ChrisMoody

CM Heikin-Ashi Candlesticks_V1

3746 13 843
Heikin-Ashi Paint Bars.

Paints Candlesticks or OHLC Bars The Exact Same as Traditional Heikin-Ashi Bars
Remove from Favorite Scripts Add to Favorite Scripts
// Plots Color Of Heikin-Ashi Bars while Viewing Candlestics or Bars
//Works on Candlesticks and OHLC Bars - Does now work on Heikin-Ashi bars - But I have verified its accuracy
// Created By User ChrisMoody 1-30-2014 with help from Alex in Tech Support

study(title = "CM_Heikin-Ashi_Candlesticks_V1", shorttitle="CM_Heik-Candles",overlay=true)

haclose = ((open + high + low + close)/4)//[smoothing]
haopen = na(haopen[1]) ? (open + close)/2 : (haopen[1] + haclose[1]) / 2

heikUpColor() => haclose > haopen
heikDownColor() => haclose <= haopen

barcolor(heikUpColor() ? aqua: heikDownColor() ? red : na)
joe_vijay PRO
2 years ago
Thank you
+1 Reply
ChrisMoody PRO joe_vijay
2 years ago
No problem. I've been using this for close to 10 years. Will be coding the version that allows for "Smoothing" at some point.
Reply
IlyasShaikh
2 years ago
Hey Chris your idea of using Heikin-Ashi Bars with Pivot Level is great !!!!
Reply
ChrisMoody PRO IlyasShaikh
2 years ago
When I only traded Pivot levels as the system I used for several years I used this Indicator for entry. for example if price was falling to a pivot level the bars would be red. Once it touched the pivot level and started to move higher I would enter when the bars changed colors showing upside momentum (I use cyan or aqua as my upside color). There is more to the methodology than that but that's the basics.
+1 Reply
IlyasShaikh ChrisMoody
2 years ago
Got it sir..... Hope we cover this strategy in depth once again in the webinar...
Reply
ChrisMoody PRO IlyasShaikh
2 years ago
Remind me to discuss in the Sunday Night Strategy Sessions
+1 Reply
IlyasShaikh ChrisMoody
2 years ago
Sure Chris ...
Reply
Codetrader ChrisMoody
2 years ago
Hi Chris,

Please tell me more about Sunday Night Strategy Sessions. Thank you, Chris.
Reply
ChrisMoody PRO Codetrader
2 years ago
PM me if you haven't already. I've been gone and I have LOTS of messages to go thru...I'll be caught up by Friday
Reply
Greenstream
2 years ago
Super! Do you only code of TV, or platforms as well?
Reply
ChrisMoody PRO Greenstream
2 years ago
Which platforms are you referring to?
Reply
Jurij
2 years ago
Very nice! thank you. This way I can plan my entries without switching between heikin ashi candles and traditional candles.
Reply
qianniu2012 PRO
2 years ago
thank you , when will you make them smoothed? i am looking forward for it.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out