Period= Length of the slow HA
Fastend and Slowend = just calculations for the Kama function no need to change those.
Signal= Shows/Hides the triangles
Fastend and Slowend = just calculations for the Kama function no need to change those.
Signal= Shows/Hides the triangles
study("Slow Heiken Ashi",overlay=true,precision=0) //by Glaz. //KAMA function p=input(6,title='Period') fastend=input(0.666,step=0.001) slowend=input(0.0645,step=0.0001) kama(close,amaLength)=> diff=abs(close[0]-close[1]) signal=abs(close-close[amaLength]) noise=sum(diff, amaLength) efratio=noise!=0 ? signal/noise : 1 smooth=pow(efratio*(fastend-slowend)+slowend,2) kama=nz(kama[1], close)+smooth*(close-nz(kama[1], close)) kama //Slow Heiken Ashi hakamaper=1/2 Signal=input(true) Om=sma(open,p) Hm=sma(high,p) Lm=sma(low,p) Cm=sma(close,p) vClose=(Om+Hm+Lm+Cm)/4 vOpen= kama(vClose[1],hakamaper) vHigh= max(Hm,max(vClose, vOpen)) vLow= min(Lm,min(vClose, vOpen)) // Plots vcolor= vOpen>vClose ?red:green plotcandle(vOpen,vHigh,vLow,vClose,color=vcolor) //signals plotchar(Signal?(cross(vOpen,vClose) and vOpen[1]<vClose[1]?vHigh:na):na,char='▼',color=white,transp=0,location=location.absolute) plotchar(Signal?(cross(vOpen,vClose) and vOpen[1]>vClose[1]?vLow:na):na,char='▲',color=white,transp=0,location=location.absolute) //http://www.wisestocktrader.com/indicators/3110-heikein-ashi-smooth-trading-system