Follow the Color is a composite trend-and-momentum indicator that visually highlights shifts in market sentiment by coloring both price bars/candlesticks and a user-defined moving average, while also marking significant swing highs and lows via a built-in ZigZag.
T3-Smoothed RSI Coloring
– Calculates an RSI (default period 8) at each bar, then applies a T3 smoother (default period 21, curvature 0.326).
– When the T3 line crosses below the raw RSI, the body and wick are painted MediumSeaGreen (bullish); when it crosses above, they turn Crimson (bearish).Colored Moving Average
– Plots your choice of MA (e.g. SMA, EMA, LWMA, SMMA, LSMA) over any applied price (close, open, high, etc.) with a default period of 200.
– If the MA slope turns positive, it paints green dots; if negative, red dots. This lets you instantly see whether the longer-term trend is up or down.ZigZag Swing Arrows
– Identifies significant swing highs/lows using Depth (default 21), Deviation (8 points), and Backstep (3) parameters.
– Marks swing lows with a downward‐facing arrow and swing highs with an upward‐facing arrow.