|AG| Heiken Ashi Scanner|AG| Heiken Ashi Scanner
Heiken Ashi shares some characteristics with standard candlestick charts but differs
based on the values used to create each candle.
Instead of using the open, high, low, and close like standard candlestick charts,
the Heikin-Ashi technique uses a modified formula based on two-period averages.
This gives the chart a smoother appearance, making it easier to spots trends and reversals,
but also obscures gaps and some price data.
Heikin Ashi in my perspective is one of the best trend detectors in long term scenarios.
The use of Heiken Ashi Smoothed could be determined by the use of a moving average.
The use of Smoothed with Simple, Exponential, and Hull Moving Average are included in this script.
Script Explanation:
This Script is going to plot us different Heikin Ashi when they are up ( Bullish ) is going to be colored.
7 different Time-Frames are going to be taken into account.
Also is possible to modify the Length Setting and the MA calculation.
Setting Options:
↪Scanner TIME:
↪This Script (Scanner) is going to show us different Heiken Ashi Time-Frames
↪7 in total.
↪Higher Time-Frames
60 - 120 - 240 - 480 - 1D - 3D -1W
↪Lower Time-Frames
1 - 5- 15 -30 -60 - 120 -240
↪Smoothed?:
↪Select Turn On/Turn Off
↪Is going to select or deselect Smoothed Heiken A. or change in base our configuration.
↪Select Type:
↪This option let us select between:
↪ Exponential and Hull Moving Average.
↪Length Options
↪Length 1
↪Length 2
↪ In EMA and SMA I prefer 1:3 and 1:5
↪And In Hull MA. I prefer 10:1
↪Design Settings
↪Color Options
↪ U can select different color options.
↪ My Favorites are Orange, Aqua, and Purple.
↪Transparency
↪Set Transparency 0 is 100% visible and 100 is invisible.
↪LineWidth (defval= 5)
↪Set the thickness
↪Show Information Panel
↪ We are going to have a little informative panel in the right so we could
have a quick look at the trend.
↪Panel Position Offset (defval= 33)
Examples Of Color Options:
Examples Of Configurations:
Ashi
Heikin-Ashi Source Function HTFHigher TimeFrame using custom source function for toggling traditional Candle sources or Heikin-Ashi sources on a traditional Candles chart.
Thanks to PineCoders for rounding method: www.pinecoders.com
Thanks to @LucF and @RicardoSantos for their advice and enlightenment as always.
NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Separated Moving Average - evoHere are two moving averages, one based on positive candles and the other based on negative candles. If the current bar is positive, the negative MA will use its last known negative bar for the calculation. The default setting uses Heikin Ashi to smooth the candles with the trend, you can turn this off if you want in inputs.
Let me know if you find it useful :)
Off-chart 21 MA, Bollinger Bands and Heikin Ashi CandlesThis off-chart indicator provides three basic and useful tools for trend trading in Bitcoin and probably other markets. Heikin Ashi candles being utilized with classic candle patterns at the same time could be considered as a conservative and safe confirmation approach for entring your position.
21 MA, Bollinger Bands and Heikin AshiThis on-chart indicator provides three basic and useful tools for trend trading in Bitcoin and probably other markets. Moving and Bollinger lines act as strong support and resistance in 4H resolution. Heikin Ashi candles being utilized with classic candle patterns at the same time could be considered as a conservative and safe confirmation approach for entring your position.
Heatmap trending MalaysiaThis heatmap chart is created base on Heikin Ashi trend for Malaysia Major Index
CONSTRUCTN ,TECHNOLOGY,FINANCE,CONSUMER,PROPERTIES,IND-PROD,PLANTATION,REIT.
This allow compare to malaysia stock for macro trending.
Lastly ,thank to LonesomeTheBlue which inspire me for this coding .
Heikin-Ashi Source FunctionCustom source function for toggling traditional Candle sources or Heikin-Ashi sources on a traditional Candles chart.
Thanks to PineCoders for rounding method: www.pinecoders.com
Thanks to @LucF and @RicardoSantos for their advice and enlightenment as always.
NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Pivot Points Standard Asian RangeThis script is a trend following template for intraday trading. When the moving averages cross, you get your signal to look for buy/ sell trades only. wait for price to pullback before entering for continuation trades. Can be used for counter trend trading strategy as well. Best used with heiken-ashi candles.
Briz HA MTF - A Heikin-Ashi Multi-Timeframe Indicator Ever wanted to know what Heikin-Ashi candles are showing for multiple time frames at a glance? Adjustable time frame for each row. Arrows show when each column is either all green (white up arrow) or all red (yellow down arrow).
Smooth HA / Hull MA / MTF===========
Smooth HA / Hull MA / MTF
===========
A combination of a Smoothed Heikin Ashi Chart Line and a Hull MA Line, paints a "Long" or "Short" alert when the Hull MA changes color - editable settings for the smoothing of HA data and Hull MA Length; you can also change the time frame used (must be the same or longer as the chart).
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This indicator does a real good job at finding highs and lows (otherwise known as entry and exit points!) picking up on just about every large, decent swing and making the most from those big moves! The disadvantage of all Smoothed HA strategies are when times are choppy or ranging - given the natural lag of the indicator you can be sure in choppy times you'd be buying at the top and selling at the bottom almost every time ~ No indicator is perfect!
