GRaB Candles by mattlacoco with Murrey Math Midline
(use V1.1 now See links below)
GRaB candles and a murrey math "midline" in one script.
Some traders using methods of Rob Booker (40% club, trifecta5) like to use both GRaB candles and Murrey Math to combine, or to compare entry and exit moments.
Color of candles are as GRaB candles.
Midline use: Crossing the midline is a change of color in murrey. Candles closing above the midline would be green and below would be red as murrey candles.
Credits:
Original script of Raghee Horner's GRaB Candles by Matt Lacoco (BUY BLUE SELL RED).
Murrey Math Midline added by Harold van Berk (most code copied from "UCS_Murrey's Math Oscillator_V2" by ucsgears)
GRaB candles and a murrey math "midline" in one script.
Some traders using methods of Rob Booker (40% club, trifecta5) like to use both GRaB candles and Murrey Math to combine, or to compare entry and exit moments.
Color of candles are as GRaB candles.
Midline use: Crossing the midline is a change of color in murrey. Candles closing above the midline would be green and below would be red as murrey candles.
Credits:
Original script of Raghee Horner's GRaB Candles by Matt Lacoco (BUY BLUE SELL RED).
Murrey Math Midline added by Harold van Berk (most code copied from "UCS_Murrey's Math Oscillator_V2" by ucsgears)
study(title='Buy Blue Sell Red', shorttitle='BBSR', overlay=true) // plot midline from Murrey Math for trifecta entry and exit // Inputs length = input(100, minval = 10, title = "Look back Length") mult = input(0.125, title = "Mutiplier; Only Supports 0.125 = 1/8") lines = input(true, title= "Show Murrey Math Fractals") bc = input(true, title = "Show Bar Colors Based On Oscillator") // Donchanin Channel hi = highest(high, length) lo = lowest(low, length) range = hi - lo multiplier = (range) * mult midline = lo + multiplier * 4 plot (midline) // end MMM line // 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)
