JustUncleL

EMA Wave and GRaB Candles by JustUncleL

This is a specialised Price Action Channel (PAC) or Wave that mirrors the indicator used by Raghee Horner, the "34EMA Wave and GRaB Candles".

The Wave consist of:

The GRaB candles colour scheme:
  • Lime = Bull candle closed above Wave
  • Green = Bear candle closed above Wave
  • Red = Bull candle closed below Wave
  • DarkRed = Bear candle closed below Wave
  • Aqua = Bull candle closed inside Wave
  • Blue = Bear candle closed inside Wave

Optionally display a trend direction indication along bottom of chart.

References:
For some details on how Raghee uses this indicator check out this:
https://www.forexfactory.com/showthread.php?t=492080
Also her various training and webinar videos on Youtube

Note: This code is licensed under open source GPLv3 terms and conditions. Any modifications to it should be made public and linked to the original code.
즐겨찾기 스크립트에서 빼기 즐겨찾기 스크립트에 넣기
JustUncleL

코멘트

Great system, thank you for sharing! On what time-frame would you recommend using it? Also, any oscillators which could complement it?
응답
@MRZSKV, Personally I would recommend the higher time frames, at least hourly charts. Where you use lower time frames is up to the trader's preferences. I don't personally like to use oscillators much, I prefer to use the chart's price action to determine trading preferences, so I would recommend something like my "Pivot HiLo" as a helper.
+1 응답
MRZSKV JustUncleL
@JustUncleL, Thank you for your reply. I'm currently testing the system on the 15m TF with the EMA set to 20 and Darvas Box-type indicator. Also added a CCI set to 20 just to see how it performs. Looksing good, so far.
응답
MRZSKV MRZSKV
+1 응답
MRZSKV MRZSKV
looking good*
응답
Very nice work. I use a version of Raghee Horner's method on MT4 and it works well. This is a nice addition to TradingView.
응답
u must be tired of getting comments like u r awesome.. thanks.. fantastic work... great coding... well watelse could we say for the things u do..
응답
JustUncleL MONEYMENOW
@MONEYMENOW, Thankyou, the new TradingView script publishing system, where you only need to release one script and then after that just update them, rather than the old way of constant duplicates. This allows me update scripts and implement bug fixes quickly, without the worry that I have too many duplicates of the same script.
+1 응답
Nice and good one
응답
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 프렌드 리퍼하기 하우스룰(내부규정) 헬프 센터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 라이트웨이트 차팅 라이브러리 블로그 & 뉴스 트위터
프로화일 프로화일설정 계정 및 빌링 프렌드 리퍼하기 나의 서포트 티켓 헬프 센터 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