kruskakli

Heikin-Ashi Oscillator

Heikin-Ashi Oscillator
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By reducing noice it makes trends, price patterns, and reversal points easier to spot.

Here it is implemented as a single function so that it easily can be integrated with other code.

Suggestion: Enter (at your own risk) or Exit a trade based on when the Heikin-Ashi Oscillator switch direction.
Open-source script

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.

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Comments

This is really helpful on trending stocks. Use it to re-enter or add to positions. It's a simple method but nice to have as the real price action is still on the chart. Glad you had the creative mind to come up with it. Thanks!
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@Link77, Thanks! To be honest, I saw something like this be used in a video, I think it was a MT4 indicator; so I thought I should do a similar one for TV ;-)
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