DislikedIndicator request for MT4. Looking for a color bar indicator that accounts for 3 moving averages. 34 EMA High and 34 EMA Low and a 55 EMA close. If the 55 EMA close is above the 34 EMA high and 34 EMA low then color bar is Green and if the the 55 close ema is below the the 34 period EMA high and Low then color bar indicator would be red. If the 55 EMA close is between the two 34 Hi and Lo periods, then the color bar would be gray. Would like the ability to try different averages and period lengths. This indicator would be for a quick visual reference...Ignored
i think DZ (dynamic zones) or DDZ (double dynamic zones) or FL (floating levels) and DC (donchian channel) can perform better than HiLo channel but you knows better