dman103

Heikin Ashi Trend Indicator

My own implantation of Heikin Ashi which i call HAT.
The Heikin Ashi Trend Indicator (HAT) used to determine the price direction of an asset, as well as draw attention to when the price direction is changing.
The HAT indicator translates the current close/open/high/low into Heikin Ashi and smooths them a bit using Tilson T3 formula.
Buy signal when Heikin Ashi Close is bigger than Heikin Ashi Open with Tilson T3 smoothing.
Sell signal when Heikin Ashi Open is bigger than Heikin Ashi Close with Tilson T3 smoothing.

Set the 'percentSqueeze' percentage to display possible reversal with light Red/Green crosses.

Green - Up Trend
Light Green - Possible reversal is near
Red - Down Trend
Light Red - Possible reversal is near


Follow for more indicators: https://www.tradingview.com/u/dman103/#p...
Release Notes: Added MTF support (optional, default is base time frame)
Added Bar Color support (optional, default is 'false')
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Appreciation of my work: https://paypal.me/drorriov

Kommentarer

Hi, thanks a lot for your sharing !
It should be help me to take descision when I take a position.
Nice idea to add MTF :)
Svara
dman103 lov3crypt0
@lov3crypt0, Your welcome mate, I will update this indicator if i see it can be even better, also based on community suggestions. I am working on a different Heikin Ashi indicator, Follow to be notified.
Svara
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