Help With Price Action Study

[METAL]

I am trying to create an indicator that colors the buy/sell candles if these conditions are met.
I have been testing this on a 15m TF and it is extremely accurate.
Condition is as follows:
#Buy Signal-
1) Must have a red candle.
2) next (Green) candle must open lower than high of RED candle, It must also move lower than RED candle Low, It Must close Higher than the close of Red Candle, It must Close Lower than the open of the RED candle.
3) 8EMA - Green Candle Must Close Above the 8EMA
4) Color Candle White.

#Sell Signal-
1) Must have a Green candle.
2) next (RED) candle must open Higher than Low of Green candle, It must also move Higher than Green candle high, It Must close Lower than the close of Green Candle, It must Close Higher than the open of the Green candle.
3) 8EMA - Green Candle Must Close Below the 8EMA
4) Color Candle Yellow.

This is what I have done so far. Can someone add the EMA condition
Also, Any input appreciated.

# Define conditions for the red candle
def isRedCandle = close < open;
def isRedCandleWithinGreen = high > high[1] and close < close[1] and close > open[1] and open > low[1] and low > low[1];

# Define conditions for the green candle
def isGreenCandle = close > open;
def isGreenCandleWithinRed = low < low[1] and close > close[1] and close < open[1] and open < high[1] and high < high[1];

#EMA Condition
#def ema =
# Assign colors to candles based on conditions
#Sell Signal
AssignPriceColor(if isGreenCandle then color.current else if isRedCandleWithinGreen then color.yellow else color.current);

#Buy Signal
AssignPriceColor(if isRedCandle then color.current else if isGreenCandleWithinRed then color.white else color.current);

.
I would like it to be optional if possible. I would like to have a "Use EMA" Yes/No.

 

[halcyonguy]

I am trying to create an indicator that colors the buy/sell candles if these conditions are met.
I have been testing this on a 15m TF and it is extremely accurate.
Condition is as follows:
#Buy Signal-
1) Must have a red candle.
2) next (Green) candle must open lower than high of RED candle, It must also move lower than RED candle Low, It Must close Higher than the close of Red Candle, It must Close Lower than the open of the RED candle.
3) 8EMA - Green Candle Must Close Above the 8EMA
4) Color Candle White.

#Sell Signal-
1) Must have a Green candle.
2) next (RED) candle must open Higher than Low of Green candle, It must also move Higher than Green candle high, It Must close Lower than the close of Green Candle, It must Close Higher than the open of the Green candle.
3) 8EMA - Green Candle Must Close Below the 8EMA
4) Color Candle Yellow.

This is what I have done so far. Can someone add the EMA condition
Also, Any input appreciated.

# Define conditions for the red candle
def isRedCandle = close < open;
def isRedCandleWithinGreen = high > high[1] and close < close[1] and close > open[1] and open > low[1] and low > low[1];

# Define conditions for the green candle
def isGreenCandle = close > open;
def isGreenCandleWithinRed = low < low[1] and close > close[1] and close < open[1] and open < high[1] and high < high[1];

#EMA Condition
#def ema =
# Assign colors to candles based on conditions
#Sell Signal
AssignPriceColor(if isGreenCandle then color.current else if isRedCandleWithinGreen then color.yellow else color.current);

#Buy Signal
AssignPriceColor(if isRedCandle then color.current else if isGreenCandleWithinRed then color.white else color.current);

.
I would like it to be optional if possible. I would like to have a "Use EMA" Yes/No.

see if this is correct...
i basically started over. copy each rule then make a formula for it.
i think the sell ema was wrong, so i changed it

can choose yes/no to use the EMA comparison

#price_action_add_ema

#https://usethinkscript.com/threads/help-with-price-action-study.17318/
#Help With Price Action Study
#METAL  Nov 30, 2023

#I am trying to create an indicator that colors the buy/sell candles if these conditions are met.
#I have been testing this on a 15m TF and it is extremely accurate.

#I would like it to be optional if possible. I would like to have a "Use EMA" Yes/No.

#Condition is as follows:
#Buy Signal-
#1) Must have a red candle.
#2) next (Green) candle must open lower than high of RED candle, It must also move lower than RED candle Low, It Must close Higher than the close of Red Candle, It must Close Lower than the open of the RED candle.
#3) 8EMA - Green Candle Must Close Above the 8EMA
#4) Color Candle White.


#Sell Signal-
#1) Must have a Green candle.
#2) next (RED) candle must open Higher than Low of Green candle, It must also move Higher than Green candle high, It Must close Lower than the close of Green Candle, It must Close Higher than the open of the Green candle.
#3) 8EMA - Green Candle Must Close Below the 8EMA
#4) Color Candle Yellow.

#This is what I have done so far. Can someone add the EMA condition


input Use_EMA = yes;

#----------------------------

def na = double.nan;
def bn = barnumber();

def data = close;
input avg1_type = AverageType.exponential;
input avg1_length = 8;
def avg1 = MovingAverage( avg1_type , data , avg1_length );

input show_average_line = yes;
plot zavg1 = if show_average_line then avg1 else na;



#------------------------------
# buy , red then green
# #1  conditions for the red candle
def isRed = close < open;

# 2) next candle is green and,
#   open lower than high of RED candle,
#   move lower than RED candle Low,
#   close Higher than the close of Red Candle,
#   Close Lower than the open of the RED candle.
def green_red = open < high[1] and low < low[1] and close > close[1] and close < open[1];

#3) 8EMA - Green Candle Must Close Below the 8EMA
def green_ema = close < avg1;

#4) Color Candle White.
def bar_white = (isred[1] and green_red and (if Use_EMA then green_ema else 1));

#------------------------------

# sell , green then red
#1) Must have a Green candle.
def isgreen = close > open;

# 2) next candle is red and,
#   open Higher than Low of Green candle,
#   move Higher than Green candle high,
#   close Lower than the close of Green Candle,
#   Close Higher than the open of the Green candle.
def red_green = open > low[1] and high > high[1] and close < close[1] and close > open[1];

#3) 8EMA - red Candle Must Close above the 8EMA
def red_ema = close > avg1;

#4) Color Candle Yellow.
 def bar_yellow = (isgreen[1] and red_green and (if Use_EMA then red_ema else 1));

#------------------------------

AssignPriceColor(if bar_white then color.white else if bar_yellow then color.yellow else color.current);
#