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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.
Pine Script® indicator
by alasalbasel
1
True BarcolorHeikin Ashi can be useful for understanding trend based on price action but it doesn't take volume in context. Here I have tried to use volume for understanding true bar color and ultimately true trend analysis. It can also help you in not getting trapped in sudden shakeouts. Also, you can use it for averaging of your existing position. Conditions used: Relative closing price Relative volume against previous bar and overall moving average of volume Volume analysis Trend analysis
Pine Script® indicator
by iitiantradingsage
43
Heikin Ashi + Price Action Crypto LONG StrategyThis is a simple and efficient crypto strategy, designed for big timeframes like 12/24h. On history it beats buy and hold strategy in many ocasions, and because of a low DD, pyramid can be used to elevate our winnings while still keeping a low DD < 40% avg. For the purpose of this example, I used 100% of the capital on each trades, together with a comission of 0.1% Warning : THERE IS NO STOP LOSS ON THIS STRATEGY ,USE IT AT YOUR OWN RISK This strategy is made with inside Heikin Ashi candles , together with some price actions logics like for long Close > High and green candle and High > High . We exit when we have a red candle and the current close is lower than the previous Low If you have any questions, message me in private !
Pine Script® strategy
by SoftKill21
9
GCM Heikin Ashi with PivotsTitle: GCM Heikin Ashi with Pivots Description: Overview This indicator provides a powerful combination of trend visualization, precise reversal signals, and volume confirmation in a clean, customizable sub-chart. It is designed to help traders identify trend momentum using Heikin Ashi candles, pinpoint confirmed swing highs and lows (pivots), and spot surges in buying pressure with our unique Volume Rate-of-Change (VROC) highlighter. The key feature of this script is its non-repainting pivot signals. A pivot high or low is only confirmed and plotted after a specific number of subsequent bars have closed, ensuring the signals are reliable and do not change after they appear. Key Features Heikin Ashi Sub-Chart: Displays smoothed Heikin Ashi candles in a separate pane to clearly visualize trend strength and direction without cluttering the main price chart. Non-Repainting Pivot Signals: Uses ta.pivothigh and ta.pivotlow to identify confirmed swing points. The signals will not repaint or move once they are printed on the chart. Smart Volume Spike Analysis (VROC): A Heikin Ashi candle will be highlighted in a distinct bright green (#2dff00) when the volume increases significantly on a bullish price candle. This "volume-confirmed" candle can signal strong conviction behind a move. Complete Label Customization: Take full control over the look and feel of your signals: Label Mode: Choose between "High & Low" (H/L) or "Buy & Sell" (B/S) to match your trading terminology. Custom Colors: Set unique colors for both the high and low pivot labels. Label Style: Select from various shapes like boxes, circles, diamonds, or squares. Label Size: Adjust the size of the labels from Tiny to Huge for perfect visibility. Adjustable Pivot Sensitivity: Fine-tune the pivot detection algorithm by setting the number of bars required to the left (strength) and right (confirmation) of a pivot point. How to Use & Interpret the Signals Assess the Trend with Heikin Ashi: A series of green HA candles with little to no lower wicks indicates strong bullish momentum. A series of red HA candles with little to no upper wicks indicates strong bearish momentum. Look for Volume Confirmation: A bright green highlighted candle signals a surge in buying pressure (VROC spike). This adds significant weight to bullish moves and can act as a leading indicator for a new leg up. Identify Entry/Exit Points with Pivot Labels: An "L" or "B" label marks a confirmed swing low. This is a potential buying opportunity, especially if it is followed by green Heikin Ashi candles and, ideally, a bright green VROC spike candle. An "H" or "S" label marks a confirmed swing high. This is a potential selling/shorting opportunity, especially as HA candles turn red. Example Strategy (High-Confluence) A powerful way to use this indicator is to look for a sequence of events: Wait for a "Buy" (B) or "Low" (L) signal to appear, confirming a bottom has likely formed. Wait for the first bright green VROC spike candle to appear after the signal. This confirms that buyers are stepping in with conviction. Consider an entry based on this high-confluence setup, using the swing low as a potential stop-loss area. Settings Explained Pivot Detection: Left Bars (Strength): Number of bars to the left of a pivot. A higher number finds more significant pivots. Right Bars (Confirmation): Number of bars to the right required to confirm a pivot. This creates a lag for reliability. Volume Spike Detection (VROC): Enable Volume Spike Highlighting: Turn the bright green candle highlight on or off. VROC Length: The lookback period for calculating the volume's rate of change. VROC Threshold %: The percentage volume must increase to trigger a highlight. Label Customization: Label Text Mode: Choose between "High & Low" or "Buy & Sell". Label Color, Style, and Size: Full cosmetic control for the pivot labels. Final Note This indicator is a tool to aid in technical analysis and should not be used as a standalone trading system. Always use it in conjunction with other analysis methods, proper risk management, and a sound trading plan. Enjoy!
