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Heiken Ashi Candles - CustomizableHeiken Ashi Candles – Customizable Overlay This TradingView indicator displays accurate Heiken Ashi candles directly on your price chart, perfectly synced with TradingView’s built-in Heiken Ashi source. It’s ideal for traders who want to backtest or analyze Heiken Ashi structure without switching chart types. The indicator also includes full customization of candle body and wick colors for both bullish and bearish candles—perfect for tailoring your chart visuals to your preferences.
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freeburn tarafından
BeeQuant - Hive HeikinAshi💠 OVERVIEW The "Hive HeikinAshi" is your ultimate tool for simplifying the chaotic world of price charts. Imagine a specialized lens that cuts through all the market "noise" – those tiny, confusing movements – and reveals the clear, underlying current of price action. This indicator transforms standard, sometimes choppy, candlestick charts into a powerful, trend-focused visualization. It’s designed to help every trader, whether you're a discretionary trader seeking cleaner structures or a quant enthusiast looking for visual cues to complement models, Hive HeikinAshi provides a simplified yet highly informative lens through which to read price action. Its main advantage lies in its seamless compatibility with external indicators — offering a next-level smoothing foundation that enhances the clarity and reliability of any existing trend, momentum, or signal-based system layered on top of it. __________________________________________________________________________ 🧠 CONCEPTS At its core, the "Hive HeikinAshi" isn't just another way to look at candles; it's a profound re-interpretation of price dynamics. It employs a sophisticated internal process to distill raw market movements into a more coherent, trend-identifying display, making the market's story incredibly easy to read. The "Hive" Transformation: Unlike traditional candlesticks that show every small price fluctuation, the "Hive HeikinAshi" candles are intelligently constructed to smooth out the data. They are derived from a multi-point calculation process, creating a new, more consistent visual representation of price. This transformation helps to reduce the "visual clutter" and make trend following a much more intuitive experience. You'll see the forest, not just the trees. ⬜ Highlights dominant price direction by filtering reactive fluctuations ⬜ Visually separates impulsive vs corrective behavior with clear color transitions ⬜ Enables quicker discretionary recognition of trend shifts without complex overlays ⬜ Ideal for confirming momentum zones and stable trending phases ⬜ The Intelligent Filter. An optional yet powerful "Filter" mechanism has been integrated, providing an additional layer of analytical discernment. ⬜ Designed to integrate natively with trend-following, oscillator, or signal indicators — enabling amplified precision across diverse trading systems A significant advantage of the "Hive HeikinAshi" is its inherent ability to minimize distracting "noise" from typical candle wicks. While standard candles can often show long, confusing wicks that obscure the true body direction, our specialized candles are engineered to emphasize the core directional move. This intelligent design allows you to focus on the momentum generated by the candle's body, rather than getting sidetracked by fleeting price extremes, thereby providing a cleaner, more reliable visual of trend strength. __________________________________________________________________________ ✨ FEATURES Hive HeikinAshi includes several key features designed for both clarity and functionality: 🔹Multi-Bar Averaging Generates a visually balanced candle structure using averaged pricing across configurable recent bars. 🔹 Wickless Visualization Candles are rendered without upper/lower shadows, enhancing trend detection and reducing signal confusion. 🔹 Signal Filter Adaptive color filter using a dynamic high/low lookback logic   🔹 Directional Color Coding Clean green/red coloring helps instantly interpret bullish or bearish pressure. 🔹 Adjustable History Depth Customize how many bars are considered in the smoothing process to match your style and timeframe. 🔹 Invisible Price Feed Outputs Underlying smoothed OHLC values are available for custom strategies or overlays. 🔹Non-Repainting Logic for Historical Reliability Each "Hive HeikinAshi" is plotted only when its internal reconstruction conditions are fully met and confirmed. This ensures that the historical display of HeikinAshi does not repaint, providing a high degree of reliability and trust in past signals and visualizations. 🔹Cross-Market Versatility This indicator is engineered to perform with precision across all major markets—whether you're trading forex, commodities, stocks, or indices. Its adaptive logic automatically aligns with the unique volatility and structure of each asset class, delivering consistently reliable insights no matter where you trade. __________________________________________________________________________ ⚙️ USAGE Using Hive HeikinAshi is simple and effective: 📥 Add to Chart Once access is granted, apply the indicator to any timeframe or asset directly from your TradingView invite-only indicators list. ⚙️ Tweak “No. of Bars” This setting controls how far back the smoothing engine looks.    • Lower values = more responsive, shorter-term smoothing    • Higher values = steadier candles, better for macro trends 🎚️ Next, consider the "Filter" option: Turn this on to activate the advanced filtering mechanism. Then, adjust the "lookback bars" (from 1 to 10). A smaller number here will make the filter more responsive to immediate "Hive HeikinAshi" candle extremes, while a larger number will require a more sustained breakout from the recent filtered range. Experiment to discover the optimal "sweet spot" that best reveals the underlying market flow for your specific strategy. The tooltip guides you to this optimal setting. Disable "Filter": If turned off, the candles will revert to a more direct HeikinAshi coloration based purely on their calculated open and close, without the additional layer of range filtering. 