My own implantation of Heikin Ashi which i call HAT. The Heikin Ashi Trend Indicator (HAT) used to determine the price direction of an asset, as well as draw attention to when the price direction is changing. The HAT indicator translates the current close/open/high/low into Heikin Ashi and smooths them a bit using Tilson T3 formula. Buy signal when Heikin Ashi Close is bigger than Heikin Ashi Open with Tilson T3 smoothing. Sell signal when Heikin Ashi Open is bigger than Heikin Ashi Close with Tilson T3 smoothing.
Set the 'percentSqueeze' percentage to display possible reversal with light Red/Green crosses.
Green - Up Trend Light Green - Possible reversal is near Red - Down Trend Light Red - Possible reversal is near
Great indicator sir. I have been backtesting this and so far looks great! However after the update, I realise it only shows two colors now. I don't know if this is only my problem. I tried all different ways to get it to show all the colors it used to show but I have failed. What do we do about this?
dman103
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@KasikaBoss, Hey there, it's a neat indicator, love it too, glad you use it. Regarding your question, For example if you are using Forex try changing in the indicator 'Settings' the 'percentSqueeze' parameter percent to 0.02 (0.02%) since Forex values can be small mostly at lower time frames.
Note that the 'percentSqueeze' objective is to notify the user (change trend color to a lighter color) when trend line is near reversal based on that percent value.
Will consider adding auto Squeeze percentage calculation for the percent Squeeze parameter based on price range.
Hi Dman103, what a nice trend indicator you created, much appreciate it, just a quick question, once the candle is close, will it repaint later or it stays the same as long as the candle closes. Thanks
dman103
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@bryantpan7, Hey, thanks for your words, the Heikin Ashi trend indicator should not repaint historical data.
Great indicator dman103! I'm curious whether this indicator is better on shorter timeframes or bigger timeframes? Ideally, what one or two timeframes do you suggest work best for this indicator? Thanks and I'm looking to add your premium pivot indicator.
Manuel9z
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Thanks for sharing this excellent indicator. I use it in combination with the SuperTrend indicator and in large cap cryptos I obtain positive ratios.
donnycf
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dman103, This script is great!. Thanks so much for sharing! Any chance you can add the ability to have the indicator be based off VIDYA, HULL, and/or your HIGH/LOW indicator that you use in your other script?