Pine Script® indicator
by uniGram
28
LinReg Heikin Ashi CandlesLinear Regression Heikin Ashi Candles will dramatically change how the candlesticks on your chart will appear. This script creates Heikin Ashi candles from the existing candlesticks and then applies wickless Linear Regression candles as an overlay. The result is an ultra smoothed 'Renko-like' chart that remains time-based and responsive. Key Features: Heikin Ashi Base: Provides a smoother representation of price trends by filtering out noise. Linear Regression Candles on Heikin Ashi: Plots Linear Regression lines as candles on the Heikin Ashi chart, potentially highlighting the immediate trend direction and momentum within the smoothed data. Wicks are intentionally removed for a clearer focus on the linear progression. Tillson T3 Moving Averages: Includes fast and slow T3 Moving Averages with customizable length and alpha. These smoothed moving averages can help identify trend direction and potential crossover signals. Users can toggle their visibility. Volatility Bands: Integrates Volatility Bands based on Average True Range (ATR) with customizable length, ATR type (RMA, SMA, EMA, WMA), and inner/outer multipliers. These bands help gauge price volatility and potential reversal zones. Users can toggle the visibility of the basis line. Customizable Colors: Allows users to customize the colors of the Linear Regression Heikin Ashi bullish and bearish candles. How to Use: This is an overlay on your chart so you'll need to 'hide' the existing candlesticks on your chart. This indicator can be used on any timeframe from seconds to days to quickly identify market trend, gauge volatility, and potentially find entry/exit points. Consider looking for confluence between the candle color/direction, T3 MA crossovers, and price interaction with the Volatility Bands. Note: This indicator plots Linear Regression directly on Heikin Ashi candles, removing wicks for a focus on the linear trend within the smoothed data. Adjust the input parameters to suit your trading style and the specific market conditions. HUGE CREDIT to ugurvu who originally created the Linear Regression Candles indicator that my indicator pulls code from.
Pine Script® indicator
by B3AR_Trades
12
Innocent Heikin Ashi Ethereum StrategyHello there, im back! If you are familiar with my previous scripts, this one will seem like the future's nostalgia! Functionality: As you can see, all candles are randomly colored. This has no deeper meaning, it should remind you to switch to Heikin Ashi. The Strategy works on standard candle stick charts, but should be used with Heikin Ashi to see the actual results. (Regular OHLC calculations are included.) Same as in my previous scripts we import our PVSRA Data from @TradersReality open source Indicator. With this data and the help of moving averages, we have got an edge in the market. Signal Logic: When a "violently green" candle appears (high buy volume + tick speed) above the 50 EMA indicates a change in trend and sudden higher prices. Depending on OHLC of the candle itself and volume, Take Profit and Stop Loss is calculated. (The price margin is the only adjustable setting). Additionally, to make this script as simple and easily useable as possible, all other adjustable variables have been already set to the best suitable value and the chart was kept plain, except for the actual entries and exits. Basic Settings and Adjustables: Main Input 1: TP and SL combined price range. (Double, Triple R:R equally.) Trade Inputs: All standard trade size and contract settings for testing available. Special Settings: Checkbox 1: Calculate Signal in Heikin Ashi chart, including regular candle OHLC („Open, High, Low, Close“) Checkbox 2/3: Calculate by order fill or every tick. Checkbox 4: Possible to fill orders on bar close. Timeframe and practical usage: Made for the 5 Minute to 1 hour timeframe. Literally ONLY works on Ethereum and more or less on Bitcoin. EVERY other asset has absolute 0% profitability. Have fun and share with your friends! Thanks for using! Example Chart:
Pine Script® strategy
by ppx10
RSI Candle with Connors RSI and Heikin Ashi (CRSICHA)This script was designed to work and feel like the built in RSI script but with a lot of added feature that traders might enjoy. You get to see the RSI represented as candle sticks OR Heikin Ashi. I have added in Connors RSI as a bonus so you can see what this lesser used study looks like in candle form. Just like in the original script I have moving averages and Bollinger Bands. I must say, Heikin Ashi really excells in this situation because you don't need to know an exact price! As always I hope every one finds this useful! Enjoy!