🔍 Interpreting Candles    • 🟢 Green Candle: Bullish continuation zone    • 🔴 Red Candle: Bearish pressure dominates    • Lack of wick = strong directional conviction Combine with your favorite indicators — Hive HeikinAshi acts as a foundation to reduce noise and enhance clarity across tools like EMAs, MACD, VWAP, and more. __________________________________________________________________________ ⚠️ LIMITATIONS While Hive HeikinAshi provides clear visual advantages, it is important to understand its scope: 👉 Not a Signal Generator: This indicator excels at identifying and confirming trends, making it less suitable for pinpointing exact, high-frequency entry and exit points that require unadulterated real-time price. It prioritizes overall directional clarity.  👉 Lag by Design: Due to multi-bar data smoothing, candles reflect stable price behavior but not ultra-short-term fluctuations. 👉 No Volume or Macro Inputs: Hive HeikinAshi focuses purely on price structure — it does not include volume, news, or external conditions. 👉 Filter Calibration: While the "Filter" enhances clarity, its effectiveness is dependent on appropriate "lookback bars" calibration. Users should understand that adding filtering inherently balances responsiveness with a more refined signal, and finding the optimal setting is part of the analytical process. █ ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒ 『•••• ✎ ••••』 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒ █ 🎯 CONCLUSION Hive HeikinAshi is a powerful visual companion for modern traders seeking smoother, clearer price trends. By combining directional clarity with reduced chart clutter, it allows you to interpret the market with less noise and more confidence. Seamlessly integrate this advanced visual tool within your analytical framework to gain a sharper, more confident perspective, and elevate your strategic decision-making in the markets. It's about seeing the unseen, with clarity. ▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣▣ 🚨 RISK DISCLAIMER Engagement in financial market speculation inherently carries a substantial degree of inherent risk, and the potential for capital diminution, potentially exceeding initial deposits, is a pervasive and non-trivial consideration. All content, algorithmic tools, scripts, articles, and educational materials disseminated by "Hive HeikinAshi" are exclusively purposed for informational and pedagogical objectives, strictly for reference. Historical performance data, whether explicitly demonstrated or implicitly suggested, offers no infallible assurance or guarantee of future outcomes. Users bear sole and ultimate accountability for their individual trading decisions and are emphatically urged to meticulously assess their financial disposition, risk tolerance parameters, and conduct independent due diligence prior to engaging in any speculative market activity.
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BeeQuant tarafından
Hybrid Heikin Ashi OverlayHybrid Heikin Ashi Overlay I personally like Heikin Ashi for its simplicity in showing clean trends. However, it tends to smooth out price action so much that we sometimes miss key signals from the actual candles. This indicator overlays Heikin Ashi-style background colors while keeping regular candles intact — giving you the best of both worlds: • Smoother trend visibility • No loss of execution precision • Customizable colors & transparency 🔹 No repainting 🔹 No strategy logic — purely visual 🔹 Designed to reduce clutter and help traders stay focused on structure Created by: @yug_and_her
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yug_and_her tarafından
HALC SYHALC SY @CK Heikin Ashi Last Candle shows color of the last closed 30m heikin ashi candle for every new candle on your graph indicating local trend for scalp & short term trading in rder to help u choose right direction in your 1-5m tf trading. Non-repainting & designed for use on any graph type incl HA, Renko and other problematic syntetic as well as any of your own. Dont recommend as entry signal but strong support to confirm/deny your trade system entry signal. Enjoy!
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SKrl80 tarafından
1
Heikin-Ashi Reversals with Region & DotsIf you want to use Heiken Ashi candles as a way to screen for bullish and bearish reversal. Green background is stay long and strong. Red background = potential top or bearish continuation. Yellow dots show strong red heiken ashi candles with small upside wicks. The next candle determines whether it should be green or red. If next heiken ashi candle closes above the current candle = green, bull trend still in line. If next heiken ashi candle closes below, then time to sell
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theRhinoSlayer tarafından
Heikin-Ashi Trend ScalpHeikin-Ashi Trend Scalp is an indicator for TradingView, designed to identify short-term trends and entry points based on Heikin-Ashi candles and EMA crossovers. Key Features: Attention Signals: Early warning of potential entry points. Buy/Sell Signals: Filtered signals based on the prevailing trend. Filters (Slow Mode, Shadow Filter): Help reduce the number of false signals. Shadow Filter: Eliminates false signals caused by shadows against the trend. The warning bar should not have any shadow against the trend. If the bar with the buy/sell signal has a shadow that crosses the opening level of the warning bar, the signal disappears. Since the signal may disappear as the candle forms, entries should only be made after the signal has been confirmed. It is not recommended to disable the Shadow Filter, as doing so may lead to an increase in false signals. Slow Mode: Reduces false signals by using longer-term EMA crossovers. For timeframes of 1–5 minutes, it is recommended to use Slow Mode to reduce false signals. EMA Lines (7, 21, 50): Displayed for trend determination. Depending on the selected mode: in standard mode, EMA 21 (fast) is shown, in Slow Mode, the longer-term EMA 50 (slow) is displayed. Stop-Loss Price: Automatically set at the opening level of the candle two bars ago and displayed on the chart. RSI: Displays the current value of the RSI indicator and visualizes it with color: Red — for overbought conditions (above 70). Green — for oversold conditions (below 30). Yellow — for values in the neutral zone (between 30 and 70). Alerts: Notifications for new signals in real-time. The indicator is ideal for scalping and short-term trading, especially when used in conjunction with other technical analysis tools.
