This is an answer back to repeated requests for a simple version of Bjorgum Triple EMA Strat, which is not recommended for use with Heiken Ashi candles as it results in "double smoothing" of the averages and can give late signals as a result.
The inputs are raw and super basic. At its core its really just 3 EMAs that you can customize the source and length. The...
A buy signal is generated when the indicator turns upwards from previous indicator level.
A sell signal is generated when the indicator turns downwards from previous indicator level.
The indicator is trend-following, and based on averages, so by its nature it doesn't pick a bottom, but rather shows when a rally has started.
It is designed for daily period...
This is a flexible currency strength indicator and you can adjust it to any currency you wish 'to measure'. By default, it is set to measure USD major pairs. Indicator calculates every pair you list, and plots one composite chart in the form of Heikin Ashi candles. Basically, you will get USD index in this case. Similarly, you can get AUD, EUR, CAD, JPY, CHF, etc...
Today I bring you a simple and efficient indicator/strategy based only on HA.
Can be used together with other TA tools or alone.
The idea behind is simple :
We have to forms to calculate the candle, using inner HA candles or normal candles. Once we have that we apply certain rules to get the max high, min low, open and close(ohlc)
With that then we check for...
This code is based on Smoothed HA candle which will work on all chart types
condition for BUY:
1. When close crosses Smoothed HA
2.Close should be in side upper band
3.BBW must be greater than the average
vice versa for sell
this code takes data from HA chart so that it can be applied on all chart type.
Bollinger band and Bollinger band width conditions added...
You can use this script to setup alerts on Heikin-Ashi bar color change.
You have to apply this script to usual candles and not Heikin-Ashi!!!
Background color indicates HA bar color. On change you'll see green/red arrows and alert will be fired.
Also you can find in the code calculations of all HA OHLC values.
This 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,...
Continue experimenting with different combinations of strategies.
Here is the PSAR Strategy calculated based on HA candles. HA is already calculated inside the script, do not apply it to HA candles.
Strategy is calculated based on 25% equity invested with 0.1% commission.
Please remember that past performance may not be...
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...
I originally wrote this script earlier this year for my own use. This released version is an updated version of my original idea based on more recent script ideas. As always with my Alert scripts please do not trade the CALL/PUT indicators blindly, always analyse each position carefully. Always test indicator in DEMO mode first to see if it profitable for your...
Much confusion exists in the TradingView community about backtesting on non-standard charts. This script tries to shed some light on the subject in the hope that traders make better use of those chart types.
Non-standard charts are:
Heikin Ashi (HA)
Point & Figure
These chart types are called non-standard because they all transform market...
Using this script you can create alerts for my Heikin-Ashi PSAR Strategy:
When creating alerts use "Once Per Bar Close" in parameters.
Please remember that past performance may not be indicative of future results.
Due to various factors,...
Heikin Ashi Candles - Actual Close is a simple script that instead of displaying Heikin Ashi Close it displays the actual close.
This script is a handy tool for anyone that wants to use Heikin Ashi candles that displays the real close. The coloring of the candles is still based on the Heikin Ashi calculations.