Pine Script® indicator
by The_Peaceful_Lizard
11
First Heikin-Ashi Candle Tracker [CHE] First Heikin-Ashi Candle Tracker "A Heikin-Ashi Candle Rarely Comes Alone" 1. Introduction Fundamental Observation - "A Heikin-Ashi Candle Rarely Comes Alone" - This principle highlights the tendency of Heikin-Ashi candles to appear in sequences, indicating sustained trends rather than isolated movements. - Recognizing these patterns can significantly enhance trading strategies by identifying stronger and more reliable entry points. 2. Understanding Heikin-Ashi Candles What Are Heikin-Ashi Candles? - Heikin-Ashi is a type of candlestick chart used to identify market trends more clearly. - Calculation Method: - Ha_Close: (Open + High + Low + Close) / 4 - Ha_Open: (Previous Ha_Open + Previous Ha_Close) / 2 - Ha_High: Maximum of High, Ha_Open, Ha_Close - Ha_Low: Minimum of Low, Ha_Open, Ha_Close - Visual Differences: - Smoother appearance compared to traditional candlesticks. - Helps in filtering out market noise and highlighting the prevailing trend. Benefits of Heikin-Ashi Candles - Trend Clarity: Easier identification of uptrends and downtrends. - Reduced Noise: Minimizes the impact of insignificant price movements. - Visual Appeal: Cleaner charts enhance decision-making processes. 3. Introducing the First Heikin-Ashi Candle Tracker [CHE ] Purpose of the Indicator - Track First Heikin-Ashi Candles: Identifies the initial appearance of Heikin-Ashi candles across multiple timeframes. - Enhance Trading Decisions: Provides visual cues for potential long and short entries based on trend confirmations. Key Features - Multi-Timeframe Support: Monitor Heikin-Ashi candles across different timeframes (e.g., 240, 60, 30, 15 minutes). - Customizable Visuals: Adjustable colors and line widths for better chart integration. - User-Friendly Interface: Easy-to-configure settings tailored to individual trading preferences. - Max Line Management: Controls the number of displayed lines to maintain chart clarity. 4. How to Use the First Heikin-Ashi Candle Tracker Step-by-Step Guide 1. Enable Desired Groups: - Activate up to four groups, each representing a different timeframe. - Customize each group's settings according to your trading strategy. 2. Configure Timeframes: - Select timeframes that align with your trading style (e.g., short-term vs. long-term). 3. Set Candle Types to Track: - Choose to monitor Both, Green (Bullish), or Red (Bearish) Heikin-Ashi candles. - Focus on specific candle types to streamline entry signals. 4. Customize Visual Indicators: - Adjust Green Line Color and Red Line Color for clear distinction. - Modify Line Width to ensure visibility without cluttering the chart. 5. Manage Line Limits: - Set the Max Number of Lines to prevent overcrowding. - The indicator will automatically remove the oldest lines when the limit is exceeded. 6. Interpret Signals: - Green Lines: Indicate potential Long entry points. - Red Lines: Indicate potential Short entry points. - Observe the sequence and frequency of candles to assess trend strength. Practical Example - Uptrend Identification: - Consecutive green Heikin-Ashi candles with corresponding green lines signal a strong upward trend. - Consider entering a Long position when the first green candle appears. - Downtrend Identification: - Consecutive red Heikin-Ashi candles with corresponding red lines signal a strong downward trend. - Consider entering a Short position when the first red candle appears. 5. Benefits and Utility Enhanced Trend Detection - Early Signals: Identify the beginning of new trends promptly. - Confirmation: Multiple timeframes provide robust confirmation of trend direction. Improved Entry Points - Precision: Pinpoint optimal moments to enter trades, reducing the risk of false signals. - Flexibility: Suitable for both Long and Short strategies across various markets. User-Friendly Operation - Intuitive Settings: Easily configurable to match individual trading preferences. - Visual Clarity: Clear lines and color-coding facilitate quick decision-making. Time Efficiency - Automated Tracking: Saves time by automatically identifying and marking relevant candles. - Multi-Timeframe Analysis: Consolidates information from different timeframes into a single view. 6. Why Use the First Heikin-Ashi Candle