BullCharts : Heikin - Ashi Candlesticks

Heikin - Ashi Candlesticks : Normal 0 ...

Sat, 20 Oct 2012 16:36:12 +0000

Author: jazza
Subject: 852
Posted: 20 Oct 2012 at 4:36pm

Hi cmacdon,

Some serious codingthere and nice adjustments. I have pasted to a new template and will use as analternative with my old Heikin Ashi for comparison.

Thanks very much, cheers

Heikin - Ashi Candlesticks : Here is the Bullscript cod...

Mon, 15 Oct 2012 11:26:14 +0000

Author: cmacdon
Subject: 852
Posted: 15 Oct 2012 at 11:26am

Here is the Bullscript code

-----------------------------------------------

[target

=Price;]

n :=

input("Define Haclose 1=(O,H,C,L)/4; 2=pldot ",2,1);

pldot:=(((

hist(h,0)+hist(Low,0)+hist(C,0))/3)+((hist(h,1)+hist(Low,1)+hist(C,1))/3)+((hist(h,2)+hist(Low,2)+hist(C,2))/3))/3;

norm:=(

O+H+L+C)/4;

haClose :=

if(n=1,norm,pldot);

haOpen := (

prev + hist(haClose,1))/2;

haHigh :=

max(H, haOpen, haClose);

haLow :=

min(L, haOpen, haClose);

haCl:=((

O+H+L+C)/4+haOpen+Max((O+H+L+C)/4,Max(H,haOpen))+Min((O+H+L+C)/4,Min(L,haOpen)))/4;

Greenlight:=Hahigh-(haopen) ;

Redlight:=Halow-(haOpen);

{I changed this to a difference to net off the minor congestion amounts to whatever if the largest Traffic light tmeasure. this makes the trends more continuous for the coloured bars}

LightDiff:=Greenlight+Redlight;

[linestyle

=Candle;color=Green; ]

(lightdiff >=0.000, haOpen,undefined);

(lightdiff >=0.000, haHigh,undefined);

(lightdiff >=0.000, haLow,undefined);

(lightdiff >=0.000, haClose,undefined);

[linestyle

=Candle;color=Red; ]

(lightdiff <=0.000, haClose,undefined);

(lightdiff <=0.000, haLow,undefined);

(lightdiff <=0.000, haHigh,undefined);

(lightdiff <=0.000, haOpen,undefined);

[linestyle

=Candle; Width=2; color=Red; ]

(H<Hist(h,1) And Hist(h,1)>=Hist(H,2) AND Hist(h,1)>=Hist(H,3) AND Hist(h,1)>=Hist(H,4), haopen,undefined);

(H<Hist(h,1) And Hist(h,1)>=Hist(H,2) AND Hist(h,1)>=Hist(H,3) AND Hist(h,1)>=Hist(H,4), haLow,undefined);

(H<Hist(h,1) And Hist(h,1)>=Hist(H,2) AND Hist(h,1)>=Hist(H,3) AND Hist(h,1)>=Hist(H,4), haHigh,undefined);

(H<Hist(h,1) And Hist(h,1)>=Hist(H,2) AND Hist(h,1)>=Hist(H,3) AND Hist(h,1)>=Hist(H,4), haClose,undefined);

{To catch second bar at a Bottom turning point}

a:=

If((L>Hist(L,1) AND Hist(L,1)<=Hist(L,2) AND Hist(L,1)<=Hist(L,3) AND Hist(L,1)<=Hist(L,4) AND C>Hist(c,1)),1, undefined);

{To Catch a second incorrect HA bar after a bottom turning point}

a2:=

If (Hist(a,1) AND L>Hist(L,1)AND C>Hist(c,1) ,1,undefined);

{To Catch a third incorrect HA bar after a bottom turning point}

a3:=

If (Hist(a2,1) AND L>Hist(L,1) AND C>Hist(c,1),1,undefined);

[linestyle

=Candle; Width=2; color=Green; ]

(a OR a2 OR a3, HaClose,undefined);

(a OR a2 OR a3, HaLow,undefined);

(a OR a2 OR a3, HaHigh,undefined);

(a OR a2 OR a3, Haopen,undefined);

Heikin - Ashi Candlesticks : Here is some corrected code...

Mon, 15 Oct 2012 11:24:56 +0000

Author: cmacdon
Subject: 852
Posted: 15 Oct 2012 at 11:24am

Here is some corrected code to pick up earlier and correctly colour the HA , Ha-Pldot bars.

I provided an option to select the traditional haClose definition HaClose:= (O +H+C+L) or pldot.

At the bottom of the code I added some exception rules to overcome the probelm of HA bars not picking up changes in trend earl enough at tops and bottoms. This intoduces the possibility of whipsaws but they are more correct as they identify actual down bars in uptrends or actual upbars in down trends when they occue.

