Heikin Ashi Trend Indicator - Page 3

12-27-2006, 08:14 AM

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Heikin Ashi Trend Indicator

Here's an interesting indicator I picked off at the TS forum. It's a slightly modifed version of the heikin ashii indicator.

So What Does It Do?

If the 5th bar of the last 5 bars closes above the 50% line of the previous 5 bar average, it stays the same color. If the 5th bar closes below the the 50% average it changes color.

50% range = Average True Range

It really depends on how you want to use it. This can be applied on...

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#18 (permalink)

By max-td on 12-05-2007, 08:07 AM

Re: Heikin Ashi Trend Indicator

Hi traders !

I have a question about this indikator. i want to build it (let it build) in my chartsoftware.
I have to explain it to someone who should create this for me - thats the reason why i have to understand totaly.

What soultrader says at the beginning is :

It's a slightly modifed version of the heikin ashii indicator.

If the 5th bar of the last 5 bars closes above the 50% line of the previous 5 bar average, it stays the same color. If the 5th bar closes below the the 50% average it changes color.

Now my understanding of this :

At first the only thing the indikator is interessted in is the 50 %-average of the last 5 (or (n)) Bars
- that means you need only the highs + the lows of these (n) bars to calculate this 50%-average of the previous 5 bars.

without any Heikin Ashi-formular-stuff - is this right so far ?

Then you need the close of the "now"-bar
(to compare it at least with the 50%-average from above)
And this importend close is calculated with the heikin ashi-formular.
Is this right ?

And then you must compare it :
if this close is above the 50%-Average - the bar is blue
if this close is below the 50%-Average - the bar is red

Thank you for a short comment !

max-td

#19 (permalink)

By Blu-Ray on 12-05-2007, 08:19 AM

Re: Heikin Ashi Trend Indicator

Here's a copy of the code for you:


	inputs: CompBars(6), UpColor(Blue), DnColor(Red), BarWidth(1); vars: haClose(0), haOpen(0), color(0); if BarNumber = 1 then begin haOpen = open; haClose = (O+H+L+C)/4; end; if BarNumber > 1 then begin haClose = (O+H+L+C)/4; haOpen = (haOpen [1] + haClose [1])/2 ; { ................................................................................ } if haClose > haOpen then color = UpColor else color = DnColor; for value1 = 1 to CompBars begin if haOpen <= MaxList(haOpen[value1],haClose[value1]) and haOpen >= MinList(haOpen[value1],haClose[value1]) and haClose <= MaxList(haOpen[value1],haClose[value1]) and haClose >= MinList(haOpen[value1],haClose[value1]) then color = color[value1]; end; { ................................................................................ } // plotPB(haOpen,haClose,"heikin-ashi",color); plotPB(High,Low,"heikin-ashi",color); SetPlotWidth(1,BarWidth); SetPlotColor(1,color); end; { ................................................................................ }

Hope this helps

Blu-Ray

#20 (permalink)

By max-td on 12-05-2007, 08:54 AM

Re: Heikin Ashi Trend Indicator

ThanX Blu-Ray,
i saw that code yet but i am not able to read or code anything at all.
i am just trader ;-)
I must understand the indicator / his function.
Thats why i tried do this "in words" !
And i need a correction or confirmation for this - in words

Greets max-td

#21 (permalink)

By raufden on 12-13-2007, 07:29 PM

Re: Heikin Ashi Trend Indicator

I saw this indicator about 18 months ago, but never did anything with it. Thanks for the workspace nick

#22 (permalink)

By neslon on 02-19-2008, 09:11 PM

Re: Heikin Ashi Trend Indicator

I downloaded the indicators (ttm trend, haiken asihi, scalper buy and sells) but seem to get a formula error message every time I try to load it onto my e-signal chart. Does any one know how I can get it to load correctly?

#23 (permalink)

By HAL9000 on 02-21-2008, 06:24 PM

Re: Heikin Ashi Trend Indicator

	Quote:	neslon
	I downloaded the indicators (ttm trend, haiken asihi, scalper buy and sells) but seem to get a formula error message every time I try to load it onto my e-signal chart. Does any one know how I can get it to load correctly?

Hi Neslon,

I don't know, if I understand you right.

But just in case, if you have downloaded ELD files, ELD files are needed/usable for Tradestation. Anyway I don't use either, so I maybe wrong, but it is just my simple understanding.

Cheers,

Hal

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