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jasonvhs tarafından
2
3 Heiken Ashi# Heiken Ashi Overlay Indicator This custom indicator overlays the last three Heiken Ashi candles on your regular candlestick chart, providing traders with immediate trend direction insights without switching between chart types. ## Key Features - **Real-time Overlay**: Displays three most recent Heiken Ashi candles on the right side of your chart - **Color Coding**: Green candles indicate upward momentum, red candles show downward momentum - **Timeframe Adaptive**: Maintains consistent display across all timeframes - **Clean Visualization**: Clear separation between regular candlesticks and Heiken Ashi overlay ## Trading Applications **Trend Confirmation** - Green Heiken Ashi candles suggest strengthening bullish momentum - Red Heiken Ashi candles indicate developing bearish pressure - The sequence of colors helps identify potential trend reversals **Decision Making Benefits** - Quick trend assessment without chart switching - Enhanced signal confirmation - Reduced noise in trend identification - Improved entry and exit timing ## Technical Details The indicator uses standard Heiken Ashi calculations: - HA Close = (Open + High + Low + Close)/4 - HA Open = Previous HA (Open + Close)/2 - HA High = Maximum(High, HA Open, HA Close) - HA Low = Minimum(Low, HA Open, HA Close) ## Usage Tips 1. Use alongside your regular technical analysis 2. Watch for color changes as early trend reversal signals 3. Consider the size of Heiken Ashi candles for momentum strength 4. Compare with price action on the main chart for confirmation This overlay combines the smoothing benefits of Heiken Ashi with the precision of regular candlesticks, offering traders a powerful tool for trend analysis and decision-making.
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namavanmahesh tarafından
SuperTrend Heikin AshiSupertrend Heikin Ashi is an indicator based on the standard calculation of the Supertrend with the difference of using the Open and Close value of the Heikin Ashi candles instead of the normal Candle Sticks. In this way the main characteristic of the HA candles is exploited, thus filtering movements that could generate false signals. I recommend using SPY, SPX, QQQ to be aware of the market situation, not operating (or paying great attention) long on stocks when the indicator is red and the price is below the drawn line.
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DieciTrader tarafından
Lanczos CandlesThis indicator reconstructs price action using Lanczos resampling, incorporating lower timeframe data to create a more detailed representation of market movements. Traditional candle aggregation on higher timeframes tends to lose some price action detail - this indicator attempts to preserve more of that information through mathematical resampling. The indicator samples price data from a lower timeframe and uses the Lanczos algorithm, a mathematical method commonly used in signal processing and image resampling, to reconstruct the price series at the chart's timeframe. The process helps maintain price movements that might otherwise be smoothed out in regular candle aggregation. The main settings allow you to select the source timeframe for sampling, adjust the Lanczos filter width to balance smoothness versus detail preservation, and optionally enable Heikin Ashi calculation. The filter width parameter (default: 3) affects how aggressive the smoothing is - higher values produce smoother results while lower values retain more of the original variation. This approach can be useful for technical analysis when you want to work with higher timeframes while maintaining awareness of significant price movements that occurred within those candles. The optional Heikin Ashi mode can help visualize trends in the resampled data. The indicator works best when there's a clear ratio between your chart timeframe and the source timeframe (for example, using 1-minute data to build 5-minute candles).
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The_Peaceful_Lizard tarafından
8
Smoothed Heiken Ashi Trend FilterThis indicator applies the Heiken Ashi technique with added smoothing and trend filtering to help reduce noise and improve trend detection. Components of the Indicator: Heiken Ashi Calculations: Heiken Ashi Close (ha_close): This is the smoothed average of the current bar’s open, high, low, and close prices, calculated with a simple moving average (SMA) to filter out noise. Heiken Ashi Open (ha_open): This is the average of the previous Heiken Ashi Open and the current Heiken Ashi Close. It’s also initialized to smooth the transition on the first bar. Heiken Ashi High (ha_high) and Low (ha_low): These values are calculated as the highest and lowest values among the high, Heiken Ashi Open, and Heiken Ashi Close for each bar. Smoothing and Noise Reduction: Smoothing Length: The indicator applies a smoothing length to the Heiken Ashi Close, calculated with an SMA. This reduces minor fluctuations, giving a clearer view of the price action. Minimum Body Size Filter: This filter calculates the body size of each Heiken Ashi candle and compares it to a percentage of the Average True Range (ATR). Only significant candles (those with larger bodies) are plotted, reducing weak or indecisive signals. Trend Filtering with Moving Average: The indicator uses a simple moving average (SMA) as a trend filter. By comparing the Heiken Ashi Close to the moving average: Bullish Trend: The Heiken Ashi candle is green when it’s above the moving average. Bearish Trend: The Heiken Ashi candle is red when it’s below the moving average. How to Use This Indicator: Trend Identification: Green candles signify a bullish trend, while red candles signify a bearish trend. The smoothing and trend filtering make it easier to identify sustained trends and avoid reacting to short-term fluctuations. Filtering Out Noise: Minor price fluctuations and small-bodied candles (often resulting in indecisive signals) are filtered out, leaving only significant signals. Adjustable Parameters: Smoothing Length: Controls the degree of smoothing applied to the Heiken Ashi Close value. Increasing this value will make the Heiken Ashi candles smoother. Minimum Body Size: This is a percentage of the ATR, used to filter out small or indecisive candles. Trend Moving Average Length: Controls the period of the moving average used as a trend filter. This Smoothed Heiken Ashi Trend Filter indicator is useful for identifying trends and filtering out noisy signals. By smoothing and filtering, it helps traders focus on the overall trend rather than minor price movements. Let me know if there’s anything more you’d like to add or adjust!
