The GRaB candles are painted candles based on the relationship between the close of a candle and these averages.
- A candle paints green when it closes above the 34-bar EMA of the high.
- A candle paints red when it closes below the 34-bar EMA of the low.
- A candle paints blue when it closes between the 34-bar EMA of the high and 34-bar EMA of the low.
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Simpler Trading Propulsion Indicator
If the default Blue/Red candle coloring scheme is not desired, please turn off the Bar Color in the indicator settings.
Know whether to look for explosive buy setups, implosion sell setups, or to stay out of ‘fake out’ congestion zones.
Plus, know when volume is at least 50% above average to identify moves with home run potential. Currently this indicator is compatible with Think or Swim and TradeStation.
