[RT] Gen - T3AvgColor

["BobR" <bobrabcd@xxxxxxxxxxxxx>]

This approach to color coding the trend of an indicator appeared on another
list.  Applying it to the T3Average may have some value when interpreting
price movement around those median lines.

Inputs: Price(close),Len1(3),Len2(-70),up(green),dwn(red);
var: dir(0);

if T3average(price,len1,len2)>T3average(price,len1,len2)[1] then dir=1;
if T3average(price,len1,len2)<T3average(price,len1,len2)[1] then dir= -1;

if dir>0 then setplotcolor[1](1,up);
if dir<0 then setplotcolor[1](1,dwn);

plot1(T3average(price,len1,len2),"T3Avg");

Credits to Clyde Lee and those who came before.

bobr

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Attachment: Description: "T3AVGC.ELS"

Attachment: Description: "T3AvgColor.gif"