OPEN-SOURCE SCRIPT
[LAVA] Heiken Ashi Oscillator
This indicator can be viewed as both trending triangles or as an RSI oscillator. Combine multiple with different time intervals to get a complete picture.
The "Multiplier" indicates the number of higher time intervals above this one you wish to look at (green=fiat, blue=coin). A multiplier of 2 would be 30 min with a 15min chart... 3 would be 45m, 4 would be 1hr. At higher chart intervals above 1hr it begins to break silently.
"RSI Length" only affects the RSI indicator lookback which can be turned on if you wish to view a line instead of the trendy triangles.
The "Multiplier" indicates the number of higher time intervals above this one you wish to look at (green=fiat, blue=coin). A multiplier of 2 would be 30 min with a 15min chart... 3 would be 45m, 4 would be 1hr. At higher chart intervals above 1hr it begins to break silently.
"RSI Length" only affects the RSI indicator lookback which can be turned on if you wish to view a line instead of the trendy triangles.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.