Tracker ? Strategic Advantages - Market Insight: Gain deeper understanding of market dynamics through Heikin-Ashi analysis. - Risk Management: Improved entry points contribute to better risk-reward ratios. - Versatility: Applicable to various trading instruments, including stocks, forex, and cryptocurrencies. Why Heikin-Ashi for Entries? - Trend Reliability: Heikin-Ashi candles smooth out price data, providing more reliable trend indicators. - Reduced Whipsaws: Fewer false signals compared to traditional candlestick charts. - Clarity in Decision-Making: Simplifies the process of identifying and acting on market trends. Conclusion - The First Heikin-Ashi Candle Tracker is an essential tool for traders seeking to enhance their trend analysis and improve entry strategies. - By leveraging the power of Heikin-Ashi candles, this indicator offers a clear, user-friendly approach to identifying profitable trading opportunities. 7. Getting Started Installation 1. Add the Indicator: - Open TradingView and navigate to the Pine Script editor. - Paste the translated Pine Script code for the First Heikin-Ashi Candle Tracker . - Save and add the indicator to your chart. 2. Configure Settings: - Enable desired groups and set appropriate timeframes. - Customize colors and line widths as per your preference. - Adjust the maximum number of lines to maintain chart clarity. 3. Start Trading: - Monitor the chart for green and red lines indicating potential Long and Short entries. - Combine with other analysis tools for enhanced trading decisions. Support and Resources - Documentation: Refer to the included comments within the Pine Script for detailed explanations. - Community Forums: Join TradingView communities for tips and shared experiences. - Customer Support: Reach out for assistance with installation or configuration issues. 8. Disclaimer The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved. By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk. Happy Trading! Best regards Chervolino (Volker)
Pine Script® indicator
by chervolino
Standardized MACD Heikin-Ashi TransformedThe Standardized MACD Heikin-Ashi Transformed (St. MACD) is an advanced indicator designed to overcome the limitations of the traditional MACD. It offers a more robust and standardized measure of momentum, making it comparable across different timeframes and securities. By incorporating the Heikin-Ashi transformation, the St. MACD provides a smoother visualization of trends and potential reversals, enhancing its utility for traders seeking a clearer view of the underlying market direction. Methodology: The calculation of St. MACD begins with the traditional MACD, which computes the difference between two exponential moving averages (EMAs) of the price. To address the issue of non-comparability across assets, the St. MACD normalizes its values using the exponential average of the price's height. This normalization process ensures that the indicator's readings are not influenced by the absolute price levels, allowing for objective and quantitatively defined comparisons of momentum strength. Furthermore, St. MACD utilizes the Heikin-Ashi transformation, which involves deriving candles from the price data. These Heikin-Ashi candles provide a smoother representation of trends and help filter out noise in the market. A predictive curve of Heikin-Ashi candles within the St. MACD turns blue or red, indicating the prevailing trend direction. This feature enables traders to easily identify trend shifts and make better informed trading decisions. Advantages: St. MACD offers several key advantages over the traditional MACD- Standardization: By normalizing the indicator's values, St. MACD becomes comparable across different assets and timeframes. This makes it a valuable tool for traders analyzing various markets and seeking consistent momentum measurements. Heikin-Ashi Transformation: The integration of the Heikin-Ashi transformation smoothes out the indicator's fluctuations and enhances trend visibility. Traders can more easily identify trends and potential reversal points, improving their market analysis. Quantifiable Momentum: St. MACD's key levels represent the strength of momentum, providing traders with a quantifiable framework to gauge the intensity of market movements. This feature helps