If you find further exceptions needed it is relatively easy as shown at the bottom of the code to add more exceptions using an Or statement.

The exception rules are triggered if you have the 3rd and 4th box ticked in the style menu i.e. Chart 4 below. if the exception rules are not triggered leave those boxes blank. Ticking them on and off gives some insight as to whther synthetic HA bars appear to be correct.

4 charts of AQP for comparison purposes are shown below

1 Original OHLC bars.

2 Original Defined HA code

3 My chart from code shown further below with original HA pldot bars ( exceptions not turned on)

4 Same chart with 3rd and 4th box in style menu turned on.

Heikin - Ashi Candlesticks : I just lost a correction post...

Sun, 14 Oct 2012 23:59:30 +0000

Author: cmacdon
Subject: 852
Posted: 14 Oct 2012 at 11:59pm

I just lost a correction post so I will do it again.

I withdraw and correct my proposal about using pldot in the HA definition two posts above. After reviewing it in more depth it appear that HA pldot is giving the appearance of improving the turning point but it is in fact picking up the same incorrect bar as the turning point as the original Ha bars showed. Both Ha definitions are picking up the actual second bar after the particula top as the first HA down bar. I will have to keep working at it.

Apologies.

Heikin - Ashi Candlesticks : In this chart, I thought it...

Sun, 14 Oct 2012 20:58:32 +0000

Author: cmacdon
Subject: 852
Posted: 14 Oct 2012 at 8:58pm

In this chart, I thought it might be worth comparing how smooth is pldot compared to a couple of other ways to develop similar indicators.

Chart 1 is the amended HA-pldot bars with Bollinger bands at 1 and 2 standard deviations where BB is based also on pldot.

Chart 2 is traditional HA bars and traditional Bollinger bands calculations based on the close rather than pldot.

Chart 3 is similar to t he above but BB is based on Hull Moving average which is one of the fastest MA configurations available.

In my view Chart 1 show that a system based on pldot has the edge in providing clearer potential signals.

Each 5 min chart is based on 10 period MA.

Heikin - Ashi Candlesticks : Here is a potential fix/improvement...

Sun, 14 Oct 2012 12:58:01 +0000

Author: cmacdon
Subject: 852
Posted: 14 Oct 2012 at 12:58pm

Here is a potential fix/improvement to the problem noted above regarding late signals, potential whipsaws or incorrect signals using traditional Heikin Ashi defined bars.

The key issue underlying HA bars is a moving average concept. The definition of HaClose is := (O+H+L+C)/4; and this MA estimate flows into each of the other definitions of HAHigh, HALow and HA Open bars.

In a lot of indicators based on moving averages, I tend to always use "pldot" as the moving average definition, as it tends to produce a very smooth MA and, because it is based on the last 3 bars the MA has a built in momentum component. Pldot was invented by Charles Drummond, a Canadian Trader and is the core input to Drummond Geometry Trading approach and software.

pldot:=(((

hist(h,0)+hist(Low,0)+hist(C,0))/3)+((hist(h,1)+hist(Low,1)+hist(C,1))/3)+((hist(h,2)+hist(Low,2)+hist(C,2))/3))/3;

If you copy the pldot code above into the top of the previous Heikin Ashi codes used in the above posts and

replace the definition of HaClose to -

haclose:=pldot, you get the improved charting results I show in the first comparison chart below. On the charts I have noted the potential benefits for trading using HA-pldot bars on the charts as I see them. You can make up your own minds.

I used AQP as the security, as it had the problem I noted above in an earlier post when it was still showing a HA up bar when clearly the market had turned.

Chart 1 is HA-pldot bars -this picks up the turning point and provides better comparative signals at other places and turning points on the chart.

Chart2 is my previous HA coloured bars for comparison purposes showing problematic turning points or potential whipsaw bars.

Chart 3 is Maximo's originally defined Heikin Ashi bars. Also showing comparative turning points or potential whipsaws traditional defined HA bars.

Heikin - Ashi Candlesticks : Normal 0 ...

Wed, 19 Sep 2012 13:54:05 +0000

Author: jazza
Subject: 852
Posted: 19 Sep 2012 at 1:54pm

Hi Cmacdon,

Interesting point re HA. I have been looking at the HAdelta(3) and have come to the conclusion that it is gives too many falsesignals. I think you alluded to that in an earlier post.

Still think the HA is a great trend trading tool. At themoment, I am combining it with my favorite momentum oscillator, a 7 period RSI

Heikin - Ashi Candlesticks :

Wed, 19 Sep 2012 11:09:10 +0000

Author: cmacdon
Subject: 852
Posted: 19 Sep 2012 at 11:09am

Heikin - Ashi Candlesticks : Going back to an earlier post...

