OPEN-SOURCE SCRIPT
Heikin Multi Time Frame
Updated
// How it Works \\
This script calculates the open and close prices of Heikin Ashi candles across multiple timeframes,
If the candle formed on that timeframe is green it will display in the table a green square, If the candle is red, the square will display red.
// Settings \\
You can change the colours of the plots
You can also Change any of the timeframes which the Heikin Ashi candles are being calculated on
// Use Case \\
Heikin Ashi candles are often used to give a smoother trend direction and help cancel out some of the noice/consolidation.
It can also be use as trend detection for multiple timeframes at once
// Suggestions \\
Happy for anyone to make any suggestions on changes which could improve the script,
// Terms \\
Feel free to use the script, If you do use the scrip please just tag me as I am interested to see how people are using it. Good Luck!
This script calculates the open and close prices of Heikin Ashi candles across multiple timeframes,
If the candle formed on that timeframe is green it will display in the table a green square, If the candle is red, the square will display red.
// Settings \\
You can change the colours of the plots
You can also Change any of the timeframes which the Heikin Ashi candles are being calculated on
// Use Case \\
Heikin Ashi candles are often used to give a smoother trend direction and help cancel out some of the noice/consolidation.
It can also be use as trend detection for multiple timeframes at once
// Suggestions \\
Happy for anyone to make any suggestions on changes which could improve the script,
// Terms \\
Feel free to use the script, If you do use the scrip please just tag me as I am interested to see how people are using it. Good Luck!
Release Notes
Minor UpdateJust changed the plotting calculation slightly
Release Notes
Added AlertsOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.