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tSageHuz tarafından
4
OBV based on Heikin-AshiDescription This indicator calculates the On-Balance Volume (OBV) based on Heikin-Ashi candles rather than regular candlesticks. OBV based on Heikin-Ashi: The OBV is calculated based on Heikin-Ashi candle trends. Volume is added when the Heikin-Ashi close is above the open (bullish) and subtracted when the close is below the open (bearish). Volume Analysis: This approach helps traders identify significant volume shifts in a smoother trend environment, reducing market noise that often accompanies traditional candlestick charts. 説明 このインジケーターは、通常のローソク足ではなく、平均足（Heikin-Ashi）を基にオンバランス・ボリューム（OBV）を計算します。 平均足に基づくOBV: OBVは、平均足のトレンドに基づいて計算されます。平均足の終値が始値を上回った場合（陽線）は出来高が加算され、終値が始値を下回った場合（陰線）は出来高が減算されます。 出来高分析: この手法により、通常のローソク足チャートで発生するノイズを軽減し、滑らかなトレンド環境で重要な出来高の変化を把握できます。
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miyabi_fx tarafından
Heikin Ashi & Swing Highs/LowsHeikin Ashi & Swing Highs/Lows Indicator Description: The "Heikin Ashi & Swing Highs/Lows" indicator combines Heikin Ashi candle analysis with the identification of significant swing highs and lows on the chart. This indicator is useful for traders looking to spot trend changes and key points in the market. Key Features: Heikin Ashi: Calculation and Visualization: Utilizes the Heikin Ashi method to smooth out the candlestick chart, helping to visualize trends and reduce market noise. Heikin Ashi candles are calculated from the standard candles (Open, High, Low, Close) and are displayed on the chart with a green color for bullish signals and red for bearish signals. Vertical Offset Adjustment: Provides options to adjust the vertical offset of the candles based on the selected timeframe, with specific adjustments for short, medium, long, and super-long periods. Swing Highs/Lows: Key Point Identification: Marks significant swing highs and lows on the chart using a configurable period. Swing highs are displayed in red and swing lows in green. Candlestick Patterns: Detects and labels common candlestick patterns such as: Hammer: A bullish candlestick pattern with a small body and a long lower wick. Inverted Hammer: Similar to the Hammer, but with a long upper wick. Bullish Engulfing: A two-candle pattern where a bullish candle completely engulfs a previous bearish candle. Hanging Man: A bearish pattern with a small body and a long lower wick, appearing at the end of an uptrend. Shooting Star: A bearish pattern with a small body and a long upper wick, appearing at the end of an uptrend. Bearish Engulfing: A two-candle pattern where a bearish candle completely engulfs a previous bullish candle. Settings: Timeframe: Allows you to select the desired timeframe to adjust the Heikin Ashi candle analysis. Vertical Offset: Customize the vertical offset of Heikin Ashi candles based on the selected timeframe. Swing Point Style: Configure the colors of the significant swing highs and lows on the chart. Recommended Use: This indicator is ideal for traders looking for a clear representation of trends through Heikin Ashi candles and who want to identify key reversal points in the market by detecting swing highs/lows and candlestick patterns. Benefits: Facilitates the identification of smooth trends and trend reversals. Provides a clear visual representation of critical market points. Helps traders recognize important candlestick patterns that may indicate changes in market direction.
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anarkiacapital tarafından
18
Heikin Ashi Price DetectionThis script performs custom calculations for both bullish and bearish bars, providing a numerical result that can be used to gauge price movements and potential trading signals. How It Works Bullish Bars: Calculates the absolute difference between the open and low prices (BullOpenLow). Calculates the absolute difference between the high and close prices (BullHighClose). Compares BullOpenLow and BullHighClose: If BullOpenLow is greater, the difference is divided by BullOpenLow. If BullHighClose is greater, the difference is divided by BullHighClose. The result is normalized to a percentage and subtracted from 100 to produce a final value. Bearish Bars: Calculates the absolute difference between the close and low prices (BearCloseLow). Calculates the absolute difference between the high and open prices (BearHighOpen). Compares BearCloseLow and BearHighOpen: If BearCloseLow is greater, the difference is divided by BearCloseLow. If BearHighOpen is greater, the difference is divided by BearHighOpen. The result is normalized to a percentage and subtracted from 100 to produce a final value. Key Features Bullish and Bearish Calculations: The script identifies bullish and bearish bars and applies separate calculations to each. Normalized Results: The calculations provide a normalized result that can be easily interpreted. Visual Representation: Results are plotted on the chart for quick visual reference.
