allanster

Heiken-Ashi Candles

Simple script to view Heiken-Ashi candles below a normal candles chart.

Could also be useful for using HA calcs in strategy scripts on normal candles chart for proper backtesting.

I adapted this to v4 from original v2 script by @samtsui. If you like please remember to give him a Thumbs Up for his original version! ->
Release Notes: Cosmetic update to match default candle colors.
Release Notes: Cosmetic.
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Telegram: https://t.me/allanster • Gunbot Tuners: http://www.allanster.com

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Comments

Thanks for your contribution! I am trying to figure out how to only get colour of Heiken Ashi candle of a 4 hour timeframe, while I add the script to a lower timeframe, say 5mins?
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allanster jianchao88
@jianchao88, I published a HTF (higher timeframe) example you may wish to see here:
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Per earlier request below by original author @samtsui, I am linking the following work by @PineCoders, which explains the purpose of example scripts like ours in a much more thorough way:
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Good stuff Allanster. Maybe it will help traders realize HA prices are synthetic.
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@LucF, thanks for your encouragement and important point regarding HA prices!
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Adapted to v4 from original v2 script by @samtsui
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samtsui allanster
@allanster, I got an email saying you mentioned me, looks like you updated my old work on HA chart. Nice! If you don't mind I'd suggest adding the explanation of why created the script in the first place, and including examples of how to use HA chart values to create new indicators / new strategies, etc.

Good work man!
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allanster samtsui
@samtsui, thanks for your work and suggestion! Traveling but will try to update soon with better description. For now those wishing for more details please see @samtsui‘s original script and description linked above in my script description.
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