umur.ozkul

Heikin Ashi Oscillator

Trigger (Current Period): Heikin Ashi candle heights are plotted to form and oscillator.
Trend (1W): A slower period is also plotted.

When Trend is rising, dips in the Trigger are buying opportunities
When Trend is descending, peaks in the Trigger are selling opportunities
Release Notes: A new color scheme:
The color shade changes according to the slope angle of the oscillator.
When the prices are rising and a bar is smaller than the previous one, the slope angle is smaller, it shades lighter.
When the prices are decreasing and a bar is smaller than the previous one, the slope angle is smaller, it shades lighter.

This might hint at an upcoming trend change.

The old color scheme is available in the indicator configuration.

The whole purpose of this indicator is that you don't want to use Heikin-Ashi candles but nevertheless you want to access that information also. You can enjoy the Heikin-Ashi trend changes while using normal candles
Release Notes: The new color scheme is buggy. Canceling
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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Comments

thank you so much sir , thanks a lot
Reply
sir can you add a tweak like when a up bar is smaller than previous up bar, it changes colour and vice versa for down bar
Reply
umur.ozkul nikunjgupta4573
@nikunjgupta4573, "when a up bar is smaller than previous up bar", the slope is downwards vice versa.
I think what you want is coloring based on the slope
Reply
umur.ozkul nikunjgupta4573
@nikunjgupta4573, Check the new color scheme
Reply
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