Between Moving Averages


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Between Moving Averages

For example
Bullish pattern when Price is over EMA 21 and 55
Bearish pattern = when Price is under EMA 55 and 21

I've tried but I see errors in TOS
tried this formula:
input fastMALength = 21;
input slowMALength = 55;
input averageTypeFast = AverageType.Exponential;
input averageTypeSlow = AverageType.Exponential;
plot fastMA = MovingAverage(averageTypeFast, close, fastMALength);
plot slowMA = MovingAverage(averageTypeSlow, close, slowMALength);
AssignBackgroundColor(if close > fastMA then Color.DARK_GREEN else if close < slowMA then Color.DARK_RED else Color.Dark_ORANGE);

and saw error: Exactly one plot expected

please help!
Last edited by a moderator:
@mark0482 Try this -

input fastMALength = 21;
input slowMALength = 55;
input averageTypeFast = AverageType.Exponential;
input averageTypeSlow = AverageType.Exponential;

def fastMA = MovingAverage(averageTypeFast, close, fastMALength);
def slowMA = MovingAverage(averageTypeSlow, close, slowMALength);

def above = close > fastMA and close > slowMA;
def below = close < fastMA and close < slowMA;

AddLabel(1, if above then "Above" else if below then "Below" else "Between",;
AssignBackgroundColor(if above then Color.DARK_GREEN else if below then Color.DARK_RED else Color.Dark_ORANGE);

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fantastic job @Pensar !! thank you so much !! love you bro !!
btw , it's really good confirmation for daytrading (i watch D1 and H1 always)
I saw it at John Carter's videos, EMA 55 and 21 are the most important

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