samtsui

I_Heikin Ashi Candle

When apply a strategy to Heikin Ashi Candle chart (HA candle), the strategy will use the open/close/high/low values of the Heikin Ashi candle to calculate the Profit and Loss, hence also affecting the Percent Profitable, Profit Factor, etc., often resulting a unrealistic high Percent Profitable and Profit Factor, which is misleading. But if you want to use the HA candle's values to calculate your indicator / strategy, but pass the normal candle's open/close/high/low values to the strategy to calculate the Profit / Loss, you can do this:

1) set up the main chart to be a normal candle chart
2) use this indicator script to plot a secondary window with indicator looks exactly like a HA-chart
3) to use the HA-candle's open/close/high/low value to calculate whatever indicator you want (you may need to create a separate script if you want to plot this indicator in a separate indicator window)
Mã nguồn mở

Với tinh thần của TradingView, tác giả đã xuất bản tập lệnh theo mã nguồn mở, vì thế trader có thể dễ dàng hiểu và tùy chỉnh được. Bạn có thể sử dụng miễn phí, hoặc tùy chỉnh lại mã đã được cấp phép bởi Quy tắc Chung. Bạn có thể sử dụng nó trên biểu đồ.

Bạn muốn sử dụng tập lệnh này trên biểu đồ?
//@version=2
// Note:
//   if you only want to see the Heikin Ashi Candle but not the normal Candle,
//   change the overlay option to overlay=true, then hide the normal Candle
study("I_Heikin Ashi Candle", shorttitle="I_HA Candle", overlay=false)


// --------------- Calculating HA Candle's values
//  -- you can use either one of the methods below, they give the same values

//   Method 1 - calculate the HA candle's value by formula
haclose = (open + high + low + close) / 4
haopen = na(haopen[1]) ? (open + close) / 2 : (haopen[1] + haclose[1]) / 2
hahigh = max(high, max(haopen, haclose))
halow = min(low, min(haopen, haclose))

//   Method 2 - calculate the HA candle's value by pine script function heikinashi()
// haclose = security(heikinashi(tickerid), period, close)
// haopen = security(heikinashi(tickerid), period, open)
// hahigh = security(heikinashi(tickerid), period, high)
// halow = security(heikinashi(tickerid), period, low)



// --------------- Using HA Candle's values to define indicators

// then use the haclose, haopen, hahigh, halow to calculate whatever indicators you want:
// e.g.

// 1. stochastic
// k = sma(stoch(haclose, hahigh, halow, 14), 3)
// d = sma(k, 3)

// 2. sma
// sma14 = sma(haclose, 14)

// 3. ema
// ema14 = ema(haclose, 14)

// --------------- Plotting
plotcandle(haopen, hahigh, halow, haclose, title='Heikin-Ashi', color=(haopen < haclose) ? green : red, wickcolor=gray)
// END

Bình luận

Thank you for thinking about this. Very useful. I don't know how else to express my gratitude to you :-).
+1 Phản hồi
Hi all, this script is probably not working in version 4 script now, a gentleman @allanster has updated the script in this link:
Phản hồi
It's strange because HA plotted by TV do not match HA plotted by your script, I took a screenshot but cannot attach it.

But I think it may be a problem with TV plotting... I wrote and rewrote a script several times checking multiple sources but the data never matches exactly what's displayed by TV.
Phản hồi
ildarius ildarius
@ildarius, hopefully this attach will work, you can see the candle plotted by TV is much larger than your candle (underneath) https://imgur.com/a/f8Ldve5
Phản hồi
ildarius ildarius
@ildarius, oh lord... 2am here and brain's offline. NM it works perfect
Phản hồi
samtsui ildarius
@ildarius, I haven't worked on the script for a long time so I have forgotten a lot about its features. However, without checking the details, my first thought is that in your attached file (not a full screenshot) I guess your main chart is already a HA chart, and the secondary chart is generated by my script (I guess?), so it becomes a HA chart of a HA chart, which of course look different and it is not what you want.

To compare them you need to open two chart window, one using TV HA chart and one using a normal chart and generating the HA chart using the script. Hope it makes sense.
Phản hồi
ildarius samtsui
@samtsui, no my screenshot showed regular candles on top haha, script works just fine. It's my mistake
Phản hồi
For example I like to put ema on Heikin Ashi chart with HA data
But in buy sell signals i like to use orignal candlestic data can you suggest me any idea
Thanks in advance
Phản hồi
can this be done for Renko chart types as well?
Phản hồi
Method 1 is not working in Pine script version 3
Phản hồi