This indicator colours the price candles based off their positioning relative to the 34 EMA of price highs and lows. If price is above the 34 EMA of price highs, the bars are coloured green. If price is below the 34 EMA of price lows they are coloured Red. If price is between these two EMA´s the candles are coloured Blue.

a=exponentialaverage [34] (high)
b=exponentialaverage [34] (low)

 
 
if close > a Then
DRAWCANDLE(open, high, low, close)COLOURED(0,255,0)

endif
 
if close<b  then
DRAWCANDLE(open, high, low, close)COLOURED(255,0,0)

endif
 
if ( close >b and close<a)  then
DRAWCANDLE(open, high, low, close)coloured(0,0,255)

endif
 
RETURN

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Filename: RAGHEE-HORNER-GRAB-CANDLES.itf

Downloads: 123

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