Converting Price Data to Heiken-Ashi Format

• 03/07/2025 at 10:46 AM #244744
  tomlin873

  Hello, on a 5 minute chart I want to inspect the high, low, 1st open, last close for the last three candles and draw that as a separate panel indicator on the 5 minute chart.
  Then the next 5 minute period and so on.
  (That is, a rolling 15 minute bar on a 5 minute chart. Conventionally 15m bars are only :00, :15, :30, :45.)

  So for the 3 candle ‘triplet’ the data generated is the max price high, min low across the three candles, the opening price at the start of the 15 minute ‘triplet’ and the closing price at the end of the ‘triplet’.

  I’ve attached my code so far – it works and gives an exact representation of PRICE candles generated in this way, :00, :15, :30, :45 candles match exactly the corresponding 15 minute chart data.

  My problem is: I do not get the correct result when I try to adjust my code for Heiken-Ashi output: it doesn’t match anything if I cross reference the 15m HA chart.

  Can anyone suggest code that takes my triplet data and draws the Heiken-Ashi candle version?

  Thank you very much

  Generates 'triplet' data for last 3 bars

  // Uses the 5m bars over the last 15m period to create a 15m bar EACH 5 MINUES // Each price point: TripletLow = Lowest[3](Low) TripletHigh = Highest[3](High) TripletOpen = Open[2] TripletClose = Close // Draw Bars if TripletClose > TripletOpen then DrawCandle(TripletOpen, TripletHigh, TripletLow, TripletClose) Coloured (0, 200, 0) // Green candle else DrawCandle(TripletOpen, TripletHigh, TripletLow, TripletClose) Coloured (200, 0, 0) // Red candle endif Return

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  // Uses the 5m bars over the last 15m period to create a 15m bar EACH 5 MINUES     // Each price point: TripletLow = Lowest[3](Low) TripletHigh = Highest[3](High) TripletOpen = Open[2] TripletClose = Close   // Draw Bars if TripletClose > TripletOpen then DrawCandle(TripletOpen, TripletHigh, TripletLow, TripletClose) Coloured (0, 200, 0) // Green candle else DrawCandle(TripletOpen, TripletHigh, TripletLow, TripletClose) Coloured (200, 0, 0) // Red candle endif   Return

  

  tomlin873

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  03/07/2025 at 1:07 PM #244745
  JS

  Here’s the conversion of the “triplets” to Heikin Ashi…

  HA Triplets

  // Uses the 5m bars over the last 15m period to create a 15m bar EACH 5 MINUTES // Basis triplet-data TripletLow = Lowest[3](Low) TripletHigh = Highest[3](High) TripletOpen = Open[2] TripletClose = Close // Heikin-Ashi calculation HAClose = (TripletOpen + TripletHigh + TripletLow + TripletClose) / 4 HAOpen = (TripletOpen + TripletClose) / 2 // Initialisation HAOpen = (HAOpen + HAClose) / 2 HAHigh = Max(TripletHigh,Max(HAOpen, HAClose)) HALow = Min(TripletLow,Min(HAOpen, HAClose)) // Plotting HA-candles if HAClose > HAOpen then DrawCandle(HAOpen, HAHigh, HALow, HAClose) Coloured (0, 200, 0) // Groene HA candle else DrawCandle(HAOpen, HAHigh, HALow, HAClose) Coloured (200, 0, 0) // Rode HA candle endif Return

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  // Uses the 5m bars over the last 15m period to create a 15m bar EACH 5 MINUTES   // Basis triplet-data TripletLow = Lowest[3](Low) TripletHigh = Highest[3](High) TripletOpen = Open[2] TripletClose = Close   // Heikin-Ashi calculation HAClose = (TripletOpen + TripletHigh + TripletLow + TripletClose) / 4 HAOpen = (TripletOpen + TripletClose) / 2  // Initialisation HAOpen = (HAOpen + HAClose) / 2 HAHigh = Max(TripletHigh,Max(HAOpen, HAClose)) HALow = Min(TripletLow,Min(HAOpen, HAClose))   // Plotting HA-candles if HAClose > HAOpen then DrawCandle(HAOpen, HAHigh, HALow, HAClose) Coloured (0, 200, 0) // Groene HA candle else DrawCandle(HAOpen, HAHigh, HALow, HAClose) Coloured (200, 0, 0) // Rode HA candle endif   Return

   

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  JS

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