Dual Color MA

A clear trend indicator based on two moving averages with dynamic color change for quick visual assessment of market conditions.

How it works:
The indicator displays two moving averages (fast and slow) with customizable periods on the chart. The line colors change automatically based on the closing price position relative to the fast MA:

• If Price > fast MA, both lines turn green, indicating an uptrend.

• If Price < fast MA, both lines turn red, indicating a downtrend.

Key features:

• Instant trend direction recognition through color coding

• Can be used as dynamic support/resistance levels and for stop-loss placement

• Works on any timeframe and trading instrument

Input parameters:

• Timeframes  - Timeframe for indicator calculation (default: Current)

• MaPeriod_1  - Fast moving average period (default: 50)

• MaPeriod_2  - Slow moving average period (default: 100)

• MaShift  - Moving average shift (default: 0)

• MaMethod  - Averaging method (SMA, EMA, SMMA, LWMA)

• Price  - Applied price (Close, Open, High, Low, etc.)