Repaints Daily Simple and Other Types Of MTF Moving Averages For ThinkOrSwim

[johnlist]

Im looking for a Daily moving average that can be used on lower time frames but also that shows an uptrend and downtrend with different colors.

 

[useThinkScript]

Sadly no. There is no simple way to add the daily trend color to your moving average.
These Trend Labels claim to provide trend per time period:
https://usethinkscript.com/threads/the-multi-10x-mtf-labels-indicator-for-thinkorswim.1129/

Here is a study to plot Higher Timeframe Simple and Other Types Of Moving Averages
Where trend is painted based on your higher timeframe where close is greater or lesser than previous close.

after you make your changes, click on "Save as default" to permanently set your preferences

# Daily Simple and Other Types Of Moving Averages

# Input parameters
input agg = AggregationPeriod.DAY;  #Change to your desired timeframe
input length = 20; # Change to your desired length of the moving average
input avgType = AverageType.SIMPLE;  #Change to your desired type of average
def price = close(period = agg);; # Price to use for the moving average
def bullish = close(period = agg) > close(period = agg)[1];

# Calculate and plot the moving average using MTF data
plot mtfMA = MovingAverage(averageType=avgTYPE, data=price, length=length);

# Define colors for rising and falling
mtfMA.DefineColor("Rising", Color.cyan);
mtfMA.DefineColor("Falling", Color.dark_RED);

# Determine if the moving average is rising or falling and assign the appropriate color
MTFma.AssignValueColor(
if bullish then MTFma.Color("Rising") else MTFma.Color("Falling"));
mtfma.SetLineWeight(2);

@johnlist @rad14733