2 MA + Strat Candle Colors

The "2 MA + Strat Candle Colors" indicator combines two customizable moving averages (MAs) with a strategic candle-coloring system to help traders analyze trends and price action. Here’s a breakdown of its features:

1. Two Moving Averages (MAs):
MA 1 & MA 2 Settings:

Users can select between 7 MA types for each line: SMA, EMA, WMA, HMA, VWMA, LSMA, SMMA.

Adjustable periods and price sources (e.g., close, open) for both MAs.

Default settings: MA 1 = 9-period EMA, MA 2 = 20-period EMA.

Plotting:

MA 1 is blue, MA 2 is red (colors customizable via inputs).

Crossovers between the MAs can signal trend changes.

2. Strategic Candle Coloring:
Candles are colored based on their relationship to the previous candle:

Green (Bullish): "Two-Up Bar" – current high > prior high, and low does not break prior low.

Red (Bearish): "Two-Down Bar" – current low < prior low, and high does not break prior high.

Purple (Outside Bar): "Three Bar" – current candle engulfs the prior candle (higher high and lower low).

Yellow (Inside Bar): "One Bar" – current candle is contained within the prior candle’s range.

Candle coloring is based on: https://tradingview.com/v/PWJRC2Nt/