Programming a Heiken-Ashi indicator

• 01/01/2017 at 10:38 AM #19536
  conwol

  Hi all,

  I have been using heiken-ashi on higher time frames as a trend indicator for lower time frames with some success. I’d like to program an indicator for a higher time fram heiken-ashi (say 1 hour) that I can use for a lower time frame (say 5 mins). Does anyone have any idea of how this could be done?

  Great pipping to all in the new year.

  

  conwol

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  01/02/2017 at 11:14 AM #19619
  Nicolas

  >> Please update your country flag in your profile. Thank you 🙂 <<

  I think we could do something to draw candlesticks of superior timeframe with the new instruction DRAWCANDLE, but this is only compatible with version 10.3. What version of prorealtime are you using?

  

  Nicolas

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  01/02/2017 at 7:03 PM #19645
  cfta

  Hi,

  I would love a piece of code like that too, in fact I have already been experimenting with the HA indicator which Elsborgtrading provided in my Grid orders thread. I modified the code slightly intending to run it on M1 showing the HA value of M5 but I doubt I got it right since there are a lot of blank candles but thought it might be useful 🙂

  //Heikin-Ashi xClose = (Open+High+Low+Close)/4 if(barindex>2) then xOpen = (xOpen[5] + xClose[5])/2 endif changeToGreencandle = xClose[5]>xOpen[5] AND xClose[5]<xOpen[5] ChangeToRedcandle = xClose[5]<xOpen[5] AND xClose[5]>xOpen[5] Greencandle=xclose>xopen redcandle=xclose<xopen If changeToGreencandle then Indicator1=1 elsif greencandle then indicator1=0.5 Else Indicator1=0 Endif If ChangeToRedcandle then Indicator22=-1 elsif redcandle then indicator22=-0.5 Else Indicator22=0 Endif Return indicator1 COLOURED(0,255,0) as "Buy", indicator22 COLOURED(255,0,0) as "Sell"

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  //Heikin-Ashi xClose = (Open+High+Low+Close)/4 if(barindex>2) then xOpen = (xOpen[5] + xClose[5])/2 endif changeToGreencandle = xClose[5]>xOpen[5] AND xClose[5]<xOpen[5] ChangeToRedcandle = xClose[5]<xOpen[5] AND xClose[5]>xOpen[5] Greencandle=xclose>xopen redcandle=xclose<xopen If changeToGreencandle then Indicator1=1 elsif greencandle then indicator1=0.5 Else Indicator1=0 Endif   If ChangeToRedcandle then   Indicator22=-1 elsif redcandle then indicator22=-0.5 Else Indicator22=0 Endif Return indicator1 COLOURED(0,255,0) as "Buy", indicator22 COLOURED(255,0,0) as "Sell"

   

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  Elsborgtrading

  

  cfta

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