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.
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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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