Crack_Heiken_Open_Ver_1.0.0
Hello dear traders from all over the world!
Our team recently have explored deeply in Heikin-Ashi Candlestick techniques and some of the benefits utilizing it. After multiple test phases figuring out the pros and cons, we derived some of the insightful strategies and developed it into an technical indicator that visualizes some of the major pivot levels deducted from Heikin-Ashi.
Unlike the common and conventional candlestick chart used widely by many traders these days, Heikin-Ashi candle chart applies different equations for computing the candle body (gap between open and close price). In fact, the close price is determined considering the open, high, low, and close prices of the original candlestick. This very method smooths out the price momentum by averaging out significant prices forming a candlestick. Many suggest one of the advantages of using Heikin-Ashi for traders as an efficient tool to filter out market noises during a liquidation.
These are the default formulas for Heikin-Ashi candlestick formation, where CO, CH, CL, and CC denote open, high, low and close price of the conventional candlestick, respectively. Similarly, HO, HH, HL, and HC denotes open, high, low and close price of the Heikin-Ashi candlestick.
HO = (Previous_HC + Previous_HO) / 2
HC = (CO + CH + CL + CC) / 4
HH = CH
HL = CL
Similar to the common technical chart, the Heikin-Ashi candlesticks are also to be observed and precepted as a complex structure, rather than a simple dimensional price movement. While this very methodology enables traders to objectively identify the strength of the market trends and trend reversal signals, it is yet quite weak during consolidation or accumulation phases. In other words, it is not so reliable when the market shows sideway moves usually before a big trend appears. Furthermore, the market noises in these days (especially in the post-COVID era) are not exactly like those in years ago. Unlike the old days, the liquidation cycle often happens so fast with wider range which led to certain unconventional phenomenon such as long candle wicks, whipsaws, stoploss hunting, and V-shaped patterns, etc. Therefore, we strongly recommend retail traders to not entirely depend only on the Heikin-Ashi when trading, but rather to consider it as one of the technical indicators that function as a side-aid to comprehend the trends.
This directly leads to introduction of the core logic of our new indicator that are assembled extracting useful strategies. This state-of-the-art mechanism shows multiple integral signals from the Heikin-Ashi. The color and the open price of the Heikin-Ashi candlesticks appear as dots on the regular chart. For those who are familiar using Heikin-Ashi will definitely find this useful
One of the important factors in Heikin-Ashi technique is to observe if the colors of the candle appear consecutively. Appearance of an opposite candle that breaks the continuity can be interpreted that the current trend is being weakened. Our indicator shows whether the Heikin-Ashi candles are formed as bullish or bearish and thus the traders can refer the trend signals given by the Heikin-Ashi candles. Series of consecutive colors means the trend is still progressing, until an opposite color appears. The default color for emergence of an opposite candle is orange. Hence, if an orange dot appears after series of the same color of dots, it can be signaled as a trend reversal.
Another efficient strategy is to search for the ‘Shaved Head(Bearish candle with no wick on top)’ and ‘Shaved Bottom(Bullish candle with no wick on bottom)’ patterns. Series of the shaved bottom candles indicates that the trend is bearish while that of shaved head indicates vice versa. In order for the candles to become shaved, the open price should not be broken (below for bullish candles and above for the bearish candles) during the formation of that very candle. This implies that the open price of the Heikin-Ashi candle (the middle of the previous candle body) acts as an important support or resistance.
Some of the decent strategies are summarized as below.
1. When the same color appears consecutively in a series, it means that the trend has started and the distances between the following dots represent the strength of the trend.
2. Similar to Parabolic SAR, the dots work as support and resistance. If the price breaks the dot, in other word if the dot fails to support or reject, be alerted as a weak signal for a trend reversal. (This implies that the Heikin-Ashi candle has failed to construct a shaved head or bottom)
3. If the orange dot appears after a clear and distinctive trend, interpret it as a medium signal for trend reversal. (This implies that the Heikin-Ashi candle has changed the color during on-going trend)
Weight more if one of these signals appear during a longer maintained trend. As mentioned, reliability highly drops when the market is in contraction and consolidation zone, when price is relatively moving sideways without a clear trend.
If you are interested in trying this indicator out, please comment or send direct message to this account.