Wed, 19 Sep 2012 11:08:05 +0000

Author: cmacdon
Subject: 852
Posted: 19 Sep 2012 at 11:08am

Going back to an earlier post about potential problems using HA bars to trade EOD or longer, and also the use of HA Delta or my HA Oscillator here is a good example of the issue from today's market.

At 10.30 a.m. approx AQP has dropped 12% from yesterdays high and 8% from Yesterdays Close yet the HA bar is still showing Green for an up trend.

The First chart shows the OHLC bars and the next charts shows the incorrect trend indication on the last HA bar at the same point in time

On the other hand, the Oscillator has picked up the change as it is coloured yellow showing a move down from a green bar indicating a decine from a maxima, and the HA Delta is showing a cross over.

Heikin - Ashi Candlesticks : Good Jazza

Wed, 19 Sep 2012 08:44:48 +0000

Author: cmacdon
Subject: 852
Posted: 19 Sep 2012 at 8:44am

Good Jazza

Heikin - Ashi Candlesticks : Normal 0 ...

Wed, 19 Sep 2012 01:39:07 +0000

Author: jazza
Subject: 852
Posted: 19 Sep 2012 at 1:39am

Maximo, got me thinking with your “fill attribute”. Had afiddle with your formula and managed to get the candles filled but with theblack outline and wicks for a crisper look.

[citation="'UsingThe Heikin-Ashi Technique', by Dan Valcu Stocks & Commodities Feb 2004www.traders.com"]

[target=Price]

haClose := (O+H+L+C)/4;

haOpen := (prev + hist(haClose,1))/2;

haHigh := max(H, haOpen, haClose);

haLow := min(L, haOpen, haClose);

[linestyle=Candle; color=Black]

if (haOpen < haClose,haOpen,undefined);

if (haOpen < haClose,haHigh,undefined);

if (haOpen < haClose,haLow,undefined);

if (haOpen < haClose,haClose,undefined);

[linestyle=Candle; color= Black]

If(haOpen >= haClose,haOpen,undefined);

If(haOpen >= haClose,haHigh,undefined);

If(haOpen >= haClose,haLow,undefined);

If(haOpen >= haClose,haClose,undefined);

[linestyle=fill bars; color=Red; width=4.5]

If(haOpen >= haClose,haOpen,undefined);

If(haOpen >= haClose,haClose,undefined);

[linestyle=fill bars; color=Lime Green; width=4.5]

If(haOpen <= haClose,haOpen,undefined);

If(haOpen <= haClose,haClose,undefined);

Heikin - Ashi Candlesticks : JazzaIf you are interested,...

Mon, 17 Sep 2012 19:21:57 +0000

Author: cmacdon
Subject: 852
Posted: 17 Sep 2012 at 7:21pm

Jazza

If you are interested, the last chart posted in the Volume Spread Analysis posts now shows solid trend colours in the body of the HA bars, and the VSA relative volume colurs as the tails and Ha bars outline.

Heikin - Ashi Candlesticks : Jazza Thanks for the image...

Mon, 17 Sep 2012 13:43:58 +0000

Author: cmacdon
Subject: 852
Posted: 17 Sep 2012 at 1:43pm

Jazza

Thanks for the image posting advice, I copied two charts at the bottom of the VSA Thread which are my normal VSA coloured screen and also a Heikin Ashi Bars coloured version according to my interpretation of VSA relative volume. The inidcator is an amalgamation of my last Solid colour HA bars above and the coloured VSA volume bars I previously posted on the VSA post section.

It is interesting in that the reversal bar small body and large tails at the bottom of the screen really sticks out in red because it had Ultrahigh volume, whereas just looking at HA consolidation or congestion bars in one or two colours may not have alerted one that this may have been a major this was a turning point. It is Tom Williams, the inventor of VSA point, that narrow spreads with Ultra High Volume indicates smart money is active.

Heikin - Ashi Candlesticks : Normal 0 ...

Sun, 16 Sep 2012 21:11:06 +0000

Author: jazza
Subject: 852
Posted: 16 Sep 2012 at 9:11pm

Hi Cmacdon,

Agreed re many of the books out there. However of coursethere are some gems out there. For instance, my Thomas Bulkowski books on chartPatterns and Candlesticks are like Encyclopedia reference books!

Thanks for your evaluation of the Vervoort book. He has lots of info and videoson his web site so may just look at those and avoid. Might think about the Valcubook. I do have his “Stocks and Commodities” article which gives the 5 rules.

Re the graphics, the site can be a bit flakey. For addingGraphics ,JPS’s etc don’t use the quick reply box. Use the “Post Reply” Boxwith the blue arrow, this will bring up the message box below. Some times thetop row of Icons are unreadable and the page has to be refreshed. For myprevious post it would not up load in Firefox so I retried in Crome and itworked, so go figure.

