8x Heikin Ashi Streak (1m) by Bitcoin Benito

🧭 Indicator Description: “8x Heikin Ashi Streak (1m) by Bitcoin Benito”

**Purpose:**
The *8x Heikin Ashi Streak* indicator helps traders quickly identify strong short-term momentum on the **1-minute timeframe**. It automatically tracks Heikin Ashi candles and alerts you whenever **8 consecutive bullish or bearish candles** appear — a visual cue that a strong intraday trend or exhaustion point might be forming.

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🔍 **How It Works**

* The indicator continuously counts Heikin Ashi candles in real-time.
* When it detects **8 bullish (green)** or **8 bearish (red)** candles in a row:

* A green ▲ marker appears **below** the 8th candle for bullish streaks.
* A red ▼ marker appears **above** the 8th candle for bearish streaks.
* You can set alerts to automatically notify you when these streaks occur.

This makes it ideal for **momentum traders**, **scalpers**, and **trend-reversal spotters** who want to:

* Catch strong intraday moves early.
* Identify potential overextension zones before pullbacks.
* Automate alert signals for short-term trading setups.
IMPORTANT: Only trade when most of the 8 candles are below/above the EMA 8 Line respectively. Add an EMA 8 indicator to see if this is the case

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⚙️ **How to Use**

1. **Apply to a 1-minute chart** (this script is optimized for 1m timeframes).
2. When the indicator plots a green or red triangle:

* **Green triangle (8 bullish candles):** Trend momentum is strong upward.
* **Red triangle (8 bearish candles):** Downward momentum is dominant.
3. Optionally, combine with volume or EMA filters to confirm breakouts or exhaustion.

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🔔 **Setting Up Alerts**

* Click the **Alert (🔔)** icon on TradingView.
* Under *Condition*, select:

* “8x Heikin Ashi Streak (1m)” → “8 Bullish Heikin Ashi (1m)”
* OR “8x Heikin Ashi Streak (1m)” → “8 Bearish Heikin Ashi (1m)”
* Choose **Once per bar close** to trigger the alert when the 8th candle completes.
* Add your custom message, e.g.

> “🚀 8 bullish Heikin Ashi candles in a row on 1-minute chart!”
> “🔻 8 bearish Heikin Ashi candles in a row on 1-minute chart!”

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📊 **Best Practices**

* Works best on **liquid assets** (major forex pairs, indices, BTC/USD, etc.).
* Pair with **RSI**, **EMA**, or **Volume** indicators for stronger confirmation.
* Not a standalone buy/sell signal — treat it as a **momentum or exhaustion alert**.
* Can be adapted to other timeframes by changing chart resolution.

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⚠️ **Disclaimer**

This indicator is for **educational and analytical purposes only**.
Trading carries risk — always test on demo accounts and use proper risk management.
No indicator guarantees profit; this is a tool for insight and timing, not financial advice.