identify periods of increased or decreased momentum. Utility: The St. MACD indicator offers versatile utility for traders- Trend Identification: Traders can use the color-coded predictive curve of Heikin-Ashi candles to swiftly determine the prevailing trend direction. This aids in identifying potential entry and exit points in the market. Reversal Signals: Colored extremes within the St. MACD signal potential price reversals, alerting traders to potential turning points in the market. This assists in making timely decisions during market inflection points. Overbought/Oversold Conditions: The histogram version of St. MACD can be used in conjunction with the bands to detect short-term overbought or oversold market conditions, allowing traders to adjust their strategies accordingly. In conclusion, this tool addresses the limitations of the traditional MACD by providing a standardized and comparable momentum indicator. Its incorporation of the Heikin-Ashi transformation enhances trend visibility and assists traders in making more informed decisions. With its quantifiable momentum measurements and various utility features, the St. MACD is a valuable tool for traders seeking a clearer and more objective view of market trends and reversals. Key Features: Display Modes: MACD, Histogram or Hybrid Reversion Triangles by adjustable thresholds Bar Coloring Methods: MidLine, Candles, Signal Cross, Extremities, Reversions Example Charts: -Traditional limitations- -Comparisons across time and securities- -Showcase- See Also: -Other Heikin-Ashi Transforms-
Pine Script® indicator
by EliCobra
52
8x Heikin Ashi Streak (1m) by Bitcoin Benito🧭 Indicator Description: “8x Heikin Ashi Streak (1m) by Bitcoin Benito” **Purpose:** The *8x Heikin Ashi Streak* indicator helps traders quickly identify strong short-term momentum on the **1-minute timeframe**. It automatically tracks Heikin Ashi candles and alerts you whenever **8 consecutive bullish or bearish candles** appear — a visual cue that a strong intraday trend or exhaustion point might be forming. --- 🔍 **How It Works** * The indicator continuously counts Heikin Ashi candles in real-time. * When it detects **8 bullish (green)** or **8 bearish (red)** candles in a row: * A green ▲ marker appears **below** the 8th candle for bullish streaks. * A red ▼ marker appears **above** the 8th candle for bearish streaks. * You can set alerts to automatically notify you when these streaks occur. This makes it ideal for **momentum traders**, **scalpers**, and **trend-reversal spotters** who want to: * Catch strong intraday moves early. * Identify potential overextension zones before pullbacks. * Automate alert signals for short-term trading setups. IMPORTANT: Only trade when most of the 8 candles are below/above the EMA 8 Line respectively. Add an EMA 8 indicator to see if this is the case --- ⚙️ **How to Use** 1. **Apply to a 1-minute chart** (this script is optimized for 1m timeframes). 2. When the indicator plots a green or red triangle: * **Green triangle (8 bullish candles):** Trend momentum is strong upward. * **Red triangle (8 bearish candles):** Downward momentum is dominant. 3. Optionally, combine with volume or EMA filters to confirm breakouts or exhaustion. --- 🔔 **Setting Up Alerts** * Click the **Alert (🔔)** icon on TradingView. * Under *Condition*, select: * “8x Heikin Ashi Streak (1m)” → “8 Bullish Heikin Ashi (1m)” * OR “8x Heikin Ashi Streak (1m)” → “8 Bearish Heikin Ashi (1m)” * Choose **Once per bar close** to trigger the alert when the 8th candle completes. * Add your custom message, e.g. > “🚀 8 bullish Heikin Ashi candles in a row on 1-minute chart!” > “🔻 8 bearish Heikin Ashi candles in a row on 1-minute chart!” --- 📊 **Best Practices** * Works best on **liquid assets** (major forex pairs, indices, BTC/USD, etc.). * Pair with **RSI**, **EMA**, or **Volume** indicators for stronger confirmation. * Not a standalone buy/sell signal — treat it as a **momentum or exhaustion alert**. * Can be adapted to other timeframes by changing chart resolution. --- ⚠️ **Disclaimer** This indicator is for **educational and analytical purposes only**. Trading carries risk — always test on demo accounts and use proper risk management. No indicator guarantees profit; this is a tool for insight and timing, not financial advice.