안녕하세요. 트레이더 여러분 =)
예전과는 성향이 많이 변한 현대 금융 시장에서 하이킨 아시 차트의 적합성, 실용성, 그리고 응용성을 연구 및 고찰하던 저희 팀이 아주 유용한 지표를 개발했습니다. 하이킨 아시 캔들 차트를 보는 방법은 제가 어제 교육 자료로 정리해서 업로딩 해드렸으니 그 부분은 생략하겠습니다.
링크:
간략하게 정리를 해드리자면 하이킨 아시 차트는 진행중인 추세의 강도를 파악하거나 변곡점을 더 명확하게 보여주지만 횡보장에서는 신뢰성이 떨어진다는 치명적인 단점이 있습니다. 따라서 해당 차트를 일반 차트에서 효율적으로 참고할 수 있도록 저희가 하이킨 아시 기법을 활용해 도출한 주요 피봇 레벨들을 차트에 시각화해주는 지표를 개발했습니다.
지표를 매매전략에 활용할 수 있는 전략들은 다음과 같이 간추려볼 수 있겠습니다.
1. 동일한 색의 지표(점)들이 연속으로 형성이 된다면 (양봉 -> 양봉, 음봉 -> 음봉), 어느정도 추세가 시작되었다는 의미로 해석할 수 있고 각 점들 사이의 거리가 추세의 강도를 나타냅니다.
2. Parabolic SAR 지표와 유사하게 해당 지표는 지지와 저항의 역할을 합니다. 가격이 점을 돌파 및 이탈하면, 즉 지표가 가격을 지지/저항을 실패해 뚫리면 추세 변곡의 출현 여부를 처음으로 의심해볼 수 있는 시그널입니다. (점이 뚫렸다는 건 하이킨 아시 차트에서 캔들이 Shaved Candle을 형성하지 못했음을 뜻합니다.)
3. 명확한 추세가 어느정도 진행된 이후 주황색 점이 뜨면 추세 반전에 신호로 볼 수 있습니다. (하이킨 아시 캔들 색깔이 바뀐 상황입니다.)
더 오랜 기간 동안 유지되어온 추세일수록 중간에 위 시그널이 나타날 때 더 큰 의미를 부여할 수 있습니다. 앞서 언급했듯이 횡보장일 때, 명확한 추세가 나오지 않거나 횡보 변동폭이 크면 클수록 신뢰성이 크게 떨어질 수 있다는 점 항상 명심하세요.
해당 지표를 사용해보고 싶으신 분들은 댓글 혹은 메시지 보내주시면 되겠습니다~
다들 감사합니다. 성투하세요 =)
Heikin-ashi
Dziwne Trend Indicator B (EMA + Heikin Ashi) V1Based on my own "Dziwne Trend Indicator A (EMA + Heikin Ashi cloud)" , I tweaked the original script to display and "measure" the overall trend.
Dziwne Trend Indicator A (EMA + Heikin Ashi cloud)First script ever publish.
It is a very simple trend indicator based on EMAs and Heikin Ashi .
Hi-Lo Channel StrategyHaven't seen a strategy quite like it. Buy when Heikin Ashi candle closes above a moving average that is sourced on highs - Sell when Heikin Ashi candle closes above a moving average that is sourced on lows. Moving average length should be between 5 and 20 ideally.
NOTE: the Heikin Ashi close values are calculated when the box is checkmarked. You do not need to view the chart with Heikin Ashi candles enabled on the chart. The buy and sell points of the strategy do not change whether or not you are viewing Heikin Ashi candles on the chart as long as the Heikin Ashi setting is enabled.
Heikin-Ashi candles strategy CRYPTO Long termThis is a simple and efficient trading strategies which relies entirely on Heikin ashi candles logic, but used with normal candles in order to avoid false signals.
For entry we have
Long condition : when we have a green candle and previous close was lower than the previous open(previous candle was red)
For short: when we have a short candle and previous cande was green.
For the better function of this strategy, is best to use big timeframes like 12h or 1day or even higher than that.
If you have any questions, please let me know !
HA Chart with two EMA Trends and Signal Alert by GodtrixHi guys, how ya doing!
