PROTECTED SOURCE SCRIPT
Modified Heikin Ashi Candles
This study optionally modifies the Heikin Ashi (HA) open and HA close values.
V17: Initial release.
- HA open is traditionally equal to the mean of the previous HA candle's open and close values, but this modification shifts the HA open in the direction of a trend (more precisely, in the direction of and proportional to the 1-bar change in HA close).
- HA close is traditionally equal to ohlc4, but this modification bases it on hlc3, improving dynamic sensitivity.
V17: Initial release.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.