by step in the video lesson.
Need a custom indicator or strategy?
Non-repainting Pine Script v6, backtested with real costs, alert and webhook ready. Fixed quote within 24 hours.