Heikin Ashi Oscillator — Indicator by TraderHalai

candlestickanalysis oscillator trendanalysis heiken ashi heikin heikinashi reverse delta pivot

This indicator plots a delta between the Heiken Ashi close price and the regular candlestick closing price as a histogram, which allows you to quickly analyse changes in trend
direction.

It also provides a reverse-engineered closing price for regular candlesticks, to reach in order to maintain the momentum, which allows you to be forewarned of potential pivot points to change in bias in direction.

Feel free to use this indicator to modify and add to your charts as you wish.

Release Notes:

Functions to avoid repaint if backtesting. Update to use columns instead of Histogram. Minor cleanup

Release Notes:

New Feature: Update script to allow for smoothing function similar to the On-Chart script that has been created also

Smoothed Heikin Ashi Trend on Chart - TraderHalai

Release Notes:

Added some spicy smoothing methods - Hull Moving Average, Volume Weighted Moving Average and RSI Moving Average

Release Notes:

Update info box text to include volatility to assess trend strength

Release Notes:

Add grow/fall colours similar to MACD to aid with visual assistance

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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