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alasalbasel tarafından
1
Pivot Points with MID LevelsThis indicator shows the Standard Pivot Points level based on daily values that can act as support and resistance. It is used by a variety of traders around the world. You can select which time frame Pivot Point Levels you'd like. Daily, weekly etc... Perfect for swing trading or day trading. Pivot Points- Shows 3 levels of resistance, the Pivot Point and 3 levels of support (R3, R2, R1, PIVOT POINT, S1, S2, S3 MID Levels- The MID levels are 50% retracement from the pivot point level above it and below Example- R3, MID, R2, MID, R1, MID, PIVOT POINT, MID, S1, MID, S2, MID, S3 With this indicator you will also have the option to show the Previous days High and Low that are also important levels. On gap up/down days it is always interesting to see if price will close the gap, hence the important level to note. PDH= Previous Days High PDL= Previous Days Low I have added a feature that you can now select specific color to each level and the line style for each level to help understand which levels are being show by personal needs. Happy Trading
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Sergioramos1987 tarafından
15
Dead Simple Heikin Ashi Candles (HA Candles)Are you looking for a dead simple calculation of the Heikin Ashi candles as they are calculated in tradingview? Here it is! I was looking through the library and I saw that many have come up with a lot of awesome scripts using heikin ashi candles. But, I can't find anywhere that had the straightforward simple version of how Tradingview calculates them. This was a problem for me because I realized after punching the formula in that TradingView doesn't calculate HA candles in the original way. You might say they don't calculate them the "right" but, spoiler alert, there is no right in trading. You can only be rational or irrational as you make money or lose money. This is useful to me for building out some portions of an algo that are not going to be compatible with the built-in function. It happens. So, if you were looking for it too, hopefully it saves you some time. For reference the original calc of HA candles is: o = (prev_HA_open + prev_HA_close) / 2 h = math.max(high, ha_open, ha_close) l = math.min(low, ha_open, ha_close) c = ohlc4 Trade Well.
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kurtsmock tarafından
7
Heikin Ashi RSI + OTT [Erebor]Relative Strength Index (RSI) The Relative Strength Index (RSI) is a popular momentum oscillator used in technical analysis to measure the speed and change of price movements. Developed by J. Welles Wilder, the RSI is calculated using the average gains and losses over a specified period, typically 14 days. Here's how it works: Description and Calculation: 1. Average Gain and Average Loss Calculation: - Calculate the average gain and average loss over the chosen period (e.g., 14 days). - The average gain is the sum of gains divided by the period, and the average loss is the sum of losses divided by the period. 2. Relative Strength (RS) Calculation: - The relative strength is the ratio of average gain to average loss. The RSI oscillates between 0 and 100. Traditionally, an RSI above 70 indicates overbought conditions, suggesting a potential sell signal, while an RSI below 30 suggests oversold conditions, indicating a potential buy signal. Pros of RSI: - Identifying Overbought and Oversold Conditions: RSI helps traders identify potential reversal points in the market due to overbought or oversold conditions. - Confirmation Tool: RSI can be used in conjunction with other technical indicators or chart patterns to confirm signals, enhancing the reliability of trading decisions. - Versatility: RSI can be applied to various timeframes, from intraday to long-term charts, making it adaptable to different trading styles. Cons of RSI: - Whipsaws: In ranging markets, RSI can generate false signals, leading to whipsaws (rapid price movements followed by a reversal). - Not Always Accurate: RSI may give false signals, especially in strongly trending markets where overbought or oversold conditions persist for extended periods. - Subjectivity: Interpretation of RSI levels (e.g., 70 for overbought, 30 for oversold) is somewhat subjective and can vary depending on market conditions and individual preferences. Checking RSIs in Different Periods: Traders often use multiple timeframes to analyze RSI for a more comprehensive view: - Fast RSI (e.g., 8-period): Provides more sensitive signals, suitable for short-term trading and quick decision-making. - Slow RSI (e.g., 32-period): Offers a smoother representation of price movements, useful for identifying longer-term trends and reducing noise. By comparing RSI readings across different periods, traders can gain insights into the momentum and strength of price movements over various timeframes, helping them make more informed trading decisions. Additionally, divergence between fast and slow RSI readings may signal potential trend reversals or continuation patterns. Heikin Ashi Candles Let's consider a modification to the traditional “Heikin Ashi Candles” where we introduce a new parameter: the period of calculation. The traditional HA candles are derived from the open 01, high 00 low 00, and close 00 prices of the underlying asset. Now, let's introduce a new parameter, period, which will determine how many periods are considered in the calculation of the HA candles. This period parameter will affect the smoothing and responsiveness of the resulting candles. In this modification, instead of considering just the current period, we're averaging or aggregating the prices over a specified number of periods . This will result in candles that reflect a longer-term trend or sentiment, depending on the chosen period value. For example, if period is set to 1, it would essentially be the same as traditional Heikin Ashi candles. However, if period is set to a higher value, say 5, each candle will represent the average price movement over the last 5 periods, providing a smoother representation of the trend but potentially with delayed signals compared to lower period values. Traders can adjust the period parameter based on their trading style, the timeframe they're analyzing, and the level of smoothing or responsiveness they prefer in their candlestick patterns. Optimized Trend Tracker The "Optimized Trend Tracker" is a proprietary trading indicator developed by TradingView user ANIL ÖZEKŞİ. It is designed to identify and track trends in financial markets efficiently. The indicator attempts to smooth out price fluctuations and provide clear signals for trend direction. The Optimized Trend Tracker uses a combination of moving averages and adaptive filters to detect trends. It aims to reduce lag and noise typically associated with traditional moving averages, thereby providing more timely and accurate signals. Some of the key features and