A request that was addressed to ProRealTime:
On my chart set up I have created a wave consisting of: 34 ema on High of day coloured green , and 34 ema on close of day coloured red and bottom of wave is 34 ema on low of day coloured red
What I would like to add is a colour coded candle structure of the following:
if the close is above the 34 ema green line candle to be coloured Green
If the close is between the green top or wave and above the red bottom of wave candles to be coloured Blue
if the close is below the red line low the candle is to be coloured red
Can anybody please help me with how I can program this if it is possible on this platform
hope you can help regards
Suggestion for an anwser:
REM This code is compatible with ProRealTime v10.3 and above
Period=34
EMAHigh=ExponentialAverage[Period](High)
//EMAClose=ExponentialAverage[Period](close)
EMALow=ExponentialAverage[Period](Low)
if close > EMAHigh then
DRAWCANDLE(open, high, low, close) coloured(0,255,0)
elsif close <= EMAHigh and close >= EMALow then
DRAWCANDLE(open, high, low, close) coloured(0,0,255)
elsif close < EMALow then
DRAWCANDLE(open, high, low, close) coloured(255,0,0)
endif
return
