K3 WTP Heikin Ashi Overlay & MA Cross

8 giờ trước

Indicator for WTP Group : Recreation of Bjorgum Theory

This is a very simple script for fun to demonstrate the new ability to change the colors of attributes pertaining to the plotbar() and plotcandle() functions using series inputs.

For Heiken Ashi lovers, this script does several things. It gives you both bars and hollow candles with Heikin Ashi values.

This Feature ALLOWS YOU TO BACKTEST WITH HEIKIN ASHI. you will have to "mute" the chart candles
'Muting' the main series bars by toggling the 👁 symbol next to your ticker id, it makes the normal candles invisible.
-or -
go to current symbol on TV chart > right click the (...) "more" option > 4th from bottom (HIDE)

It also gives you the ability to see your favorite HA candles while on the main series plot. When viewing indicators in the "Heikin Ashi" candle setting on TradingView, the input values are "smoothed' with HA values. This skews the way your indicators behave as the OLHC are calculated averages. Only the regular candle settings will give your indicators "real close" etc.

By 'Muting' the main series bars by toggling the 👁 symbol next to your ticker id, it makes the normal candles invisible. You then overlay this script, which allows you to see the HA Candle of your choice, while not affecting the way your indicators behave.

You now have the best of 2 worlds. Smoothed behavior of price action to help visualize trends, and accurate indicator values derived from actual OLHC data.