Heikin Rider

Heikin Rider
Smoothed Heikin Ashi Breakout Signals with Flow Confirmation
by Ben Deharde, 2025

Overview:
Heikin Rider is a trend-following indicator that detects clean breakout signals using a custom smoothed Heikin Ashi wave (the H-Wave) with optional confirmation from a flow-based filter. It's designed for traders who want precise, momentum-aligned entries.

What It Does:
Plots dynamic high/low bands from smoothed Heikin Ashi candles.
Triggers Buy/Sell signals on full candle breakouts above/below the wave.
Colors bars based on price position and momentum relative to a custom flow line.
Optionally filters signals based on flow direction.

How the H-Wave Works:
The H-Wave is a two-stage smoothed Heikin Ashi construction:
Pre-smoothing: Price is smoothed using a short-length MA (SMA, EMA, or HMA).
HA Calculation: Heikin Ashi values are calculated from the smoothed data.
Post-smoothing: A second, longer MA is applied to the HA values.
Wave Envelope: The high and low wicks of the final smoothed HA candles form the H-Wave envelope.
Signals are generated when price fully breaks this envelope, with optional confirmation from the flow color.

Inputs:
Trend timeframe
Pre/Post smoothing type and length
Flow MA type and length
Toggle for bar coloring and signal filtering

Notes:
Built with original logic, using the open-source TAExt library (credited).
No repainting — all signals are confirmed at close.
For use on standard candles only (not HA or Renko).

Alerts:
Long Signal (Buy)
Short Signal (Sell)