MA with colour

MA Directional Colour Indicator

This tool plots a simple moving average (SMA) on your chart. It is set to 50MA by default but can be changed to any timeframe you like.

The indicator will dynamically change colour based on the direction of the moving average. When the SMA is rising (indicating bullish momentum), it turns blue. Conversely, when the SMA is falling (indicating bearish momentum), it turns orange. This colour-coding offers a visual representation of the market trend, making it easier for traders to quickly identify potential buying or selling opportunities based solely on the moving average's direction.

Key Features:

Visualizes the 50-period SMA. You can change it to display any time period you like.
Dynamically changes colour based on SMA direction.
Helps traders quickly gauge market momentum.