OPEN-SOURCE SCRIPT
MCR Candles Indicator
This indicator will do the following:
For a bearish blue momentum candle:
1. The candle must be a bearish candle.
2. Price must be trading below the 20ema.
3. The body of the candle must be larger than the ATR 7 period.
4. Make the color of the candle that meets these three criteria blue.
For a bullish yellow momentum candle:
1. The candle must be a bullish candle.
2. Price must be trading above the 20ema.
3. The body of the candle must be larger than the ATR 7 period.
4. Make the color of the candle that meets these three criteria yellow.
For a bearish blue momentum candle:
1. The candle must be a bearish candle.
2. Price must be trading below the 20ema.
3. The body of the candle must be larger than the ATR 7 period.
4. Make the color of the candle that meets these three criteria blue.
For a bullish yellow momentum candle:
1. The candle must be a bullish candle.
2. Price must be trading above the 20ema.
3. The body of the candle must be larger than the ATR 7 period.
4. Make the color of the candle that meets these three criteria yellow.
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