The 10/20 MA Heikin-Ashi Strategy is the best I know. It's easy, it's elegant, it's effective.
It's particularly effective in markets that trend on the daily. You may lose some money when markets are choppy, but your loss will be more than compensated when you're aboard during the big moves at the beginning of a trend or after retraces. There's that, and you...
The indicator is in the top left of the screen! That's all there is, by design.
This is a super simple indicator that allows you to see what the real price of a candle was when using Heikin Ashi charts, while not cluttering up your screen.
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...
When apply a strategy to Heikin Ashi Candle chart (HA candle), the strategy will use the open/close/high/low values of the Heikin Ashi candle to calculate the Profit and Loss, hence also affecting the Percent Profitable, Profit Factor, etc., often resulting a unrealistic high Percent Profitable and Profit Factor, which is misleading. But if you want to use the HA...
You can use this script to setup alerts on Heikin-Ashi bar color change.
You have to apply this script to usual candles and not Heikin-Ashi!!!
Background color indicates HA bar color. On change you'll see green/red arrows and alert will be fired.
Also you can find in the code calculations of all HA OHLC values.
Pine Script version=3
The Heikin-Ashi Smoothed study is based upon the standard Heikin-Ashi study with additional moving average calculations. The following is the calculation formula for the bars:
1. The current bar Open, High, Low, Close values are smoothed individually by using the moving average type specified by the...
This is 2 studies/strategies in one and you can choose which one you want to use. The first is a simple heikin ashi pattern based study/strategy the other is a supertrend entry/exit study/strategy. The instructions on how to enable/disable study and strategy mode are in the script.
An RSI can have any input, but most commonly used is the closing price. I thought it would be interesting to see if feeding the open high low and close information into the RSI to make RSI candles, if there are candlestick formations that can be recognized or possible patters in wicks.
To make it smoother there also is the option to turn the RSI candles into...
There are different and better way's to see price data, a candlestick chart is one of the best way to see the price since you have access to the open/high/low/close information, this is really efficient and can allow for naked non parametric trading strategies (candlesticks patterns). But what about making candles out of indicators ? There are tons...
Chaikin Oscillator, with the addition of cross symbols to indicate a confirmed positive cross; above zero line.
This is meant to be used with Heikin Ashi candles.
I made this script to confirm a buy point. Often times the MACD will cross positive, with blue HA candles, and it trends sideways and doesn't actually run. Or it runs but only after several...
6 EMAs with the ability to specify the source and time frame for each.
Each also has the option to use the source from a Heikin-Ashi chart which smoothens them out a bit due to the way Heikin-Ashi charts work.