whithout having to sacrifice seeing the raw price action of normal candles or other styles of charts.
I flattened out the HA bars to a straight line so it is easier to see if the candles momentum is picking up of fading
There is a option to show Heiken Ashi candles on another Time Frame.
There is the option to color the bars on the chart with the HA information (I use a 3 bar ma the further smooth out the info)
A last option is to add signals when the HA bars have wicks on the wrong side (down wicks on "up" candles an up wicks on "down" candles)
those can indicate price momentum staring to change into possible reversals or pull-backs soon.
I build these indicators for myself and provide them open source, to use for free to use and improve upon,
as I believe the best way to learn is toghether.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!