EMA arrows

[Andygray8]

Thanks for all your help recently it's been super useful for me. Quick Q: for day trading purposes, is there a simple indicator that can be applied to my chart for the 1min aggregation, for example, that puts a small arrow when the Exponential Avg values are either greater or less than their previous candle?

Let me know, thanks!

Andy

 

[MerryDay]

is there a simple indicator that can be applied to my chart for the 1min aggregation, for example, that puts a small arrow when the Exponential Avg values are either greater or less than their previous candle?

plot ema21 = ExpAverage(close, 21);
ema21.assignValueColor(
if ema21 > ema21[1] then color.green else color.red);
ema21.SetLineWeight(3);


plot uparrow = if ema21 > ema21[1]  then low else double.NaN ;
uparrow.SetPaintingStrategy(PaintingStrategy.ARROW_up);
uparrow.SetDefaultColor(color.cyan) ;
uparrow.SetLineWeight(2);

plot dnarrow = if ema21 < ema21[1]    then high else double.NaN ;
dnarrow.SetPaintingStrategy(PaintingStrategy.ARROW_down);
dnarrow.SetDefaultColor(color.blue) ;
dnarrow.SetLineWeight(2);

 

[drasp]

Thanks for all your help recently it's been super useful for me. Quick Q: for day trading purposes, is there a simple indicator that can be applied to my chart for the 1min aggregation, for example, that puts a small arrow when the Exponential Avg values are either greater or less than their previous candle?

Let me know, thanks!

Andy

The MACD in essence does that, at least the histogram portion of it.