Raghee Horner 34 EMA Wave & Grab Candles

[henry1224]

Here is an interesting system From Raghee Horner

34 EMA Wave {Plot on Price}


HB:EMA(High,34),width2,ColorGreen;
CB:EMA(Close,34),width2,ColorBlue;
LB:EMA(Low,34),width2,ColorRed;




Here is the Grab Candle Binary{Plot in it's own window}

HB:=EMA(High,34),width2,ColorGreen;
CB:=EMA(Close,34),width2,ColorBlue;
LB:=EMA(Low,34),width2,ColorRed;
Bullish:If(C>HB,1,0),width2,ColorGreen;
Bearish:If(C<LB,1,0),width2,ColorRed;
Neutral:If(C<HB & C>LB,1,0),width2,ColorBlue;
FILLRGN(Bullish ==1,1,0),ExtendLR,Brush#95008000;
FILLRGN(Bearish ==1,1,0),ExtendLR,Brush#95FF0000;
FILLRGN(Neutral ==1,1,0),ExtendLR,Brush#9500FFFF;


Here is the Bullish event

HB:=EMA(High,34),width2,ColorGreen;
CB:=EMA(Close,34),width2,ColorBlue;
LB:=EMA(Low,34),width2,ColorRed;
Bullish:=If(C>HB,1,0),width2,ColorGreen;
Bearish:=If(C<LB,1,0),width2,ColorRed;
Neutral:=If(C<HB & C>LB,1,0),width2,ColorBlue;
Event:CrossAbove(Bullish,.5);


Here is the Neutral event

HB:=EMA(High,34),width2,ColorGreen;
CB:=EMA(Close,34),width2,ColorBlue;
LB:=EMA(Low,34),width2,ColorRed;
Bullish:=If(C>HB,1,0),width2,ColorGreen;
Bearish:=If(C<LB,1,0),width2,ColorRed;
Neutral:=If(C<HB & C>LB,1,0),width2,ColorBlue;
Event:CrossAbove(Neutral,.5);


Here is the Bearish event

HB:=EMA(High,34),width2,ColorGreen;
CB:=EMA(Close,34),width2,ColorBlue;
LB:=EMA(Low,34),width2,ColorRed;
Bullish:=If(C>HB,1,0),width2,ColorGreen;
Bearish:=If(C<LB,1,0),width2,ColorRed;
Neutral:=If(C<HB & C>LB,1,0),width2,ColorBlue;
Event:CrossAbove(Bearish,.5);