applications of the OTT include: • Trend Identification: The indicator helps traders identify the direction of the prevailing trend in a market. It distinguishes between uptrends, downtrends, and sideways consolidations. • Entry and Exit Signals: The OTT generates buy and sell signals based on crossovers and direction changes of the trend. Traders can use these signals to time their entries and exits in the market. • Trend Strength: It also provides insights into the strength of the trend by analyzing the slope and momentum of price movements. This information can help traders assess the conviction behind the trend and adjust their trading strategies accordingly. • Filter Noise: By employing adaptive filters, the indicator aims to filter out market noise and false signals, thereby enhancing the reliability of trend identification. • Customization: Traders can customize the parameters of the OTT to suit their specific trading preferences and market conditions. This flexibility allows for adaptation to different timeframes and asset classes. Overall, the OTT can be a valuable tool for traders seeking to capitalize on trending market conditions while minimizing false signals and noise. However, like any trading indicator, it is essential to combine its signals with other forms of analysis and risk management strategies for optimal results. Additionally, traders should thoroughly back-test the indicator and practice using it in a demo environment before applying it to live trading. The following types of moving average have been included: "SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA", "HMA", "KAMA", "LSMA", "TRAMA", "VAR", "DEMA", "ZLEMA", "TSF", "WWMA". Thanks to the authors. Thank you for your indicator “Optimized Trend Tracker”. © kivancozbilgic Thank you for your programming language, indicators and strategies. © TradingView Kind regards. © Erebor_GIT
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Erebor_GIT tarafından
6
Heiken Ashi Algo v6The Heiken Ashi Algo Oscillator v6, introduces a refined approach to technical analysis applicable across various markets. Central to this algorithm is the integration of the Relative Strength Index #RSI, a staple indicator renowned for its effectiveness in measuring momentum. The RSI - Tried and True: By incorporating the #RSI, traders gain valuable insights into the speed and strength of price movements, aiding in the identification of potential #trend #reversals and #continuations. Why Heiken Ashi Candles: Additionally, the utilization of #Heiken Ashi candles within this algorithm offers a smoother representation of price action, reducing noise and enhancing clarity in trend analysis. This feature is particularly advantageous in volatile markets, where traditional candlestick patterns may produce false signals. By employing Heiken #Ashi candles, traders can more accurately identify underlying trends and make informed decisions based on reliable price data. Combining RSI and Heiken Ashi: The synergy between the RSI and Heiken Ashi candles in the Heiken Ashi Algo Oscillator v6 provides traders with a comprehensive perspective on both momentum and trend direction. This combination allows for a nuanced analysis of market dynamics, enabling traders to navigate various market conditions with greater confidence. Heiken Ashi Candle Sizes: The size of the Heiken Ashi candles serves as a visual indicator of the distance the RSI has moved between closing prices, offering additional insights into momentum shifts. Not your average Heiken Ashi Candles: Ive taken the time to do some serious custom coding for these particular Heiken Ashi Candles. They do NOT color as the normal ones do. There is a setting in the inputs tab of the indicator that allows you to color them according to my secret code where its looking for Breaks of Structure on lower timeframes based on Heiken Ashi Candle calculations. Turning on this feature gives you a more promising array of candle colors telling you about false or positive breakouts and trends. Why choose this tool: CoffeeShopCrypto's Heiken Ashi Algo Oscillator v6 offers a balanced and effective tool for traders across different markets. By leveraging the power of the RSI and Heiken Ashi candles, traders can enhance their decision-making process, identify trading opportunities with greater precision, and ultimately improve their overall trading performance. ------------------------------------------HOW TO USE IT------------------------------------------ Inflow / Outflow (accumulation and distribution) Ribbon In trading we know liquidity means volume and volume is orders. This ribbon shows you when orders are entering, exiting, filling or flat in the market. The Liquidity Ribbon is a visual representation of whats happening with accumulation and distribution in the market. It acts as a dynamic area of support and resistance for the RSI (momentum). Once the RSI breaks above or below the full area of the ribbon, you have an overturned short term market. Breaking this area isn't easy because of the one sided thick line known as the PoC line or Point of Control Line. This line changes between a rising and falling color to tell you what side of the market has the most resistance or support. Custom HA candles The common way for HA candles to be colors is green for bullish and red for bearish. These candles color differently according to market dynamics vs how the current candle closes. This is helpful to keep you from taking longs or shorts when the momentum just doesn't have the move. How it all works together: Taking entries and failed breakouts. In the image below (left to right) you can see the following take place: Short Entry: HA Candles push down through the ribbon breaking below its low side (Support Ribbon Broken) Following this the RSI RANGE is broken to the down side. This is a good setup for a short breakout Retrace to false breakout: After this price retraces and so does momentum. HA Candles attempt to but fail to break through the top of the ribbon and push back down . This is a false breakout. Bullish Divergence to Long Entry: The Heiken Ashi Algo forms a bullish divergence and HA candles push back up into the ribbon. Without a change in candle structure the RSI breaks the top of the ribbon where the control line sits as well as breaking through the top of the RANGE area and This is a promising setup for a long trade. Rally Base Rally: (into secondary long trade) As price is rising, it retraces until HA candles are within the RANGE. No candle closes or has a low below the RSI midline. HA Candles are forming a consolidation. After consolidation the RSI breaks out the top of the ribbon and the top of the RANGE allowing a secondary long entry. ----------------------------------------------------------------------------------------- Im not gonna lie. Ive written a lot of tutorials but this one was probably the most exciting to describe. If you have any questions please do ask below.