Benefits:
1) This tool is to add convenience of viewing HA chart at the same time with your main candle chart at different timeframe (resolution), so you save energy from switching between the candles and timeframe.
2) It comes with two seperate EMA:
a) 1day EMA trend lines set at length 10 & 20, this is the best setting ever for seeing long term trend.
-> Bull Trend - Blue line (10) above Red line (20) AND the same time price candle is above the Red line
-> Bear Trend - Red line (20) above Blue line (10) AND the same time price candle is below the Blue line
b) 2nd EMA trend lines for your own preference and conveniences. I use it at 2 hour timeframe, to help me decide for Entry/Exit orders, works great for me.
3) Provided with Singal Alert for Buy Sell Entry & Exit (This is not strategy, please study history and do your own calculation before following the Alert Signals)
There is two choices:
-> Normal Crossover - it simply alert you going from Red to Green or Green to Red candle
-> Strong Crossover with short Tail - This is a better version that checks on the candle size, tail size and body (open-close) size
If you want a complete Strategy, please go over to my script section, I've also published Strategy tool.
COINBASE:BTCUSD COINBASE:ETHUSD
Heatmap - Multi-Timeframe Indicators - StrategyHeatmap - Multi-Timeframe Indicators - Strategy
▪ Main features :
- 19 Timeframes: 1m, 3m, 5m, 10m, 15m, 30m, 45m, 1h, 2h, 3h, 4h, 5h, 6h, 8h, 10h, 12h, 1D, 1W, 1M
- 6 indicators per timeframe
- choose specific timeframes for indicators (example - 1 hour)
- or choose specific timeframe ranges (example - 1 hour to 1 month)
The general idea is that the higher timeframe signals are stronger than the lower timeframe ones.
When a trend is starting, it is first visible on the lower timeframes.
The more time passes, the more the trend propagates through higher timeframes.
The default settings are meant to show all the available features. You may fine-tune it to your specific needs.
How to choose the timeframe for the chart : use the lowest of the choosen timeframes for indicators.
If the heatmap doesn't display correctly on your device, you may check the Heatmap Theme 🎨 setting.
It doesn't repaint.
"Repaint" version available though - good to check the past history, but very bad for real-time analysis.
▪ Indicators used for trend detection
1. MACD Cross
2. Stochastic Cross
3. Stochastic Cross and Overbought or Oversold
4. Moving Average
5. Parabolic SAR
6. Heikin Ashi
▪ Find the best Heatmap settings with the Strategy Tester version.
The signals generated by the Heatmap are considered to be valid at the bar open .
The Strategy Tester, however, uses the bar close in its calculations.
Therefore, the results may seem to be worse than they can be.
The Profitability, Profit Factor and other stats should be taken into consideration relatively to other configurations of the same Heatmap.
▪ Using a score system to consider a change in trend valid.
Example: consider the signal valid if 65% or more of all indicators (max 6) among all timeframes (max 19) hint at a change in trend.
The % percent value can be inserted in settings.
When using the default settings or when all timeframes and indicators are activated,
the ratio of 100% downtrend or 100% uptrend may be less occuring. Adjust accordingly.
The signals across timeframes and indicators are aggregated to show simple entry and exit signals.
▪ Combined Alerts, to be set to fire once per bar open :
0 - 📈 Long! - Heatmap - Multi-TFI
0 - 📈 Short! - Heatmap - Multi-TFI
0 - 📈 Long Exit! - Heatmap - Multi-TFI
0 - 📈 Short Exit! - Heatmap - Multi-TFI
1 *** BUY or SELL (single alert) ***
1 *** Entries or Exits (single alert) ***
▪ Note : The initial load may be slow. If something doesn't seem to work, you can try the following:
- wait more time for it to load
- hide & show or remove & add back to chart
- don't add the indicator to chart multiple times in a short amount of time, as you may be rate limited
▪ Related Studies :
- Heatmap - Multi-Timeframe Indicators - Alerts
- Risk Management System (Stop Loss, Take Profit, Trailing Stop Loss, Trailing Take Profit) - it can be connected to Heatmap - Multi-Timeframe Indicators - Alerts
▪ Layout example:
Heatmap - Multi-Timeframe Indicators - AlertsHeatmap - Multi-Timeframe Indicators - Alerts
▪ Main features :
- 19 Timeframes: 1m, 3m, 5m, 10m, 15m, 30m, 45m, 1h, 2h, 3h, 4h, 5h, 6h, 8h, 10h, 12h, 1D, 1W, 1M
- 6 indicators per timeframe
- choose specific timeframes for indicators (example - 1 hour)
- or choose specific timeframe ranges (example - 1 hour to 1 month)
The general idea is that the higher timeframe signals are stronger than the lower timeframe ones.