Pine Script® indicator
by rememberit1
Sunil BB Blast Heikin Ashi StrategySunil BB Blast Heikin Ashi Strategy The Sunil BB Blast Heikin Ashi Strategy is a trend-following trading strategy that combines Bollinger Bands with Heikin-Ashi candles for precise market entries and exits. It aims to capitalize on price volatility while ensuring controlled risk through dynamic stop-loss and take-profit levels based on a user-defined Risk-to-Reward Ratio (RRR). Key Features: Trading Window: The strategy operates within a user-defined time window (e.g., from 09:20 to 15:00) to align with market hours or other preferred trading sessions. Trade Direction: Users can select between Long Only, Short Only, or Long/Short trade directions, allowing flexibility depending on market conditions. Bollinger Bands: Bollinger Bands are used to identify potential breakout or breakdown zones. The strategy enters trades when price breaks through the upper or lower Bollinger Band, indicating a possible trend continuation. Heikin-Ashi Candles: Heikin-Ashi candles help smooth price action and filter out market noise. The strategy uses these candles to confirm trend direction and improve entry accuracy. Risk Management (Risk-to-Reward Ratio): The strategy automatically adjusts the take-profit (TP) level and stop-loss (SL) based on the selected Risk-to-Reward Ratio (RRR). This ensures that trades are risk-managed effectively. Automated Alerts and Webhooks: The strategy includes automated alerts for trade entries and exits. Users can set up JSON webhooks for external execution or trading automation. Active Position Tracking: The strategy tracks whether there is an active position (long or short) and only exits when price hits the pre-defined SL or TP levels. Exit Conditions: The strategy exits positions when either the take-profit (TP) or stop-loss (SL) levels are hit, ensuring risk management is adhered to. Default Settings: Trading Window: 09:20-15:00 This setting confines the strategy to the specified hours, ensuring trading only occurs during active market hours. Strategy Direction: Default: Long/Short This allows for both long and short trades depending on market conditions. You can select "Long Only" or "Short Only" if you prefer to trade in one direction. Bollinger Band Length (bbLength): Default: 19 Length of the moving average used to calculate the Bollinger Bands. Bollinger Band Multiplier (bbMultiplier): Default: 2.0 Multiplier used to calculate the upper and lower bands. A higher multiplier increases the width of the bands, leading to fewer but more significant trades. Take Profit Multiplier (tpMultiplier): Default: 2.0 Multiplier used to determine the take-profit level based on the calculated stop-loss. This ensures that the profit target aligns with the selected Risk-to-Reward Ratio. Risk-to-Reward Ratio (RRR): Default: 1.0 The ratio used to calculate the take-profit relative to the stop-loss. A higher RRR means larger profit targets. Trade Automation (JSON Webhooks): Allows for integration with external systems for automated execution: Long Entry JSON: Customizable entry condition for long positions. Long Exit JSON: Customizable exit condition for long positions. Short Entry JSON: Customizable entry condition for short positions. Short Exit JSON: Customizable exit condition for short positions. Entry Logic: Long Entry: The strategy enters a long position when: The Heikin-Ashi candle shows a bullish trend (green close > open). The price is above the upper Bollinger Band, signaling a breakout. The previous candle also closed higher than it opened. Short Entry: The strategy enters a short position when: The Heikin-Ashi candle shows a bearish trend (red close < open). The price is below the lower Bollinger Band, signaling a breakdown. The previous candle also closed lower than it opened. Exit Logic: Take-Profit (TP): The take-profit level is calculated as a multiple of the distance between the entry price and the stop-loss level, determined by the selected Risk-to-Reward Ratio (RRR). Stop-Loss (SL): The stop-loss is placed at the opposite Bollinger Band level (lower for long positions, upper for short positions). Exit Trigger: The strategy exits a trade when either the take-profit or stop-loss level is hit. Plotting and Visuals: The Heikin-Ashi candles are displayed on the chart, with green candles for uptrends and red candles for downtrends. Bollinger Bands (upper, lower, and basis) are plotted for visual reference. Entry points for long and short