Pine Script® göstergesi
CoffeeshopCrypto tarafından
19
RSI in Candlestick MODEDescription: The "RSI Bar" indicator is a versatile tool designed to enhance your technical analysis on trading charts. This Pine Script™ code calculates the Relative Strength Index (RSI) for open, close, high, and low prices, and represents the results as bars on the chart. The bars are color-coded based on whether the closing RSI is higher or lower than the opening RSI. Additionally, the indicator incorporates advanced features such as Pareto analysis and Gaussian smoothing. The Pareto analysis helps identify significant lows and highs in the RSI, providing insights into potential trend reversals. The Gaussian smoothing further refines the analysis, contributing to a more accurate representation of the average RSI trend. Key Features: RSI calculation for open, close, high, and low prices. Color-coded bars for easy visualization of RSI trends. Pareto analysis to highlight key RSI levels indicating potential reversals. Gaussian smoothing for improved trend analysis and visualization. Heiken-Ashi
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shaklerner1 tarafından
3
Simple Neural Network Transformed RSI [QuantraSystems]Simple Neural Network Transformed RSI Introduction The Simple Neural Network Transformed RSI (ɴɴᴛ ʀsɪ) stands out as a formidable tool for traders who specialize in lower timeframe trading. It is an innovative enhancement of the traditional RSI readings with simple neural network smoothing techniques. This unique blend results in fairly accurate signals, tailored for swift market movements. The ɴɴᴛ ʀsɪ is particularly resistant to the usual market noise found in lower timeframes, ensuring a clearer view of short-term trends. Furthermore, its diverse range of visualization options adds versatility, making it a valuable tool for traders seeking to capitalize on short-duration market dynamics. Legend In the Image you can see the BTCUSD 1D Chart with the ɴɴᴛ ʀsɪ in Trend Following Mode to display the current trend. This is visualized with the barcoloring. Its Overbought and Oversold zones start at 50% and end at 100% of the selected Standard Deviation (default σ = 2), which can indicate extremely rare situations which can lead to either a softening momentum in the trend or even a mean reversion situation. Here you can also see the original Indicator line and the Heikin Ashi transformed Indicator bars - more on that now. Notes Quantra Standard Value Contents: To draw out all the information from the indicator calculation we have added a Heikin-Ashi (HA) Candle Visualization. This HA transformation smoothens out the indicator values and gives a more informative look into Momentum and Trend of the Indicator itself. This allows early entries and exits by observing the HA transformed Indicator values. To diversify, different visualization options are available, either a classic line, HA transformed or Hybrid, which contains both of the previous. To make Quantra's Indicators as useful and versatile as possible we have created options to change the barcoloring and thus the derived signal from the indicator based on different modes. Option to choose different Modes: Trend Following (Indicator above mid line counts as uptrend, below is downtrend) Extremities (Everything going beyond the Deviation Bands in a Mean Reversion manner is highlighted) Candles (Color of HA candles as barcolor) Reversion (HA ONLY) (Reversion Signals via the triangles if HA candles change state outside of the Deviation Bands) - Reversion Signals are indicated by the triangles in the Heikin-Ashi or Hybrid visualization when the HA Candles revert from downwards to upwards or the other way around OUTSIDE of the SD Bands. Depending on the Indicator they signal OB/OS areas and can either work as high probability entries and exits for Mean Reversion trades or indicate Momentum slow downs and potential ranges. Please use another indicator to confirm this. Case Study To effectively utilize the NNT-RSI, traders should know their style and familiarize themselves with the available options. As stated above, you have multiple modes available that you can combine as you need and see fit. In the given example mostly only the mode was used in an isolated fashion. Trend Following: Purely relied on State Change - Midline crossover Could be combined with Momentum or Reversion analysis for better entries/exits. Extremities: Ideal entry/exit is in the accordingly colored OS/OB Area, the Reversion signaled the latest possible entry/exit. HA Candles: Specifically applicable for strong trends. Powerful and fast tool. Can whip if used as sole condition. Reversions: Shows the single entry and exit bars which have a positive expected value outcome. Can also be used as confirmation or as last signal. Please note that we always advise to find more confluence by additional indicators. Traders are encouraged to test and determine the most suitable settings for their specific trading strategies and timeframes. In the showcased trades the default settings were used. Methodology The Simple Neural Network Transformed RSI uses a simple neural network logic to process RSI values, smoothing them for more accurate trend analysis. This is achieved through a linear combination of RSI values over a specified input length, weighted evenly to produce a neural network output. // Simple neural network logic (linear combination with weighted aggregation) var float inputs = array.new_float(nnLength, na) for i = 0 to nnLength - 1 array.set(inputs, i, rsi1 ) nnOutput = 0.0 for i = 0 to nnLength - 1 nnOutput := nnOutput + array.get(inputs, i) * (1 / nnLength) nnOutput This output is then compared against a standard or dynamic mean line to generate trend following signals. Mean = ta.sma(nnOutput, sdLook) cross = useMean? 50 : Mean The indicator also incorporates Heikin Ashi candlestick calculations to provide additional insights into market dynamics, such as trend strength and potential reversals. // Calculate Heikin Ashi representation ha = ha( na(nnOutput ) ? nnOutput : nnOutput , math.max(nnOutput, nnOutput ), math.min(nnOutput, nnOutput ), nnOutput) Standard deviation bands are used to create dynamic overbought and oversold zones, further enhancing the tool's analytical capabilities. // Calculate Dynamic OB/OS Zones stdv_bands(_src, _length, _mult) => float basis = ta.sma(_src, _length) float dev = _mult * ta.stdev(_src, _length) = stdv_bands(nnOutput, sdLook,sdMult/2) = stdv_bands(nnOutput, sdLook, sdMult) The Standard Deviation bands take defined parameters from the user, in this case sigma of ideally between 2 to 3, to help the indicator detect extremely improbable conditions and thus take an inversely probable signal from it to forward to the user. The parameter settings and also the visualizations allow for ample customizations by the trader. For questions or recommendations, please feel free to seek contact in the comments.