When a trend is starting, it is first visible on the lower timeframes.
The more time passes, the more the trend propagates through higher timeframes.
The default settings are meant to show all the available features. You may fine-tune it to your specific needs.
How to choose the timeframe for the chart : use the lowest of the choosen timeframes for indicators.
If the heatmap doesn't display correctly on your device, you may check the Heatmap Theme 🎨 setting.
It doesn't repaint.
"Repaint" version available though - good to check the past history, but very bad for real-time analysis.
▪ Indicators used for trend detection
1. MACD Cross
2. Stochastic Cross
3. Stochastic Cross and Overbought or Oversold
4. Moving Average
5. Parabolic SAR
6. Heikin Ashi
▪ Find the best Heatmap settings with the Strategy Tester version.
The signals generated by the Heatmap are considered to be valid at the bar open .
The Strategy Tester, however, uses the bar close in its calculations.
Therefore, the results may seem to be worse than they can be.
The Profitability, Profit Factor and other stats should be taken into consideration relatively to other configurations of the same Heatmap.
▪ Using a score system to consider a change in trend valid.
Example: consider the signal valid if 65% or more of all indicators (max 6) among all timeframes (max 19) hint at a change in trend.
The % percent value can be inserted in settings.
When using the default settings or when all timeframes and indicators are activated,
the ratio of 100% downtrend or 100% uptrend may be less occuring. Adjust accordingly.
The signals across timeframes and indicators are aggregated to show simple entry and exit signals.
▪ Combined Alerts, to be set to fire once per bar open :
0 - 📈 Long! - Heatmap - Multi-TFI
0 - 📈 Short! - Heatmap - Multi-TFI
0 - 📈 Long Exit! - Heatmap - Multi-TFI
0 - 📈 Short Exit! - Heatmap - Multi-TFI
1 *** BUY or SELL (single alert) ***
1 *** Entries or Exits (single alert) ***
▪ Note : The initial load may be slow. If something doesn't seem to work, you can try the following:
- wait more time for it to load
- hide & show or remove & add back to chart
- don't add the indicator to chart multiple times in a short amount of time, as you may be rate limited
▪ Related Studies :
- Heatmap - Multi-Timeframe Indicators - Strategy Tester
- Risk Management System (Stop Loss, Take Profit, Trailing Stop Loss, Trailing Take Profit) - it can be connected to Heatmap - Multi-Timeframe Indicators - Alerts
▪ Layout example:
Heikin-Ashi MACD"Heikin-Ashi, also sometimes spelled Heiken-Ashi, means "average bar" in Japanese. The Heikin-Ashi technique can be used in conjunction with candlestick charts when trading securities to spot market trends and predict future prices. It's useful for making candlestick charts more readable and trends easier to analyze. For example, traders can use Heikin-Ashi charts to know when to stay in trades while a trend persists but get out when the trend pauses or reverses. Most profits are generated when markets are trending, so predicting trends correctly is necessary."
HA bars help us to smooth the price action, and I think MACD gives me a lot of signals and I need to eliminate them and add MACD strategy on Heiken-Ashi candles to look performance.
Mostly, it eliminates %75 of the signals, and most of the time it did increase backtest performance significantly.
There is still a way to it to combine other indicators for complete strategy, but at least We can achieve better MACD with this approach.
LV Cop&RMA w HeikinA buy signal is generated when the indicator turns upwards from previous indicator level.
A sell signal is generated when the indicator turns downwards from previous indicator level.
The indicator is trend-following, and based on averages, so by its nature it doesn't pick a bottom, but rather shows when a rally has started.
It is designed for daily period use.
Frequent buy/sell signals can occur on low and high levels.
It is designed with the mentality of Coppock curve. Rma is used instead of Wma and Heikin-Ashi closing price is used instead of standard closing price.
