I have this simple code that shows the long term trend of price with the integration of a Bollinger Band to have an exclusion zone.
Price though, might be entering briefly this band to then exit it again on the next candle, so I'd like to add another option that the first candle in the band retains the same background color of the previous candle.
It's probably a very easy solution but I guess it's still out of my grasp.
TIA
//@version=4
study(title="200SMA vs Price", shorttitle="MAvsP", overlay=false)
len = 200
src = close
out200 = sma(src, len)
plot(out200, color=color.blue, title="200SMA", linewidth=2)
mult = input(5.0, minval=0.001, maxval=50, title="StdDev", step=1)
dev = mult/10 * stdev(src, len)
upper = out200 + dev
lower = out200 - dev
plot(src, color=color.black, title="Price", linewidth=2)
bgcolor( (src > upper) ? #00FF00 :
(src < lower) ? #FF0000 :
(src > lower) and (src < upper) ? #FFFF00 :
na, transp=70)
bgcolor( (src > upper or (src[1] > upper[1] and (src > lower) and (src < upper))) ? #00FF00 :
(src < lower or (src[1] < lower[1] and (src > lower) and (src < upper))) ? #FF0000 :
(src > lower) and (src < upper) ? #FFFF00 :
na, transp=70)
Preservation of color on the first candle when entering the channel.