Heikin-Ashi candle smoothed TOPIC

• 07/08/2018 at 8:24 PM #75608
  ALE

  Hello

  this Topic is to ask more informations about Heikin-Ashi candle smoothed

  You can use this indicators in different ways

  • Moving Average
  • Range area
  • Filtered area of market movement

  You can set :

  • Average period of candle=HeikinPeriod
  • Average Type (simple,exponential,triangular, etc) = AverageType
  • Average period of impression channel (Highest/Lowest) = ChannelPeriod
  • Transparency of the candle =Transparency

  Heikin-Ashi candle smoothed

  //ALE - 28.06.2018 //@PROREALCODE ///////// //HeikinPeriod =40 //AverageType =5 //ChannelPeriod=10 //TransParency =15 ///////// IF BarIndex=0 THEN xClose = (open+high+low+close)/4 xOpen = open xHigh = high xLow = low ELSE xClose = (open+high+low+close)/4 xOpen = (xOpen[1]+xClose[1])/2 xHigh = Max(max(high, xOpen), xClose) xLow = Min(min(Low, xOpen), xClose) endif //Smoothed Heikin-Ashi xxclose=Average[max (1,HeikinPeriod),AverageType](xclose) xxOpen = Average[max (1,HeikinPeriod),AverageType](xOpen) xxHigh = Average[max (1,HeikinPeriod),AverageType](xHigh) xxLow = Average[max (1,HeikinPeriod),AverageType](xLow) //Colour Setting MyDi = xxclose-xxclose[1] r=50+(200-MyDi*100) g=50+(200+MyDi*100) b=50+(0+MyDi*30) //Build channel with Highest and Lowest of Heikin-Ashi smoothed candle DRAWCANDLE(xxOpen, highest[max(1, ChannelPeriod)](xxHigh), lowest[max(1, ChannelPeriod)](xxlow), xxClose) Coloured (R,G,b,MAX(50,Transparency*10)) Return

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  //ALE - 28.06.2018 //@PROREALCODE ///////// //HeikinPeriod =40 //AverageType  =5 //ChannelPeriod=10 //TransParency =15 ///////// IF BarIndex=0 THEN xClose = (open+high+low+close)/4 xOpen = open xHigh = high xLow = low ELSE xClose = (open+high+low+close)/4 xOpen = (xOpen[1]+xClose[1])/2 xHigh = Max(max(high, xOpen), xClose) xLow = Min(min(Low, xOpen), xClose) endif //Smoothed Heikin-Ashi xxclose=Average[max (1,HeikinPeriod),AverageType](xclose) xxOpen = Average[max (1,HeikinPeriod),AverageType](xOpen) xxHigh = Average[max (1,HeikinPeriod),AverageType](xHigh) xxLow  = Average[max (1,HeikinPeriod),AverageType](xLow) //Colour Setting MyDi = xxclose-xxclose[1] r=50+(200-MyDi*100) g=50+(200+MyDi*100) b=50+(0+MyDi*30) //Build channel with Highest and Lowest of Heikin-Ashi smoothed candle DRAWCANDLE(xxOpen, highest[max(1, ChannelPeriod)](xxHigh), lowest[max(1, ChannelPeriod)](xxlow), xxClose) Coloured (R,G,b,MAX(50,Transparency*10)) Return

   

   

  

  ALE

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  07/09/2018 at 10:15 PM #75683
  T-rader

  Hey Ale,

  I can´t get it to change colors, it only shows one color. What am I missing?

  

  T-rader

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  07/10/2018 at 4:51 AM #75688
  ALE

  Which market and time frame is it?
  Thanks

  

  ALE

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  03/30/2020 at 11:40 AM #123918
  ALE

  Hello
  I have updated the code .
  Now it will be possible to choose whether the candles will have a variable color, or a fixed color: green and red.
  I also fixed the variable color problem, so now it works on any market and time frame.

  In the attached files you will find:
  – Infographics
  – Heikin-Ashi candle smoothed “CODE” to import in your platform

  Regards
  Ale

  

  ALE

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  04/20/2020 at 12:27 PM #127052
  ALAIn

  Hi,

  Thank for this code. I’m very fan of it.

  I’m trying to use it building a probacktest but it’s not accepted by Prorealtime.  The error displayed is that the is ‘NO value’.

  When I try to add it on the same graph as the price or calling it on the code, I’ve also an error asking to : declare a value for it. Any idea how to fix that?

  Regards,

  Alain

   

  

  ALAIn

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  04/20/2020 at 1:14 PM #127075
  robertogozzi

  The indicator returns nothing, while at line 7 you expect a value to be assigned to C1.