Composite Any Currency Strength IndexThis is a flexible currency strength indicator and you can adjust it to any currency you wish 'to measure'. By default, it is set to measure USD major pairs. Indicator calculates every pair you list, and plots one composite chart in the form of Heikin Ashi candles. Basically, you will get USD index in this case. Similarly, you can get AUD, EUR, CAD, JPY, CHF, etc indexes by specifying corresponding symbols. Remember about base and quote currencies and location of each for correct calculations. Simple adjustments in the script needed if you want to value USD by using USD in both base and quote (counter) currencies.
For example, when calculating USD strength by looking into USDJPY (not into JPYUSD) symbols, you will need to add minus "-" before corresponding security in the script itself, not in the Settings Inputs.
Default study script (with JPYUSD):
// Inputs
...
string sec3 = input(defval="JPYUSD", type=input.symbol, title="Symbol")
...
h_sec3 = security(heikinashi(sec3), timeframe.period, high)
l_sec3 = security(heikinashi(sec3), timeframe.period, low)
o_sec3 = security(heikinashi(sec3), timeframe.period, open)
c_sec3 = security(heikinashi(sec3), timeframe.period, close)
Adjusted study script with USDJPY:
// Inputs
...
string sec3 = input(defval="USDJPY", type=input.symbol, title="Symbol")
...
h_sec3 = -security(heikinashi(sec3), timeframe.period, high)
l_sec3 = -security(heikinashi(sec3), timeframe.period, low)
o_sec3 = -security(heikinashi(sec3), timeframe.period, open)
c_sec3 = -security(heikinashi(sec3), timeframe.period, close)
Unfortunately, I am not a coder specialist and perhaps someone here could improve this indicator for easier and more friendly adjustments. But thanks to variety of symbols on TradingView , you can ignore any changes in the script, and just use symbols with corresponding counter currency offered by this great platform.
Bollinger Bands, 2 x RMA, 4 x SMA/EMA were added for deeper analysing of the index. Other indicators with ability to select data sources (like CCI, StochRSI, Momentum etc) can be separately added to a current chart, but use Composite Any Currency Strength Index data as the source for analysing displayed pair, i.e. by selecting source - Composite Any Currency Strength Index: SMA Close or EMA HLC.
Thank you and good luck everyone!
Modified Smoothed Heiken AshiThis code is based on Smoothed HA candle which will work on all chart types
condition for BUY:
1. When close crosses Smoothed HA
2.Close should be in side upper band
3.BBW must be greater than the average
vice versa for sell
this code takes data from HA chart so that it can be applied on all chart type.
Bollinger band and Bollinger band width conditions added for removal of unwanted signals
Alert added so that you can apply alert and check it in real time performance
thanks to The Secret Mindset You tube channel from where I got the idea to convert this into a pine script indicator
smooth HA taken from "Smoothed Heiken Ashi Candles v1" at //@jackvmk
HeikinAshi Fibonacci Retracement v2It draws Fib retracements based on the highest high measured when HeikinAshi candles are green, and lows based on when HeikinAshi candles are red.
The idea is that you can see the fib retracements based on HeikinAshi trends on a larger timeframe to help trade in smaller timeframes.
for v2 I reset the fib trace when a new high is set and also at the second green heikin candle. And I only show the last 20 bars of fib lines to avoid confusion and focus on the current trade.
Happy trading!
MrBS:EMA/SMA/HMA (Heikin Ashi Calc)This indicator allows you to base the MA calculation from Heikin Ashi values on normal charts and/or the real OHLC values while looking at Heikin Ashi.
There are 3 MA types you can select - EMA / SMA / HMA
The colour is based on the slope.
I made this to help me visualize my DMI+ strategy, when I was looking at taking signals from Heikin Ashi but looking at candlesticks. Turns out, I was going down the wrong road. Now I'm looking into using the real OHLC values for generating signals but watching the Heikin Ashi chart as I find it easier to see trends on it.
Hopefully its useful to some people, and if you have any suggestions for improvements I'd love to know.
