TraderHalai

Smoothed Heikin Ashi Trend on Chart - TraderHalai

This indicator is a predictive tool using Heikinashi to calculate shifts in trade direction.

It works by reverse-engineering the regular candle stick closing price required, to flip the Heiken Ashi candle from Red to Green and vice-versa.

Below, is an earlier indicator that I released and created. This plots this price as an oscillator, which allows traders to get a predictive indicator of a trend change.


This indicator extends upon this functionality by adding a smoothing function to the reverse-engineered regular candle stick closing price, to reduce the choppiness of signals. It also plots the indicator on the chart to allow for easier visual confirmation.

How to use

1) As a directional bias - Bullish or bearish
2) Volatility expansion/contraction - further distance from line means volatility expansion - am planning to release an oscillator version also
3) Trailing stop loss - once you are in a trade

Other Features
  • Select a moving average period and smoothing calculation method (e.g. SMA / EMA )
  • Non-repaint mode for backtesting and use/integration with higher timeframes

Final note - Open Source

I am releasing this as open-source for the benefit of the community and to allow further development, scrutiny and criticism. Please feel free to use this indicator as you see fit. If you do use this indicator to create another script, feel free to drop me a note, as I would be highly interested in your idea.

Thanks, and Enjoy!
Release Notes: Added some spicy smoothing options for Hull Moving Average, Volume Weighted Moving Average and RSI moving average
Release Notes: Enjoy :)
Release Notes: : Update info box text to include volatility to assess trend strength
Release Notes: Cleanup
Release Notes: Add back in smoothing methods
Release Notes: Add back in smoothing method drop down
Skript med en öppen källkod

I sann TradingView-anda har författaren publicerat detta skript med öppen källkod så att andra handlare kan förstå och verifiera det. Hatten av för författaren! Du kan använda det gratis men återanvändning av den här koden i en publikation regleras av våra ordningsregler. You can favorite it to use it on a chart.

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