Heikin Ashi 4 hours in a 1 minute timeframe

• 02/21/2018 at 8:56 AM #63343
  Benjamin

  Hi

  I am using a 4 hour Heikin Ashi filter in one of my trading strategies (e.g. when 4h Heikin Ashi is green the main trent is Bull and when it becomes red then trent has changed to Bear). The trigger for buy/sell is done in a 1 minute chart and I wounder if it is possible to create a code that will give tru/false (1/-1) for the filer (4h HA) in the 1 minute chart?

  

  Benjamin

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  02/21/2018 at 9:17 AM #63351
  Nicolas

  I moved your post to a whole new topic.

  I think that it would be possible to code something about this idea. But, do you want to know the 4 hours Heikin Ashi candlestick color while it is still not closed in this timeframe? Or do you want to update the info only once the 4h candle has closed (so one time each 4 hours)?

  

  Nicolas

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  02/21/2018 at 10:44 AM #63364
  Benjamin

  Hi Nicolas and thank´s for your answer!

  Yes, I want to know if 4 hr Heikin Ashi is green (bull) or red (bear) during the 4 hr period (sometimes it switches from bull to bear /bear to bull during the open period). E.g when I have a trigger buy (bull position) in my 1 minute chart the overall trend, during the open period, 4 hour Heikin Ashi has to be bull (green). Otherwise, the trigger is false.

  I want the script to test in the current period how 4 hr Heikin Ashi is located, red or green (not the previous closed period)

  Now I using this script (I think you’ve created it), see below. At the moment I doing the filtering manually and it would be greath if I can ad a code into the 1 minute trigger script.

  if barindex>1 then haclose=(open+close+low+high)/4 haopen=(haopen[1]+haclose[1])/2 xHigh = Max(haOpen, haClose) xLow = Min(haOpen, haClose) hahigh = Max(High,xHigh) halow = Min(Low,xLow) endif if haclose>hahigh[1] then lsignal = 1 elsif haclose<halow[1] then lsignal = -1 endif return lsignal as "BULL or BEAR"

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  if barindex>1 then haclose=(open+close+low+high)/4 haopen=(haopen[1]+haclose[1])/2 xHigh = Max(haOpen, haClose) xLow = Min(haOpen, haClose) hahigh = Max(High,xHigh) halow = Min(Low,xLow) endif   if haclose>hahigh[1] then lsignal = 1 elsif haclose<halow[1] then lsignal = -1   endif return lsignal as "BULL or BEAR"

   

  Thanks in advance

  

  Benjamin

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  02/21/2018 at 12:48 PM #63380
  Benjamin

  Paste the wrong code.

  This is the code i’m using for manual filtering.

  ONCE PreviousStatus = 0 IF BarIndex = 0 THEN XClose = TotalPrice XOpen = (Open + Close) / 2 ELSE XClose = TotalPrice XOpen = (XOpen[1] + Xclose[1]) / 2 ENDIF val1=0 val2=0 IF XClose >= XOpen THEN IF PreviousStatus <> 1 THEN val1=1 PreviousStatus = 1 ENDIF ELSE IF PreviousStatus <> -1 THEN val2=1 PreviousStatus = -1 ENDIF ENDIF return val1 as "Bull-Green HA", val2 as "Bear-Red HA"

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  ONCE PreviousStatus = 0 IF BarIndex = 0 THEN XClose = TotalPrice XOpen = (Open + Close) / 2 ELSE XClose = TotalPrice XOpen = (XOpen[1] + Xclose[1]) / 2 ENDIF val1=0 val2=0 IF XClose >= XOpen THEN IF PreviousStatus <> 1 THEN val1=1 PreviousStatus = 1 ENDIF ELSE IF PreviousStatus <> -1 THEN val2=1 PreviousStatus = -1 ENDIF ENDIF return val1 as "Bull-Green HA", val2 as "Bear-Red HA"

   

  

  Benjamin

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  02/22/2018 at 8:39 AM #63445
  Nicolas

  I made this code, it is only compatible for a 1 minute timeframe. I made comparison with the 4 hours timeframe and it seems good.