HEINKI ASHI SUPERTRENDHi friends....publishing Heikin ashi supertrend strategy... which shows the movement of price over time and how strong those movements are/will be, regardless of the direction the price moves, up, or down. Indicator specifically useful, as it helps traders and analysts spot points where the market can and will reverse by providing signals long (buy) and short (sell). Show the relative strength of price movements but leave out the directionality of the price movements, best utilized in combination with other technical indicators – such as trend lines and moving averages – which show price trends and directions. Having an alert feature to make aware market players from signals provided by strategy.
HA charts are a great way to help those who can be spooked by the chaos of the markets (I'm one!), but they have a big drawback in that the price you see on a HA candle is often significantly different from the real price that you would trade on. This brings issues of unrealistic expectations of profits/losses, and also makes back testing a strategy very difficult. I still wouldn't recommend ever using TradingView's "strategy" tool when using HA charts, but using this indicator you can do accurate back tests.
***************This uses Heikin Ashi Candles as source on normal chart..dont use it on heikin ashi chart*****************************
There is an option for use normal japanes candle supertrend..so we can compare how this heikin ashi prevent false trades.
some tips for new traders to become successful trader
1: always follow risk management...
2: every stock/ forex / crypto has it own cycle.. So pls dont jump from one stock / forex pair to another when u hear some stock / crypto has
made new high or low... Bcs after that consolidation period starts.. During consolidation we can not make more profit as in trending market.. So be patient when u had made some position or tarde in one stock/ pair...
3 : we dont require to trade in every stocks / forex/crypto.. Just one stock and pair trading daily make u profitable beyond ur expection.. Bcs
trading in one stock / forex pair.. make u very comfortable and u may always know its movement... And u also trade in every cycle of this
stock/ pair.. So u also trdae its trend days which made highest profit. We dont know when is trend of any stock... Compare with it
business... Trading is business not one day rich game... Its business... It takes time and u have to do same thing agian and again to become
sucessfull trader for this u can use tradingview alerts. .for that u dont need to seat infrot of ur terminal screen.. u can also do algo trading
by using tradingview alerts
4 : By following risk management and incerase lot size as profit increased... This is the key 🔑 of sucess in stocks / forex / crypto market.
I thinks this tips may help new trader. U can modified according to ur trading style..
You can personal message me if u want to use this strategy
******************if u want to use this indicator u can personal message me********************************************************
Heiken Ashi MTF Strategy- IndicatorHello, this is both a strategy and indicator that revolves around Heikin Ashi candles.
In this case we take 3 different time frames, in this example we use daily , weekly and monthly.
The conditions for entry are :
For long : we check that we have a green daily candle, at the same time we check that the weekly and monthly candles are also green.
For short : We check that all candles, daily, weekly and monthly and red.
For exit of long : as soon as 1 of the 3 candles, daily or weekly or monthly converts to red, we exit.
For exit of short : as soon as 1 of the 3 candles converts to green, we exit.
This strategy- indicator can be adapted to any type of market.
MTF_HA & CANDLE [by coral1213]Hi traders.
This is a multi-timeframe Heikin-Ashi candle chart script.
There is no repaint.
This is used when you want to see a high time frame Heikin-Ashi candle on the candlestick chart.
1. HTF RESOLUTION = Frame of output candle... 1H=60, 4H=240, 1D=1D, 1W=1W...
2. HTF SOURCE TYPE = Selects the target chart mode for the output candle... Candlestick of HighTimeFrame or Heikin-ashi of HighTimeFrame
3. HTF RESOLUTION HIGHLIGHT = Marks the beginning of the selected resolution.
For better visibility, it is recommended to turn off the optional border color.
Enjoy Trade
CRYPTO HA Strategy money maker long termToday I bring you another amazing strategy.
Its made of 2 EMA in this case 50 and 100.
At the same time, internaly for candles we calculate the candles using the HA system ( while still using in live the normal candles). This way we can assure that even if we use HA candles, we avoid repainting, and its legit.
We first calculate the HA candles based on the EMA 50 values, and after that , we use that candle properties to apply to EMA 100.
Once we have that, for entries we have the next conditions :
sell = o2 > c2 and o2 < c2 and time_cond
buy = o2 < c2 and o2 > c2 and time_cond
For sell : Our open from HA 100 is bigger than Close from ha 100, and the previous open is smaller than previous close
For long : Our open from ha 100 is smaller than close from ha 100 and the previous open is bigger than previous close.
