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RFQ - Modify GRaB Candles to use EMA instead of price
Started:November 3rd, 2016 (02:26 PM) by Heph333 Views / Replies:99 / 1
Last Reply:November 15th, 2016 (07:53 PM) Attachments:3

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RFQ - Modify GRaB Candles to use EMA instead of price

Old November 3rd, 2016, 02:26 PM   #1 (permalink)
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RFQ - Modify GRaB Candles to use EMA instead of price

I would like a quote from somebody to make a simple modification to the attached indicator.

It is Raghee's GRaB candles. It plots an EMA channel: upper on EMA(high), lower on EMA(low). It paints the bar red when last price is below the lower, Green when it is above the upper and gray when it is in-between.

I would like it modified to paint the bars when a faster EMA (I use 21) instead of price is above, below or inside the 34 EMA channel.

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Old November 15th, 2016, 07:53 PM   #2 (permalink)
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FIO member @sagor was kind enough to send me the modified indicator. I've attached it for anyone to use as they wish. I mainly use it to keep me reminded of the immediate trend. But a problem I've always had was that most trend indicators are binary up or down. This allows for a null zone where direction is ambiguous.




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