  //https://www.prorealcode.com/topic/heikin-ashi-4-hours-in-a-1-minute-timeframe/ //Nicolas@prorealcode.com if minute=1 and (hour=0 or hour=4 or hour=8 or hour=12 or hour=16 or hour=20) then openh4=open highh4=0 lowh4=close*100 haopen=(haopen[1]+haclose[1])/2 drawvline(barindex) drawtext("#haclose#",barindex,1) endif highh4 = max(highh4,high) lowh4= min(lowh4,low) haclose=(openh4+close+lowh4+highh4)/4 if haclose>haopen then signal=1 r=0 g=200 else signal=-1 r=200 g=0 endif return signal coloured (r,g,0) style(histogram)

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  //https://www.prorealcode.com/topic/heikin-ashi-4-hours-in-a-1-minute-timeframe/ //Nicolas@prorealcode.com if minute=1 and (hour=0 or hour=4 or hour=8 or hour=12 or hour=16 or hour=20) then openh4=open highh4=0 lowh4=close*100 haopen=(haopen[1]+haclose[1])/2 drawvline(barindex) drawtext("#haclose#",barindex,1) endif highh4 = max(highh4,high) lowh4= min(lowh4,low) haclose=(openh4+close+lowh4+highh4)/4   if haclose>haopen then signal=1 r=0 g=200 else signal=-1 r=200 g=0 endif   return signal coloured (r,g,0) style(histogram)

   

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  Nicolas

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  02/22/2018 at 10:12 AM #63463
  Alai-n

  Bonjour Nicolas,

   

  Pourquoi l’affichage d’unités d’historique en 1 minutes changent elles la donne sur l’indicateur???

  

  Alai-n

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  02/22/2018 at 10:17 AM #63465
  Nicolas

  @Alai-n

  Sorry, english topic..

  
  @benji_064

  Made a complete indicator with more options, in particular the capability to choose higher timeframe: Heikin Ashi of higher timeframes (hourly TF)

  

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  02/22/2018 at 10:47 AM #63470
  Alai-n

  Hello Nicolas,

   

  Why does the display of historical units in 1 minutes change the situation on the indicator ???

  

  Alai-n

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  02/22/2018 at 10:51 AM #63472
  Nicolas

  Because Heikin Ashi refer to last known candle at its open, so the more data you have the better and accurate is the calculation. Because we try here to get the superior timeframe value, we need many bars to compute at least 3 or 4 H4 candlesticks and get the same HAOPEN than in the superior timeframe. Hope it’s clear.

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  Nicolas

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  02/22/2018 at 10:59 AM #63476
  Alai-n

  Not clear at all;) But hey I trust you … If I use it I remember that it needed history, it’s already that !!!

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  Alai-n

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  02/23/2018 at 11:46 AM #63650
  Benjamin

  Hi Nicolas,

  Many thanks the response and the code. It looks like imitating 4 hr Heikin Ashi very well. I will try and see how it works. What changes to the code would I have to do if I were to emulate 1 hr Heikin Ashi to the 1 minute graph?

  

  Benjamin

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  02/23/2018 at 11:51 AM #63652
  Nicolas

  Benjamin wrote:

  What changes to the code would I have to do if I were to emulate 1 hr Heikin Ashi to the 1 minute graph?

  Nothing to change, use the indicator I posted in the library and set the setting to “1”. Everything is explained in the above link.

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  Nicolas

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  02/23/2018 at 12:18 PM #63658
  Benjamin

  Nicolas wrote:

  Benjamin wrote:

  What changes to the code would I have to do if I were to emulate 1 hr Heikin Ashi to the 1 minute graph?

  Nothing to change, use the indicator I posted in the library and set the setting to “1”. Everything is explained in the above link.

  Ok, thank’s!  I tryed to use the indicator that you have created but something seems to be wrong. See attached picture.

  

  

  Benjamin

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  02/23/2018 at 1:19 PM #63665
  Nicolas

  You made a wrong copy/paste. Please download the .itf file and import it directly into your platform: How to import and export codes from ProRealTime platform?

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  Nicolas

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  02/23/2018 at 4:46 PM #63719
  Leo

  I think line 4 is :

  open4h = (open4h+haclose)

  very clever method for calculating 4 hour tf in minute chart. Thanks Nicolas.

  benjamin: let us know your methodology of trading, seems very interesting for scalping.

  thanks in advance.

  

  Leo

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