   

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  ALE

  

  robertogozzi

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  04/20/2020 at 1:35 PM #127083
  ALE

  Hello Alain,

  The code has no values, a candle is drawn only.
  In the code below you will find the values you are looking for:

  Heikin_candle_volume_with_Values

  //ALE - 28.06.2018 //update -30.03.2020 //@PROREALCODE ///////// //HeikinPeriod =40 //AverageType =5 //ChannelPeriod=10 //TransParency =15 //ColouredCandle= 0-1 on/off ///////// IF BarIndex=0 THEN xClose = (open+high+low+close)/4 xOpen = open xHigh = high xLow = low ELSE xClose = (open+high+low+close)/4 xOpen = (xOpen[1]+xClose[1])/2 xHigh = Max(max(high, xOpen), xClose) xLow = Min(min(Low, xOpen), xClose) endif //Smoothed Heikin-Ashi xxclose=Average[max (1,HeikinPeriod),AverageType](xclose) xxOpen = Average[max (1,HeikinPeriod),AverageType](xOpen) xxHigh = Average[max (1,HeikinPeriod),AverageType](xHigh) xxLow = Average[max (1,HeikinPeriod),AverageType](xLow) IF ColouredCandle then //Colour Setting MyDi = xxclose-xxclose[1] MyDi=MyDi*(1/pointsize) r=50+(200-MyDi*100) g=50+(200+MyDi*100) b=50+(0+MyDi*30) ELSE IF xxClose>xxOpen then R=0 G=255 B=0 ELSE R=255 G=0 B=0 ENDIF ENDIF if range>0 then AVGr=Average[channelperiod](range) endif //Build channel with Highest and Lowest of Heikin-Ashi smoothed candle DRAWCANDLE(xxOpen, (xxHigh+(xxHigh-xxlow)/2)+avgr, (xxlow-(xxHigh-xxlow)/2)-avgr, xxClose) Coloured (R,G,b,MAX(50,Transparency*10)) return xxOpen coloured (255,255,255,0) as "open",(xxHigh+(xxHigh-xxlow)/2)+avgr coloured (255,255,255,0) as "high",(xxlow-(xxHigh-xxlow)/2)-avgr coloured (255,255,255,0) as "low",xxClose coloured (255,255,255,0) as "close"

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  //ALE - 28.06.2018 //update -30.03.2020 //@PROREALCODE ///////// //HeikinPeriod =40 //AverageType  =5 //ChannelPeriod=10 //TransParency =15 //ColouredCandle= 0-1  on/off /////////   IF BarIndex=0 THEN xClose = (open+high+low+close)/4 xOpen = open xHigh = high xLow = low ELSE xClose = (open+high+low+close)/4 xOpen = (xOpen[1]+xClose[1])/2 xHigh = Max(max(high, xOpen), xClose) xLow = Min(min(Low, xOpen), xClose) endif //Smoothed Heikin-Ashi xxclose=Average[max (1,HeikinPeriod),AverageType](xclose) xxOpen = Average[max (1,HeikinPeriod),AverageType](xOpen) xxHigh = Average[max (1,HeikinPeriod),AverageType](xHigh) xxLow  = Average[max (1,HeikinPeriod),AverageType](xLow) IF ColouredCandle then //Colour Setting MyDi = xxclose-xxclose[1] MyDi=MyDi*(1/pointsize) r=50+(200-MyDi*100) g=50+(200+MyDi*100) b=50+(0+MyDi*30) ELSE IF xxClose>xxOpen then R=0 G=255 B=0 ELSE R=255 G=0 B=0 ENDIF ENDIF if range>0 then AVGr=Average[channelperiod](range) endif   //Build channel with Highest and Lowest of Heikin-Ashi smoothed candle DRAWCANDLE(xxOpen, (xxHigh+(xxHigh-xxlow)/2)+avgr, (xxlow-(xxHigh-xxlow)/2)-avgr, xxClose) Coloured (R,G,b,MAX(50,Transparency*10))   return xxOpen coloured (255,255,255,0) as "open",(xxHigh+(xxHigh-xxlow)/2)+avgr coloured (255,255,255,0) as "high",(xxlow-(xxHigh-xxlow)/2)-avgr coloured (255,255,255,0) as "low",xxClose coloured (255,255,255,0) as "close"

  ignored, HHigh, ignored, ignored = CALL "Heikin_Candle_smoothed"[40, 5, 10, 15, 0] c1 = (HHigh> close) ignored, ignored, LLow, ignored = CALL "Heikin_Candle_smoothed"[40, 5, 10, 15, 0] c2 = (LLow< close)

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  ignored, HHigh, ignored, ignored = CALL "Heikin_Candle_smoothed"[40, 5, 10, 15, 0] c1 = (HHigh> close)   ignored, ignored, LLow, ignored = CALL "Heikin_Candle_smoothed"[40, 5, 10, 15, 0] c2 = (LLow< close)

  Thanks
  Ale

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  ALAIn

  

  ALE

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  10/17/2024 at 10:43 AM #239133
  D.trading

  Loving the smoothed Heikin-Ashi indicator Ale.

  I’m trying a variant of the same indicator where the Heikin-Ashi is ‘smoothed’ using an EMA before & after calculating the Heikin-Ashi.