trades are marked with green and red labels below and above bars, respectively. Strategy Alerts: Alerts are triggered when: A long entry condition is met. A short entry condition is met. A trade exits (either via take-profit or stop-loss). These alerts can be used to trigger notifications or webhook events for automated trading systems. Notes: The strategy is designed for use on intraday charts but can be applied to any timeframe. It is highly customizable, allowing for tailored risk management and trading windows. The Sunil BB Blast Heikin Ashi Strategy combines two powerful technical analysis tools (Bollinger Bands and Heikin-Ashi candles) with strong risk management, making it suitable for both beginners and experienced traders. Feebacks are welcome from the users.
Pine Script® strategy
by sunilsenapati
ORB Heikin Ashi SPY 5min Correlation StrategyOverview: The ORB (Opening Range Breakout) strategy combined with Heikin Ashi candles and Relative Volume (RVOL) indicator aims to capitalize on significant price movements that occur shortly after the market opens. This strategy identifies breakouts above or below the opening range, using Heikin Ashi candles for smoother price visualization and RVOL to gauge the strength of the breakout. Components: Opening Range Breakout (ORB): The strategy starts by defining the opening range, typically the first few minutes of the trading session. It then identifies breakouts above the high or below the low of this range as potential entry points. Heikin Ashi Candles: Heikin Ashi candles are used to provide a smoother representation of price movements compared to traditional candlesticks. By averaging open, close, high, and low prices of the previous candle, Heikin Ashi candles reduce noise and highlight trends more effectively. Relative Volume (RVOL): RVOL compares the current volume of a stock to its average volume over a specified period. It helps traders identify abnormal trading activity, which can signal potential price movements. Candle for correlation : In this case we are using SPY candles. It can also use different asset Strategy Execution: Initialization: The strategy initializes by setting up variables and parameters, including the ORB period, session timings, and Heikin Ashi candle settings. ORB Calculation: It calculates the opening range by identifying the high and low prices during the specified session time. These values serve as the initial reference points for potential breakouts. For this we are looking for the first 30 min of the US opening session. After that we are going to use the next 2 hours to check for breakout opportunities. Heikin Ashi Transformation: Optionally, the strategy transforms traditional candlestick data into Heikin Ashi format for smoother visualization and trend identification. Breakout Identification: It continuously monitors price movements within the session and checks if the current high breaches the ORB high or if the current low breaches the ORB low. These events trigger potential long or short entry signals, respectively. RVOL Analysis: Simultaneously, the strategy evaluates the relative volume of the asset to gauge the strength of the breakout. A surge in volume accompanying the breakout confirms the validity of the signal. In this case we are looking for at least a 1 value of the division between currentVolume and pastVolume Entry and Exit Conditions: When a breakout occurs and is confirmed by RVOL and is within our session time, the strategy enters a long or short position accordingly. It does not have a stop loss or a takie profit level, instead it will always exit at the end of the trading session, 5 minutes before Position Sizing and Commissions: For the purpose of this backtest, the strategy allocated 10% of the capital for each trade and assumes a trading commission of 0.01$ per share ( twice the IBKR broker values) Session End: At the end of the trading session, the strategy closes all open positions to avoid overnight exposure. Conclusion: The combination of ORB breakout strategy, Heikin Ashi candles, and RVOL provides traders with a robust framework for identifying and capitalizing on early trends in the market. By leveraging these technical indicators together, traders can make more informed decisions and improve the overall performance of their trading strategies. However, like any trading strategy, it's essential to backtest thoroughly and adapt the strategy to different market conditions to ensure its effectiveness over time.
