Jerry McGuire

A custom indicator created by James on TrendSpider. You can import this custom indicator into your TrendSpider account. Don't have TrendSpider? Create an account first, then import the custom indicator.

This indicator uses the 8 and 21 EMA.

Price > 8 EMA and 21 EMA --- green

Price > 8 EMA & Price < 21 EMA -- yellow

Price < 8 EMA & Price > 21 EMA -- orange

Price < 8 EMA & Price < 21 EMA -- red

Source code

This indicator had been implemented by James in JavaScript on TrendSpider. Check out the developer documentation to learn more about JS on TrendSpider.

describe_indicator("Jerry McGuire");
// Define lengths for EMAs
const lengthShort = 8; // 8 period EMA
const lengthLong = 21; // 21 period EMA

// Calculate EMAs
const emaShort = ema(close, lengthShort);
const emaLong = ema(close, lengthLong);

// Define candle colors based on conditions
const candleColors = for_every(close, emaShort, emaLong, (price, shortEMA, longEMA) => {
    if (price > shortEMA && price > longEMA) {
        return 'green'; // Above both EMAs
    } else if (price > shortEMA && price < longEMA) {
        return 'yellow'; // Above 8EMA, below 21EMA
    } else if (price < shortEMA && price > longEMA) {
        return 'orange'; // Below 8EMA, above 21EMA
    } else if (price < shortEMA && price < longEMA) {
        return 'red'; // Below both EMAs
    } else {
        return null; // Default color if none of the conditions are met
    }
});

// Apply the color scheme to the candles
color_candles(candleColors);