Heikin-Ashi-Candles MTF

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Heikin-Ashi Higher Timeframe Candles

This indicator overlays higher-timeframe Heikin-Ashi candles (default: 5 minutes) onto a lower-timeframe chart (e.g., 1 minute). Instead of using standard candlesticks, it draws:

Semi-transparent rectangles to represent the candle bodies.

Vertical lines to represent wicks, centered on each body.

Key features:

Dynamic transparency: The current, still-forming higher-timeframe candle is plotted in green or red (depending on trend) with a separate, lighter transparency (default: 30) so you can easily distinguish it from completed candles.

Finalization on close: As soon as a higher-timeframe candle closes, its body and wicks update to the standard transparency level (default: 50), ensuring completed candles are visually distinct.

Customizable inputs: You can adjust

The higher timeframe (tf) for Heikin-Ashi calculations.

Body transparency for confirmed candles.

Transparency for unfinished candles.

Wick thickness.

Use case:
This is particularly useful for traders who analyze price action on lower timeframes but want to stay aware of the higher-timeframe Heikin-Ashi trend without switching charts. The fading effect on the active candle helps prevent confusion between fully formed candles and those still developing.

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fix unfinished candle

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fix change color

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add SL and TP

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