Indicator based on Hieken Ashi

• 09/10/2020 at 12:46 PM #143864
  kaq52

  Hi, need support in creating a simple indicator with following criteria:

  If at least one of the last 5 Hieken Ashi candles have body size 20% of its total length, return true.

  Colour of the candle doesn’t matter.

  Thanks a million in advance.

  

  kaq52

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  09/10/2020 at 1:27 PM #143865
  Nicolas

  The below code should do the job.

  xClose = (open+high+low+close)/4 IF BarIndex=0 THEN xOpen = open xHigh = high xLow = low ELSe xOpen = (xOpen[1] + xClose[1])/2 xHigh = Max(Max(high, xOpen), xClose) xLow = Min(Min(low, xOpen), xClose) ENDIF harange = xhigh-xlow habody = abs(xclose-xopen) test = summation[5](habody>=.2*harange)>0 return test

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  xClose = (open+high+low+close)/4 IF BarIndex=0 THEN xOpen = open xHigh = high xLow = low ELSe xOpen = (xOpen[1] + xClose[1])/2 xHigh = Max(Max(high, xOpen), xClose) xLow = Min(Min(low, xOpen), xClose) ENDIF   harange = xhigh-xlow habody = abs(xclose-xopen) test = summation[5](habody>=.2*harange)>0   return test

   

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  kaq52

  

  Nicolas

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  09/10/2020 at 1:32 PM #143866
  kaq52

  Thanks Nicolas.

  

  kaq52

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  09/10/2020 at 1:40 PM #143871
  robertogozzi

  There you go:

  once xOpen = open xClose = (open + close + high + low) / 4 if barindex > 0 then xOpen = (xOpen + xClose[1]) / 2 endif xLow = min(low,min(xClose,xOpen)) xHigh = max(high,max(xClose,xOpen)) xRange = xHigh - xLow xBody = abs(xClose - xOpen) Cond = xBody >= (xRange * 0.20) //Body is 20%+ of the range Result = summation[5](Cond) RETURN Result AS "Result"

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  once xOpen = open xClose     = (open + close + high + low) / 4 if barindex > 0 then     xOpen  = (xOpen + xClose[1]) / 2 endif xLow       = min(low,min(xClose,xOpen)) xHigh      = max(high,max(xClose,xOpen)) xRange     = xHigh - xLow xBody      = abs(xClose - xOpen) Cond       = xBody >= (xRange * 0.20)    //Body is 20%+ of the range Result     = summation[5](Cond) RETURN Result AS "Result"

  you asked for “body is 20%”, but his would almost never return a true value, since being exactly 20% is so rare, if not impossible!   So I added >= so that any candle that is equal to or exceeds 20% returns true. Should you want to be returned when the body is <= 20% just replace “>” with “<“.

  The returned values are 0 to 5 (0=none, 1…5=the number of candles that match your criterion). With the indicator properties you may select either a line or a histogram.

   

  

  robertogozzi

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  09/10/2020 at 1:41 PM #143872
  robertogozzi

  I was  writing while Nicolas posted.

  Better two than none!

  You can see two different ways of setting up the HA candlesticks.

   

  

  robertogozzi

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