RicardoSantos

[RS]Heiken Ashi Cloud V2

V2: switched hardcoded timeframes and place were bulls and bears take controll

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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study(title="[RS]Heiken Ashi Cloud V2", shorttitle="[RS]HACK.V2", overlay=true) 
useAlternativeTF = input(false)
AlternativeTF = input("D")
TF = useAlternativeTF   ? AlternativeTF :
        period == "1"   ? "30"  :
        period == "3"   ? "60"  :
        period == "5"   ? "120" :
        period == "15"  ? "240" :
        period == "30"  ? "480" :
        period == "45"  ? "480" :
        period == "60"  ? "720" :
        period == "120" ? "720" :
        period == "180" ? "D" :
        period == "240" ? "D"   :
        period == "D"   ? "W"   :
        period == "W"   ? "M"   :
        period == "M"   ? "3M"  : AlternativeTF

HA_ticker = heikenashi(tickerid)
HA_open = security(HA_ticker, TF, open)
HA_close = security(HA_ticker, TF, close)
HA_high = security(HA_ticker, TF, high)
HA_low = security(HA_ticker, TF, low)

HAO = plot(HA_open, color=maroon, linewidth=2)
HAC = plot(HA_close, color=green, linewidth=2)
HAH = plot(HA_high, color=silver, linewidth=1)
HAL = plot(HA_low, color=silver, linewidth=1)

fill(HAH,HAL,color=gray, transp=85)
fill(HAO,HAC,color=blue, transp=85)

//  ||---   Signals:
showLabels = input(true)
SEL0=cross(HA_open, HA_close)[1] and HA_open >= HA_close
BUY0=cross(HA_open, HA_close)[1] and HA_open <= HA_close

plotshape(not showLabels ? na : (SEL0 ? HA_high : na), style=shape.labeldown, color=maroon, location=location.absolute, textcolor=black, text='Bears\nIn Control')
plotshape(not showLabels ? na : (BUY0 ? HA_low : na), style=shape.labelup, color=green, location=location.absolute, textcolor=black, text='Bulls\nIn Control')

showBarColors = input(false)
BC_CON = HA_open < HA_close and BUY0 ? green : HA_open < HA_close ? lime : HA_open > HA_close and SEL0? maroon : HA_open > HA_close ? red : gray
barcolor(not showBarColors ? na : BC_CON)