A simple script that shows mirrored regular volume bars with the purpose to show break-outs and low volume ranges, using highest and lowest of a few bars back.
Use Heikin Ashi function to smooth the colors with the trend.
This script shows regular volume bars with two separate moving averages using only bullish and only bearish candles. The moving average uses the last known value of its calculation.
Using the Heikin Ashi function will smooth the colors and moving averages (good for trends):
The crossovers are a good way to see what the...
This is non-repaiting Supertrend Multi Time Frame script, uses Heikin Ashi Candles as source on normal chart
There is an option for Higher Time Frame. if you choose "Auto" then Higher Time Frame calculation is made by the script. If you choose "User Defined" option and then you can select Time Frame.
You better use this script with other indicators such as RSI,...
A problem with Heikin Ashi is that while it gives you a great overview of overall direction, it is rarely possible to use it as a replacement for normal japanese
candlesticks. The reason for this is that actual price data is lost, since the candles are more akin to a moving average than a different way to see price action. Also, with Heikin Ashi, most of the...
Heiken Ashi Triangles at the Top and Bottom of Screen
The image below shows the comparison to actual Heiken Ashi candles
(Though changing from candles to Heiken Ashi tends to smooth the triangles a little)
This script plots both real and HA candles regardless or which are used on the chart in TV settings.
(and has the functions for you to use.)
Lots of people seem to misunderstand backtesting (or scam people) based on HA candles.
Backtesting with HA candles leads to impossible trades. ALWAYS backtest with real candles.
That doesn't mean you might not want to look...
EMA20 MA50 MA200 + T3-CCI
This combination of triple Moving Average and CCI is a strategy to be used in conjunction with Harmonical Patterns and Fibonacci Rations.
Heikin Ashi price can be used as the price source for the Moving Averages and the T3-CCI, instead of the real price.
Two instances of the indicator can be spawned to have both the triple MAs and the...
Simple script to view Heiken-Ashi candles below a normal candles chart.
Could also be useful for using HA calcs in strategy scripts on normal candles chart for proper backtesting.
I adapted this to v4 from original v2 script by @samtsui. If you like please remember to give him a Thumbs Up for his original version! ->...
This script shows the price difference ( %) between heikin ashi and candlestick for all investment instruments as Close, Open, High and Low. (Switchable )
In this way, you can see which instruments can easily use heikin ashi .
And by taking averages you can find the opportunity to compare which investment tools are more risk-free.
A deterministic approach to identify Heikin-Ashi chart type.
The script checks the next statements about HA:
HA chart does not have any gaps in a classic sense
Every new HA open price is calculated using a specific recurrence formula. This fact also means that initial HA open price is used to calculate all the next and so on (a construction of Infinite Impulse...
This is 2 studies/strategies in one and you can choose which one you want to use. The first is a simple heikin ashi pattern based study/strategy the other is a supertrend entry/exit study/strategy. The instructions on how to enable/disable study and strategy mode are in the script.
This "simple" strategy of crossing EMAs + SMAs based on Heikin Ashi candles data presents a very good result as a signal or automated trading. You should try it out.
If you like, I would appreciate a "thumbs up" in my profile @agbarbosa.
Trigger (Current Period): Heikin Ashi candle heights are plotted to form and oscillator.
Trend (1W): A slower period is also plotted.
When Trend is rising, dips in the Trigger are buying opportunities
When Trend is descending, peaks in the Trigger are selling opportunities