This layout was inspired by the Andre Machado´s Tabajara set of rules. The adaptation are the following:
-Usage of Hull Average instead of simple moving average -Usage of 2 Averages instead of just one -Implementation of a "transition zone"
Average Candle Color p1 // p2 // Prior > // > // > Set Color 1 > // > // < Set in your layout settings color (down candle) > // < // > Set Color A1 > // < // < Set Color A2 < // > // > Set Color A1 < // > // < Set Color A2 < // < // > Set in your layout settings color (up candle) < // < // < Set Color 2
The A1 // A2 colors are for the transition zone.
Either the average 1 or the average 2 will be lower than the previous average.
This is a way to show how both averages are developing without having to look at 2 additional lines, making the layout more clear (at least, for me).
Feel free to comment
PS: Thank you for all the people who have implemented Machado´s work in pine editor