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.
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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
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jackvmk andreas73
thank you very much. is there any example link for histogram version?
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