HAMA (Heiken-Ashi Moving Average) Candles are built using different moving average lengths for the open, high, low, and close. Those levels are then run through the Heiken-Ashi Candle formula to create a new hybrid candle on the chart. There is an additional Moving Average plotted as well for overall direction.
This may be used best for identifying trending markets. By referencing the HAMA Candle indicator, it may help guide you to stay in a trade a bit longer, or wait a bit longer before entering at the beginning of a potential trend.
We added a Gradient Color scheme option for a more colorful view of potential trend directional changes. The gradient code is taken from the Pinecoders Gradient Framework (Pro Advance/Decline Gradient example) at tradingview.com/script/hqH4YIFa-Color-Gradient-Framework-PineCoders/
There are three different Moving Average types to choose from. (EMA, SMA, WMA). All MA lengths can be modified. All colors can be modified. All options can be turned on or off.
This was previously an "invite-only" indicator, but we decided to publish it publicly and open source.
版本注释
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Updated to current code version. Code logic was not changed. Removed the "high" and "low" inputs as they were not needed. The main MA line was modified from "close" to "hl2" for better average of candle price action.
Also try using it to smoothen out Renko Candle charts.
mohand0oun
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Yes
Hociemocie
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Realllly liking this, thanks for putting it together & giving it to us! I like to trade in the 5m and pairing this with a 200 Hull, Thunder & Lightning Ichimoku clouds, and a CDC Action Zone set to scalpers 5/8x. Not getting into trade when your HA bars are between the Hull & your moving average is very helpful in avoiding the sideways whiplash. Hope these help someone: shrunk my chart to give a better overall view: And here is a closer example:
NorthStarDayTrading
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@Hociemocie, Hey thanks for the great feedback. I'm glad it's working out for you. I haven't heard of the "CDC Action Zone" you mentioned. I trade Futures exclusively, so I'll need to add it and take a look. Thanks for sharing!