Pine Script® strategy
by exlux
7
Simple Trend Indicator (Heikin-Ashi) | Lyro RSSimple Trend Indicator (Heikin-Ashi) A momentum oscillator using Heikin-Ashi smoothed data to filter trend direction with zero-line crosses. This indicator calculates the normalized deviation of Heikin-Ashi OHLC values from their Simple Moving Average (SMA), then averages these deviations into a single oscillator. It simplifies trend detection by: Reducing noise via Heikin-Ashi smoothing. Highlighting momentum shifts through a zero-line cross system (bullish/bearish). Providing clear visual signals with color-coded plots and directional dots. Originality: Unlike standard momentum oscillators, this tool uniquely combines: Heikin-Ashi normalization for cleaner trend analysis. Multi-component averaging (high, open, low, close) to balance sensitivity. Minimalist design for clutter-free charting. How It Works: Data Input: Fetches Heikin-Ashi OHLC values using request.security(). Momentum Calculation: For each Heikin-Ashi component: Computes % deviation from its SMA: (value − SMA(value, length)) / SMA(value, length) * 100. Oscillator: Averages deviations of all four components into one line (sum). Signals: Bullish: Oscillator > 0 (green). Bearish: Oscillator < 0 (red). Cross Confirmation: Dots (⦿) mark zero-line crosses. Usage: Trend Following: Enter long/short on sustained oscillator breaks above/below zero. Reversal Watch: Zero-line crosses may hint at weakening momentum. Filter: Combine with volume or support/resistance levels. ⚠️Disclaimer: This indicator is a tool for technical analysis and does not provide guaranteed results. It should be used in conjunction with other analysis methods and proper risk management practices. The creators of this indicator are not responsible for any financial decisions made based on its signals.
Pine Script® indicator
by LyroRS
BB with Heikin Ashi + Reversal CheckThis indicator combines Bollinger Bands (BB) with Heikin Ashi candles to detect potential reversal points after price breaks the BB boundaries. It works on any symbol and timeframe, retrieving Heikin Ashi data via request.security(). Core Features Heikin Ashi Candle Plot Smooths price action by using Heikin Ashi candles instead of regular candles. Candles are plotted directly on the chart with green (bullish) and red (bearish) colors. Bollinger Bands (BB) Calculated from Heikin Ashi close price. Includes Basis (MA), Upper Band, and Lower Band, with customizable MA type, length, and standard deviation multiplier. Break & Reversal Detection The indicator tracks whether the price has broken above the Upper Band (p1) or below the Lower Band (p2). It remembers the last breakout direction until the opposite breakout occurs (mutually exclusive logic). Signal Logic Long Signal (▲): Price was previously below the Lower Band and then reversed upward (BB Lower rising + Heikin Ashi candle rising). Short Signal (▼): Price was previously above the Upper Band and then reversed downward (BB Upper falling + Heikin Ashi candle falling). Alerts Custom alert conditions trigger when Long or Short signals occur, allowing automated notifications or bot integration. Use Cases ✅ Swing Trading / Trend Reversal – Identify potential bottom/top reversals after BB breakouts. ✅ Mean Reversion Strategies – Enter trades when the price reverts to the BB mean after an extreme breakout. ✅ Multi-Timeframe Analysis – Works with any timeframe and symbol via request.security(). Customization MA Type: SMA, EMA, RMA, WMA, VWMA BB Length & StdDev Multiplier Timeframe & Symbol Selection
Pine Script® indicator
by AliceTears
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.
Pine Script® indicator
by EliCobra
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