MrBS:EMA/SMA/HMA (Heikin Ashi Calc)
This indicator allows you to base the MA calculation from Heikin Ashi values on normal charts and/or the real OHLC values while looking at Heikin Ashi.
There are 3 MA types you can select - EMA / SMA / HMA
The colour is based on the slope.
I made this to help me visualize my DMI+ strategy, when I was looking at taking signals from Heikin Ashi but looking at candlesticks. Turns out, I was going down the wrong road. Now I'm looking into using the real OHLC values for generating signals but watching the Heikin Ashi chart as I find it easier to see trends on it.
Hopefully its useful to some people, and if you have any suggestions for improvements I'd love to know.
There are 3 MA types you can select - EMA / SMA / HMA
The colour is based on the slope.
I made this to help me visualize my DMI+ strategy, when I was looking at taking signals from Heikin Ashi but looking at candlesticks. Turns out, I was going down the wrong road. Now I'm looking into using the real OHLC values for generating signals but watching the Heikin Ashi chart as I find it easier to see trends on it.
Hopefully its useful to some people, and if you have any suggestions for improvements I'd love to know.
Release Notes:
Minor Update to make it line up with the Trend Friend Strategy update I am about to upload. I have changed it so instead of being an overlay, it will plot the DMI and ADX in a pane, so now we need the MA filter to be a separate indicator that can be overlaid.