Then we have 2 options :
If we wnat to go only long , which is my prefered version ,or the original one where we go both long and short.
I found that the best results are in general around bigger timeframes, 1h+ , 3h works the best so far on my tests.
For exit we have 2 versions :
1 lets say we had a long signal, as soon as we have a short signal we close the trade. Viceversa for short.
2. Is based on price % movement. In this case I use 7.5% price movement of asset.
We have no TP in use for this system.
For the purpose of this test I use 10.000 $ account. For test I use 100% of it, without any leverage.
I use the SL based on price movement , which is a very risky tool, since it can fluctuate even at 20-30% of our capital.
For comission I used 0.1% for each deal, and a slippage of 5 points.
Be cautious with this system !
If you have any questions , message me.
MACD Trend CandlesThe script combines 2 indicators (MACD and Stoch-RSI) and puts them visually directly on the candles - can be used with normal OHLC candles or Heiken Ashi candles. Furthermore, you can derive divergences exremely easy directly visually from the candles as well. Lastly, a SMA 20 high and a SMA 20 low line build a trend channel.
Script is best used in trending markets to trade with the trend.
1) SMA trend channel:
* uptrend: close above
* downtrend: close below
* aggressive entry (uptrend) closing inside channel from below
* conservative entry (uptrend) closing above channel from inside
* hold (uptrend) until close below channel
* can be used accordingly for the downtrend
2) MACD candles
* visualization of the MACD histogram directly on the candles
* dark blue: histogram > 0 and histogram > histogram of previous candle
* light blue: histogram > 0 and histogram < histogram of previous candle
* orange: histogram < 0 and histogram < histogram of previous candle
* light blue: histogram < 0 and histogram > histogram of previous candle
* hold uptrend (dark/light blue candles) - combined with trend channel (above channel)
* hold downtrend (orange /yellow candles) - combined with trend channel (below channel)
* Color divergence: light blue candle > dark blue candle (price and MACD show divergence (bearish)
* Color divergence: yellow candle < orange candle (price and MACD show divergence (bullish)
* Trend change (0 line cross to upside) yellow or orange to dark blue
* Trend change (0 line cross to downside) dark or light blue to orange
3) Stoch RSI diamonds
* visualization of the STOCH-RSI as diamonds above or below the candle
* k, d line > 80: diamond above the candle
* k, d line < 20: diamond below the candle
* divergence caldle without diamond above > candle with diamond above (bearish divergence)
* divergence caldle without diamond below < candle with diamond below (bullish divergence)
Feel free to test each part individually and combine it with other indicators, e.g. BBands and Ichimoku Cloud - you will see it is a powerful visualization script
HAVE FUN
Trendy Bar Trend Color LiteLite version of the original Trendy Bar Trend Color
This will only color the candlestick body of your chart
Can be used with solid, hollow, renko, or any other chart type
Custom coloring for Highs, Lows, and consolidation is removed
Impulse Guage Indicator for HA CandlesThis script uses Heikin Ashi candles to smooth out the candles, then counts how many consecutive candles in a row are the same colour (red or green). It then takes each count and multiples it by the difference between close and open, to provide a weighted movement.
Where larger moves create greater impulses.
Heikin Ashi reversal pointsThis study plots higher time frames Heikin Ashi candles open values and creates clouds above/below those value. When lower timeframe candles enters this cloud - that is the turning point, where HTF Heiking Ashi candle change its color.
Script uses ALMA smoothing of current selected time period. When ALMA enters area, where HTF candles changes its color, then current candle is colored based on the possible next trend.
Script can be used for any time periods, but default values 4H ALMA , 3D (fast) and 1W(slow) Heikin candles.
Green candle = ALMA above both faster and slower HA candle reversal point.
Red candle = ALMA below both faster and slower HA candle reversal point.
Gray candle = indicision points - ALMA is between faster and slower HA candle reversal point.
To add further details - hull moving averages might be displayed, to support prediction of the next price trends.
Script was developed mainly for crypto
HA StudyShows trends based on 1W and 3D heikin ahsi candles and moving averages crossing next possible close prediction on 1W and 3D heiking ashi candles
