Update to previous script.
Raghee Horners Wave and GRaB candles. Now show/hide the EMA "Wave". Paints candles according to close position relative to ema on high, low and close. Buy blue sell red.
Raghee Horners Wave and GRaB candles. Now show/hide the EMA "Wave". Paints candles according to close position relative to ema on high, low and close. Buy blue sell red.
study(title='Buy Blue Sell Red', shorttitle='BBSR', overlay=true) // vars emaPeriod = input(title="EMA Period", type=integer, defval=34) showWave = input(title="Show Wave", type=bool, defval=false) // build wave emaHigh = ema(high,emaPeriod) emaLow = ema(low,emaPeriod) emaClose = ema(close,emaPeriod) waveHigh = showWave == true ? emaHigh : na waveLow = showWave == true ? emaLow : na waveClose = showWave == true ? emaClose : na plot(waveHigh, title="EMA High",color=red ) plot(waveLow, title="EMA Low", color=blue) plot(waveClose, title="EMA Close", color=silver) // paint candles according to close position relative to wave barcolor(close < emaLow ? close > open ? red : maroon : close > emaHigh ? close > open ? blue : navy : close > open ? silver : gray)