ChrisMoody

CM Heikin-Ashi Candlesticks_V1

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Heikin-Ashi Paint Bars.

Paints Candlesticks or OHLC Bars The Exact Same as Traditional Heikin-Ashi Bars
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// Plots Color Of Heikin-Ashi Bars while Viewing Candlestics or Bars
//Works on Candlesticks and OHLC Bars - Does now work on Heikin-Ashi bars - But I have verified its accuracy
// Created By User ChrisMoody 1-30-2014 with help from Alex in Tech Support

study(title = "CM_Heikin-Ashi_Candlesticks_V1", shorttitle="CM_Heik-Candles",overlay=true)

haclose = ((open + high + low + close)/4)//[smoothing]
haopen = na(haopen[1]) ? (open + close)/2 : (haopen[1] + haclose[1]) / 2

heikUpColor() => haclose > haopen
heikDownColor() => haclose <= haopen

barcolor(heikUpColor() ? aqua: heikDownColor() ? red : na)

Kommentarer

thank you , when will you make them smoothed? i am looking forward for it.
+4 Svara
Thank you
+1 Svara
ChrisMoody joe_vijay
No problem. I've been using this for close to 10 years. Will be coding the version that allows for "Smoothing" at some point.
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worldsapart89 ChrisMoody
@ChrisMoody, Hi Chris, what happened to the smoothing version? Sorry if it's already out and I can't see it. Also, I'm not sure if you've mentioned this anywhere else, but can you tell us the indicators that you use most frequently for stock trading?
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Very nice! thank you. This way I can plan my entries without switching between heikin ashi candles and traditional candles.
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Super! Do you only code of TV, or platforms as well?
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ChrisMoody Greenstream
Which platforms are you referring to?
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Hey Chris your idea of using Heikin-Ashi Bars with Pivot Level is great !!!!
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ChrisMoody IlyasShaikh
When I only traded Pivot levels as the system I used for several years I used this Indicator for entry. for example if price was falling to a pivot level the bars would be red. Once it touched the pivot level and started to move higher I would enter when the bars changed colors showing upside momentum (I use cyan or aqua as my upside color). There is more to the methodology than that but that's the basics.
+4 Svara
IlyasShaikh ChrisMoody
Got it sir..... Hope we cover this strategy in depth once again in the webinar...
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