OPEN-SOURCE SCRIPT

Heikin_Ashi_Homma

1 942
This is a indicator based on the well known Heikin Ashi candle.
There is one diference, it uses the "Close" from the original candle and a spot price wich can be adjusted to calculate the moving averages. As default I set it as spot = close*0.8 + open*0.2.
The periods of the moving averages can be adjusted too.
The intention is to extract the smoothness of the Heikin Ashi candle with a more fast perception to the closing price and the MAs.
The name is in consideration to the inventor of the candle tick.
Observation : Be sure to use the normal candlestick in the normal window, if the candle type is HA the indicator will repeat the values.

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