MA20 Dual Color Line Indicator

MA20 Dual Color Line Indicator

The MA20 Dual Color Line is a simple yet effective moving average indicator designed to help traders quickly visualize price trends and potential reversal points. It plots a 20-period Simple Moving Average (SMA) that changes color based on the relationship between the current closing price and the moving average itself.

🔶 How It Works
When the close price is above the MA20, the moving average line turns green, suggesting a potential bullish trend.

When the close price is below the MA20, the line turns red, indicating a possible bearish trend.

If the price is exactly at the MA20, the line remains white, highlighting a neutral or decision point.

📈 Ideal For
Identifying trend direction at a glance

Spotting support and resistance levels around the MA20

Enhancing visual analysis without cluttering the chart

🛠 Features
Clean and customizable line width

Real-time color switching based on price action

Overlay display to keep charts organized

This indicator is perfect for traders who prefer a clear, color-coded visual aid to complement their trading strategy. Whether you’re a beginner or an experienced trader, the MA20 Dual Color Line helps you stay aligned with the short-term trend.