OPEN-SOURCE SCRIPT
Heikin Ashi Oscillator
Updated
This indicator plots a delta between the Heiken Ashi close price and the regular candlestick closing price as a histogram, which allows you to quickly analyse changes in trend
direction.
It also provides a reverse-engineered closing price for regular candlesticks, to reach in order to maintain the momentum, which allows you to be forewarned of potential pivot points to change in bias in direction.
Feel free to use this indicator to modify and add to your charts as you wish.
direction.
It also provides a reverse-engineered closing price for regular candlesticks, to reach in order to maintain the momentum, which allows you to be forewarned of potential pivot points to change in bias in direction.
Feel free to use this indicator to modify and add to your charts as you wish.
Release Notes
Functions to avoid repaint if backtesting. Update to use columns instead of Histogram. Minor cleanupRelease Notes
New Feature: Update script to allow for smoothing function similar to the On-Chart script that has been created also
Release Notes
Added some spicy smoothing methods - Hull Moving Average, Volume Weighted Moving Average and RSI Moving AverageRelease Notes
Update info box text to include volatility to assess trend strengthRelease Notes
Add grow/fall colours similar to MACD to aid with visual assistanceOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.