mattzab

Heikin Chaikin Oscillator by mattzab

WHAT
Chaikin Oscillator , with the addition of cross symbols to indicate a confirmed positive cross; above zero line.
This is meant to be used with Heikin Ashi candles.

WHY
I made this script to confirm a buy point. Often times the MACD will cross positive, with blue HA candles, and it trends sideways and doesn't actually run. Or it runs but only after several stressful down days.

When you have a positive MACD and a positive Heikin Chaikin Oscillator signal, you're much more likely to have a good run. This'll save you from buying early blue candles, only to ride down a few red ones, only to come back up with blue again. Just buy the second blue.

HOW
So basically, use this for swing trading, in the 1D view, along with a MACD , and only with Heikin Ashi Candlesticks . If your MACD is positive, or about to be positive, only buy if you also have a positive cross on this indicator as well.
Remove from Favorite Scripts Add to Favorite Scripts
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out