Can someone explain to me how I am able to calculate the EMA of only the RED or GREEN candle wicks in MQL5?
So I have the PineScript code because my MQL5 code isn’t as clear.
Thanks in advance for taking the time to look over my question.
// defining what direction a candle has
greenCandle = (close > open)
redCandle = (close < open)
// defining what the upper/lower wick of a candle is
UMA = if close > open
high - close
else
high - open
LMA = if close > open
low - open
else
low - close
// calculating the exponential moving average of the upper/ lower wick
UMAX = ta.ema(UMA, 9)
LMAX = ta.ema(LMA, 9)