Heikin Ashi + (HA Candles, HA Bar Color, HA shapes)
Heikin Ashi with Price Overlay (No Repainting)
This TradingView indicator overlays Heikin Ashi (HA) candles on your chart, providing a clear and visually intuitive way to analyze market trends. The script offers the option to display either Heikin Ashi prices or actual prices, making it versatile for different trading strategies. Here’s a detailed breakdown of its features:
●Key Features:
1. **Heikin Ashi Calculations**:
- The script calculates Heikin Ashi values (Open, High, Low, Close) to provide a smoothed representation of price action, helping to filter out market noise.
2. **User Input Option**:
- A user input toggle allows you to choose between showing Heikin Ashi prices or actual prices on the chart, giving flexibility based on your preference or strategy.
3. **Non-Repainting Heikin Ashi Open**:
- By using the `var` and `nz` functions, the Heikin Ashi open price is calculated in a way that prevents repainting, ensuring reliable and accurate historical data.
4. **Visual Presentations**:
- **Heikin Ashi Candles**: Plotted with color differentiation: aqua for bullish candles (HA close >= HA open) and fuchsia for bearish candles (HA close < HA open). This visual distinction helps in quickly identifying market trends.
- **Price Overlay Line**: The selected price (either Heikin Ashi or actual) is plotted as a horizontal line, color-coded (blue for Heikin Ashi price, orange for actual price) to track the chosen price type over time.
- **Bar Coloring**: The script colors the bars based on the direction of the Heikin Ashi candles, further enhancing the visual representation of trends.
- **Bullish/Bearish Circles**: Small circles are plotted at the bottom of the chart, colored aqua for bullish HA candles and fuchsia for bearish HA candles. These markers provide additional visual cues for trend direction.
●Convenience of Use:
- **Integrated Heikin Ashi Candles and Price**: This indicator allows you to view both Heikin Ashi candles and actual prices simultaneously without needing to switch between different chart types. This integration offers a more seamless and comprehensive analysis experience.
- **Customizable Visuals**:
- You can switch between different visual representations (Heikin Ashi candles, bar color, and plotted shapes) within the same chart. This flexibility makes it more convenient to analyze trends and price actions according to your preferences, without the need to change chart types frequently.
- Using the bar color and plotted shapes options provides additional clarity and avoids the hassle of toggling between chart types in TradingView.
● How to Use:
1. **Add the Indicator**:
- Add the "Heikin Ashi with Price Overlay (No Repainting)" indicator to your TradingView chart.
2. **Toggle Price Display**:
- Use the input option to choose whether to display Heikin Ashi prices or actual prices. This can be done by toggling the checkbox in the settings.
3. **Interpret the Visuals**:
- Observe the Heikin Ashi candles, bar colors, price overlay line, and circles to understand the market trend. Bullish trends are represented by aqua candles and circles, while bearish trends are indicated by fuchsia candles and circles.
●Notes:
- To prevent overlapping and ensure a clear view of the Heikin Ashi candles, disable the default TradingView candles by going to the chart settings and unchecking the "Candles" option.
- When using the barcolor feature, disable the Heikin Ashi candles to avoid overlapping and maintain a clear visual representation. This can be done by unchecking the relevant options in the indicator settings.
This indicator provides a comprehensive and clear visual representation of the market using Heikin Ashi candles, making it easier to identify trends and make informed trading decisions. By integrating various visual elements into a single indicator, it offers greater convenience and flexibility compared to frequently switching between different chart types on TradingView.
This TradingView indicator overlays Heikin Ashi (HA) candles on your chart, providing a clear and visually intuitive way to analyze market trends. The script offers the option to display either Heikin Ashi prices or actual prices, making it versatile for different trading strategies. Here’s a detailed breakdown of its features:
●Key Features:
1. **Heikin Ashi Calculations**:
- The script calculates Heikin Ashi values (Open, High, Low, Close) to provide a smoothed representation of price action, helping to filter out market noise.
2. **User Input Option**:
- A user input toggle allows you to choose between showing Heikin Ashi prices or actual prices on the chart, giving flexibility based on your preference or strategy.
3. **Non-Repainting Heikin Ashi Open**:
- By using the `var` and `nz` functions, the Heikin Ashi open price is calculated in a way that prevents repainting, ensuring reliable and accurate historical data.
4. **Visual Presentations**:
- **Heikin Ashi Candles**: Plotted with color differentiation: aqua for bullish candles (HA close >= HA open) and fuchsia for bearish candles (HA close < HA open). This visual distinction helps in quickly identifying market trends.
- **Price Overlay Line**: The selected price (either Heikin Ashi or actual) is plotted as a horizontal line, color-coded (blue for Heikin Ashi price, orange for actual price) to track the chosen price type over time.
- **Bar Coloring**: The script colors the bars based on the direction of the Heikin Ashi candles, further enhancing the visual representation of trends.
- **Bullish/Bearish Circles**: Small circles are plotted at the bottom of the chart, colored aqua for bullish HA candles and fuchsia for bearish HA candles. These markers provide additional visual cues for trend direction.
●Convenience of Use:
- **Integrated Heikin Ashi Candles and Price**: This indicator allows you to view both Heikin Ashi candles and actual prices simultaneously without needing to switch between different chart types. This integration offers a more seamless and comprehensive analysis experience.
- **Customizable Visuals**:
- You can switch between different visual representations (Heikin Ashi candles, bar color, and plotted shapes) within the same chart. This flexibility makes it more convenient to analyze trends and price actions according to your preferences, without the need to change chart types frequently.
- Using the bar color and plotted shapes options provides additional clarity and avoids the hassle of toggling between chart types in TradingView.
● How to Use:
1. **Add the Indicator**:
- Add the "Heikin Ashi with Price Overlay (No Repainting)" indicator to your TradingView chart.
2. **Toggle Price Display**:
- Use the input option to choose whether to display Heikin Ashi prices or actual prices. This can be done by toggling the checkbox in the settings.
3. **Interpret the Visuals**:
- Observe the Heikin Ashi candles, bar colors, price overlay line, and circles to understand the market trend. Bullish trends are represented by aqua candles and circles, while bearish trends are indicated by fuchsia candles and circles.
●Notes:
- To prevent overlapping and ensure a clear view of the Heikin Ashi candles, disable the default TradingView candles by going to the chart settings and unchecking the "Candles" option.
- When using the barcolor feature, disable the Heikin Ashi candles to avoid overlapping and maintain a clear visual representation. This can be done by unchecking the relevant options in the indicator settings.
This indicator provides a comprehensive and clear visual representation of the market using Heikin Ashi candles, making it easier to identify trends and make informed trading decisions. By integrating various visual elements into a single indicator, it offers greater convenience and flexibility compared to frequently switching between different chart types on TradingView.