jackvmk

Smoothed Heiken Ashi Candles v1

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Heiken ashi candles smoothed with ema10
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//@version=2
study(title = "Smoothed Heiken Ashi Candles", shorttitle="Smoothed Ha Candles", overlay=true)

len=input(10)
o=ema(open,len)
c=ema(close,len)
h=ema(high,len)
l=ema(low,len)

haclose = (o+h+l+c)/4
haopen = na(haopen[1]) ? (o + c)/2 : (haopen[1] + haclose[1]) / 2
hahigh = max (h, max(haopen,haclose))
halow = min (l, min(haopen,haclose))

len2=input(10)
o2=ema(haopen, len2)
c2=ema(haclose, len2)
h2=ema(hahigh, len2)
l2=ema(halow, len2)

col=o2>c2 ? red : lime
plotcandle(o2, h2, l2, c2, title="heikin smoothed", color=col)
This is great on longer time frames like 4H and 1D as it keeps you in trades when there's a pullback during a trend. Thanks for sharing jackvmk :)
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jackvmk maybach47
@maybach47, your welcome mate, thank you.
Reply
good job sir and thank you very much regards from india
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jackvmk Bornleader
@Bornleader, thank you very much and respects.
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thanks bro...can it be like buy arrow and sell arrow?? auto signal??
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jackvmk anmpatel
sorry, it is not strategy, there is no buy sell order.
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anmpatel jackvmk
Then how we should trade? Is it on color change or price cross on candle?
Thanks in advance.
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DMC anmpatel
@anmpatel, I use set len and len2 at 20, allows a strong signal in a way, when I get crosses and color change the two give me a good signal on weather to short or long
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Hi,
I like your indicator. Its always important to make it simple.
Would you make this in histo version?
Thank you
Reply
jackvmk andreas73
thank you very much. is there any example link for histogram version?
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