  Here is my code:

  Smoothed Heiken Ashi indicator code

  /* Variables (defined as Indicator Variables) len = 20 len2 = 20 */ // First smoothing using EMA open1 = ExponentialAverage[len](open) close1 = ExponentialAverage[len](close) high1 = ExponentialAverage[len](high) low1 = ExponentialAverage[len](low) // Generating the Heikin Ashi candles haClose = (open1 + high1 + low1 + close1)/4 IF BarIndex = 0 THEN haOpen = ROUND((open1 + close1) / 2, 2) ELSE haOpen = ROUND((haOpen[1] + haClose[1]) / 2, 2) ENDIF haHigh = Max(Max(high1, haOpen), close1) haLow = Min(Min(low1, haOpen), close1) // Second smoothing using EMA open2 = ExponentialAverage[len2](haOpen) close2 = ExponentialAverage[len2](haClose) high2 = ExponentialAverage[len2](haHigh) low2 = ExponentialAverage[len2](haLow) RETURN close2 AS "Close", open2 AS "Open", high2 As "High", low2 AS "Low

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  /* Variables (defined as Indicator Variables) len = 20 len2 = 20 */   // First smoothing using EMA open1 = ExponentialAverage[len](open) close1 = ExponentialAverage[len](close) high1 = ExponentialAverage[len](high) low1 = ExponentialAverage[len](low)   // Generating the Heikin Ashi candles haClose = (open1 + high1 + low1 + close1)/4 IF BarIndex = 0 THEN haOpen = ROUND((open1 + close1) / 2, 2) ELSE haOpen = ROUND((haOpen[1] + haClose[1]) / 2, 2) ENDIF haHigh = Max(Max(high1, haOpen), close1) haLow = Min(Min(low1, haOpen), close1)   // Second smoothing using EMA open2 = ExponentialAverage[len2](haOpen) close2 = ExponentialAverage[len2](haClose) high2 = ExponentialAverage[len2](haHigh) low2 = ExponentialAverage[len2](haLow)   RETURN close2 AS "Close", open2 AS "Open", high2 As "High", low2 AS "Low

  To start with, I’m just trying to plot the OHLC from the 2nd EMA.

  The issue I’m having is that open2, high2, and low2 don’t seem to have a value, as shown in the screenshot.

  I’ve tried debugging but can’t find the issue.

  If anyone knows where I’m going wrong, I’d really appreciate your help!

  

  D.trading

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  10/17/2024 at 12:25 PM #239146
  robertogozzi

  Some code has to be executed only after the lookback period has elapsed:

  // Variables (defined as Indicator Variables) len = 20 len2 = 20 // First smoothing using EMA open1 = ExponentialAverage[len](open) close1 = ExponentialAverage[len](close) high1 = ExponentialAverage[len](high) low1 = ExponentialAverage[len](low) IF BarIndex > max(len,len2) THEN // Generating the Heikin Ashi candles haClose = (open1 + high1 + low1 + close1)/4 IF BarIndex = 0 THEN haOpen = ROUND((open1 + close1) / 2, 2) ELSE haOpen = ROUND((haOpen[1] + haClose[1]) / 2, 2) ENDIF haHigh = Max(Max(high1, haOpen), close1) haLow = Min(Min(low1, haOpen), close1) // Second smoothing using EMA open2 = ExponentialAverage[len2](haOpen) close2 = ExponentialAverage[len2](haClose) high2 = ExponentialAverage[len2](haHigh) low2 = ExponentialAverage[len2](haLow) endif RETURN close2 AS "Close", open2 AS "Open", high2 As "High", low2 AS "Low"

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  // Variables (defined as Indicator Variables) len  = 20 len2 = 20   // First smoothing using EMA open1  = ExponentialAverage[len](open) close1 = ExponentialAverage[len](close) high1  = ExponentialAverage[len](high) low1   = ExponentialAverage[len](low)   IF BarIndex > max(len,len2) THEN    // Generating the Heikin Ashi candles    haClose = (open1 + high1 + low1 + close1)/4    IF BarIndex = 0 THEN       haOpen = ROUND((open1 + close1) / 2, 2)    ELSE       haOpen = ROUND((haOpen[1] + haClose[1]) / 2, 2)    ENDIF    haHigh = Max(Max(high1, haOpen), close1)    haLow  = Min(Min(low1, haOpen), close1)    // Second smoothing using EMA    open2  = ExponentialAverage[len2](haOpen)    close2 = ExponentialAverage[len2](haClose)    high2  = ExponentialAverage[len2](haHigh)    low2   = ExponentialAverage[len2](haLow) endif RETURN close2 AS "Close", open2 AS "Open", high2 As "High", low2 AS "Low"

   

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  D.trading

  

  robertogozzi

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  10/17/2024 at 12:39 PM #239147
  D.trading

  Thank you so much Roberto. That makes sense!

  I did try the PRELOADBARS function because I thought it may have had something to do with the lookback period, but it doesn’t allow it as part of an indicator.

  Your solution is neat.

  Thanks!

  

  D.trading

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