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QuantraSystems tarafından
23
Enhanced McClellan Summation Index The Enhanced McClellan Summation Index (MSI) is a comprehensive tool that transforms the MSI indicator with Heikin-Ashi visualization, offering improved trend analysis and momentum insights. This indicator includes MACD and it's histogram calculations to refine trend signals, minimize false positives and offer additional momentum analysis. Methodology: McClellan Summation Index (MSI) - The MSI begins by calculating the ratio between advancing and declining issues in the specified index. float decl = 𝘐𝘯𝘥𝘪𝘤𝘦 𝘥𝘦𝘤𝘭𝘪𝘯𝘪𝘯𝘨 𝘪𝘴𝘴𝘶𝘦𝘴 float adv = 𝘐𝘯𝘥𝘪𝘤𝘦 𝘢𝘥𝘷𝘢𝘯𝘤𝘪𝘯𝘨 𝘪𝘴𝘴𝘶𝘦𝘴 float ratio = (adv - decl) / (adv + decl) It then computes a cumulative sum of the MACD (the difference between a 19-period EMA and a 39-period EMA) of this ratio. The result is a smoothed indicator reflecting market breadth and momentum. macd(float r) => ta.ema(r, 19) - ta.ema(r, 39) float msi = ta.cum(macd(ratio)) Heikin-Ashi Transformation - Heikin-Ashi is a technique that uses a modified candlestick formula to create a smoother representation of price action. It averages the open, close, high, and low prices of the current and previous periods. This transformation reduces noise and provides a clearer view of trends. type bar float o = open float h = high float l = low float c = close bar b = bar.new() float ha_close = math.avg(b.o, b.h, b.l, b.c) MACD and Histogram - The Enhanced MSI incorporates MACD and histogram calculations to provide additional momentum analysis and refine trend signals. The MACD represents the difference between the 12-period EMA and the 26-period EMA of the MSI. The histogram is the visual representation of the difference between the MACD and its signal line. Options: Index Selection - Choose from TVC:NYA , NASDAQ:NDX , or TVC:XAX to tailor the MSI-HA to the desired market index. MACD Settings - Adjust the parameters for the MACD calculation to fine-tune the indicator's responsiveness. Ratio Multiplier - Apply scaling to the MSI to suit different market conditions and indices. Benefits of Heikin-Ashi - Smoothed Trends - Heikin-Ashi reduces market noise, providing a more apparent and smoothed representation of trends. Clearer Patterns - Candlestick patterns are more distinct, aiding in the identification of trend reversals and continuations. Utility and Use Cases: Trend & Momentum Analysis - Utilize the tool's Heikin-Ashi visualization for clearer trend identification in confluence with it's MACD and histogram to gain additional insights into the strength and direction of trends, while filtering out potential false positives. Breadth Analysis - Explore market breadth through the MSI's cumulative breadth indicator, gauging the overall health and strength of the underlying market. - Alerts Setup Guide - The Enhanced MSI is a robust indicator that combines the breadth analysis of the McClellan Summation Index with the clarity of Heikin-Ashi visualization and additional momentum insights from MACD and histogram calculations. Its customization options make it adaptable to various indices and market conditions, offering traders a comprehensive tool for trend and momentum analysis.
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EliCobra tarafından
5
External Indicator Analysis Overlay | Buy/Sell | HTF Heikin-AshiThis chart overlay offers multiple candlestick display options. The Regular (Japanese) and the Heikin-Ashi candles are well known. The Mari-Ashi (or Renko) option is something special as it should be timeframe independent, so that sideways action should be represented in one candle. That is difficult to realize as an overlay on the normal candlestick structure, but perhaps the chosen implementation is useful nonetheless. The Velocity option is experimental and is designed to show if the price has accelerated too much in a trend direction. In this case, the highs and lows do not reflect the actual highs and lows, but indicate the overshooting velocity. The opening of the candle also depends on the inherent velocity, but the close of the candle is always the actual close. Anyway, it doesn't look very useful, but the option is there. All options can be applied to higher timeframes. A usable setting is obtained by disabling only the body of the TradingView candles in regular mode and enabling this overlay. A large part of this overlay consists of buy/sell indication settings. For activation it is necessary to select an external source. For example the “Relative Bi-Directional Volatility Range”, specifically the Trend Shift Signal (TSS). This signal switches from 0 to 1, if the trend becomes bullish or from 0 to -1, if the trend becomes bearish. It will be automatically detected without specifying the Indication Type. Alternatively, the Volatility Moving Average (VMA) would meet the requirements for the Indication Type “Buy = positive | Sell = negative”. The Moving Average Convergence Divergence (MACD) also fulfills these conditions. Another example is to use any Moving Average with the Indication Type “Buy = rising | Sell = falling”. In the chart above the Hull Moving Average (HMA) is used. In addition, it is possible to reverse the signal, so that positive signals become negative and vice versa. The signals will be labeled as Buy or Sell on the chart. The user can analyze whether the provided signals are good or bad indications for going long or short or simply for rebalancing a portfolio. Therefore, it is possible to set a starting point for the analysis and choose a weighting for the investments from 0% to 100% of the portfolio. To avoid sleepless nights, a very reliable (and conservative) setting seems to be Rebalancing with 50% (very similar to the well-known 60/40 portfolio). The calculation results are shown in a table. As a small addition there is the possibility to label the peaks by setting the distance between the highs/lows. This will make the quality of the buy and sell signals even more clear.
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metka183 tarafından
16