This Smooth HA/Hull MA indicator also has a built in MTF function (Multi-Time-Frame). This means you can be using a 1hr chart and set the indicator to a 4hr chart - generally any movements on a greater time frame will overcome any movements of the smaller time frame, so this is where you should be gathering data about which direction the market is moving - as always, follow the trend.
Hope (like always) this is of at least some use to some people.
Good Luck and Happy Trading!
Heikin Ashi With Moving Averages This script is using 4 moving averages, 2 for short term movements, and 2 for long term movements.
Used on Heikin Ashi will help identify short term that is true short term, and Short Term that will most likely turn into a long term trend.
color coded candlesticks will identify if the price action is low in RSI or STOCH. colors can be changed in settings
If you need help understanding the settings let me know ill help you just post the question
You will need to add Heikin Ashi on your chart to get the full effect of this script. Nevertheless, you can use it on traditional candlesticks
Supertrend MTF Heikin AshiThis 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, Momentum etc.
Enjoy!
[TVExtBot]HeikinAshi Trend Indicator v1.0Heikin-ashi Trend Indicator v1.0
BYBIT:BTCUSD
This indicator analyzes trends with Heikin-ashi Ass and EMA to buy and sell, and closes positions by analyzing patterns of Bollinger bands and candles.
The numbers at the top and bottom of the indicator are the RSI values.
Only overbought 30 or less and oversold 70 or more are displayed.
이 지표는 하이킨아시와 EMA로 트랜드를 분석하여 매수와 매도 진입을 하고 볼린저밴드와 캔들의 패턴을 분석하여 포지션종료를 합니다.
지표의 상단과 하단에 표시된 숫자는 RSI값입니다.
과매수 30이하와 과매도 70이상만 표시합니다.
BERLIN CandlesA 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 actual price action is lost, because the candles can be bigger than the high and low of the underlying japanese candlestick.
With BERLIN Candles I have tried to fix that problem. By using a smoothed out version of the previous Heikin Ashi candle close as the current BERLIN Candle open, the high and low of the actual japanese candlestick for the high and low of the BERLIN Candle, and the current Heikin Ashi close as the BERLIN Candle close, while setting hard limits for BERLIN Candle open and close values so that they can never exceed the high and low of the underlying japanese candlestick.
One problem still persists though. The actual current price data is lost. However, the BERLIN Candles have solved this by adding a fifth part to the candles. The close of the underlying japanese candlesticks are indicated with a plus-sign. This way, actual price data is never lost, while keeping all of the other benefits of this type of candles.
A few added bonuses:
The addition of the 14 period ATR at the latest candle
The baseline from Ichimoku is included as an option
The 14 period ATR value of each candle can be seen in the indicator data as
the orange value
Trendy Bar Trend ColorTrendy Bar Trend Color
Inspired by trend candlestick charts on other trading platforms. Changes bar colors to stay in trend much like Heikin Ashi candles without the ATR price distortion. This is done by comparing the HL2 and/or Open-Close values of current candlestick to the prior candlestick.
Ninja Heiken Ashi Flip on PSARThis indicator demonstrates Heiken Ashi Candles (HA) and PSAR settings that have flipped in sequence.
It will show a BUY/SELL signal for the First Flat Bottom/Top HK candle that has flipped on the PSAR.
It will show a BUY 20 Alert for the First Flat BOTTOM HA Candle that has flipped on the PSAR + When the stochastic is AT or BELOW the 20 marker.
It will show a SELL 80 Alert for the First Flat TOP HA Candle that has flipped on the PSAR + When the stochastic is AT or ABOVE the 80 marker.
It is designed to provide a visual demonstration that selected indicators have met certain criteria and is NOT meant to be a trading system or offer trading advice. The indicator offers alert possibilities when the above criteria are met.
SBER HA Smooth ContainerSBER's modified Heikin Ashi Smoothed Container
Uses EMA 16 and Heikin Ashi Candles.. For NIFTY and its stocks only.
Heiken Ashi Triangles at the Top and Bottom of ScreenHeiken 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)
Real Candles Heikin Ashi (HA) Candle functionsThis 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 at HA candle values to make trading decisions.
Add the code below to calculate HA candles from real and use that in your HA trading algo,
but test it on real charts.
QuantNomad - Heikin Ashi Colors Higher TimeframeSimple script displaying color of Heiken Ashi candles from higher timeframes as a background.
Heiken AshiHeikin Ashi charts are similar to candle charts, but the main difference is that a Heikin Ashi chart uses daily price averages to show the movement of the average price of an asset.
The idea is to use the heikin Ashi technique as an indicator and not as the main chart, to avoid enter or exist the market too late.
Key concepts:
- The averaged open and close help filter some of the market noise, creating a chart that tends to highlight the trend direction better than typical candlestick charts.
- The downside is that some price data is lost with averaging. The most recent price (close) may not reflect the actual price of the asset, which could affect risk.
- Long down candles with little upper shadow represent strong selling pressure. Long up candles with small or no lower shadows signal strong buying pressure.
Extra functions in this indicator:
- Trend Bar indicator, uptrend(green), downtred(red), warning or indecision (yellow).
- Long and Short Labels base on trend and Heikin Ashi entries.
- Change the color of the main chart Candlesticks as the Heikin Ashi indicators.
- Alerts for long and short entries.
- Size of Labels.
Heiken-Ashi CandlesSimple 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! ->