Cheers Jazza

Heikin - Ashi Candlesticks :

Sun, 16 Sep 2012 20:57:06 +0000

Author: jazza
Subject: 852
Posted: 16 Sep 2012 at 8:57pm

Heikin - Ashi Candlesticks : Just noticed, must be a good...

Sun, 16 Sep 2012 16:58:05 +0000

Author: cmacdon
Subject: 852
Posted: 16 Sep 2012 at 4:58pm

Just noticed, must be a good week as I joined the forum last week to discuss a few things I was interested in and I have been promoted from a newbie to a regular by the system. I need to go back into my shell.

Heikin - Ashi Candlesticks : JazzaLike most trading books...

Sun, 16 Sep 2012 16:37:52 +0000

Author: cmacdon
Subject: 852
Posted: 16 Sep 2012 at 4:37pm

Jazza

Like most trading books I have and there are many on shelves behind me, I tend to read them only once and do not reread them again unless they are really focused onto something that is fundamental to understanding a particular aspect of trading or the market process that is useful to me. In other words, the books need to be really focused and with some depth thereon to a particular issue before I would reread.

(There are numerous light weight books out there that are that are focused on reexplaining MACD, RSI and maybe stochastics? They tend to be repetitive and at the end of the day thoroughly boring.)

In my opinion, Vervoort's book tries to cover too much ground in one book. He expalins HA bars , and covers his SVAPO oscillator system and "Lockitt"which is the name of his trading methodology but this entails covering Heikin Ashi, and Candlesticks (of which there are many other books) and Elliott waves (of which there are too too many other books) and Risk Management ( of which there are many other books), Babson and Pitchforks, resistance levels and Fibbonnacci etc.

I only referred to his book in my post as I wanted to compare whether his uptrends and down trend HA bars were the same black and white direction as shown in Falcu's book cited earlier, and your suggestion that Bullcharts was back to front. Personally it does not matter to me which way the colours or B&W) go as long as they are consistenlt the same way.

I do not know if you have it but, Part One (Chapters 1-7) of Falcu's book is good as he focuses purely on explaining HA, and the table on page 22 is particularly useful as it gives you the 5 rules for translating HA bars so you can trade them. The rest of the book compares the HA approach to candlesticks, moving averages, ichimoku, market breadth , pivotts and Forex. So I might reread Section one from time to time.

Hope that helps

By the way how do you post graphics on your posst as I tried to post a graphic of a chart the other day and the forum pst reply process did not accept the graphic.

Heikin - Ashi Candlesticks : Hi Cmacdon and Maximo, Hearty...

Sun, 16 Sep 2012 14:05:08 +0000

Author: jazza
Subject: 852
Posted: 16 Sep 2012 at 2:05pm

Hi Cmacdon and Maximo,

Hearty congrats, great effort. Very happy with thesesolutions. Sorry about the late reply but immediately noticed some visual anomaliesthat I wanted to figure out first.

Noticed that some of the close priced congestion barsdiffered in trend between the different solutions as per the super imposed screenshot below.

The answer is easy once you know but it took me some time tofigure out. Zooming the page corrects the candle Up/Down anomalies. I put the formula into an excel spread sheetand it checked out. I also carefully checked the price of the HA candle withthe Crosshair under zoom and they were correct.

The HA formula alters all the OHLC prices to 3 decimal pointincrements at different times. In respect to the Origional Bullcharts HAformula, when the Candle bodies are small, unfilled candles do not visually copewith these fractions and can be filled under normal unzoomed conditions. Whenyou are looking at the “Hard Right Edge” of the chart I think this is Important.

Certainly Maximo, loveyour solid fill Up/Down color solution as it solves any ambiguity as to whetherthe HA bars have closed up or down in narrow ranges.

Cmacdon, as a Black and White candlestick traditionalist, Ialso love you’re your solution. Just gotta remember to zoom in with congestionbars if you are concerned about the correct open or close.

Thanks guys, Cheers.

PS: Cmacdon, figure from previous comments that you may havethe Sylvain Vervoort book “Capturing profit with technical analysis” Worthbuying in your opinion?

Heikin - Ashi Candlesticks : Serendipidy never ends! Maybe...

Sat, 15 Sep 2012 10:46:22 +0000

Author: cmacdon
Subject: 852
Posted: 15 Sep 2012 at 10:46am

Serendipidy never ends! Maybe a third indicator.

I just changed the above code for the congestion bars section as shown below and this produced all trend up bars in White and all down trend in black which is the way they are shown in Valcu's book mentioned earlier and also in Sylvain Vervoort "Capturing Profit with Technical analysis, Market Place Books 2009; and I think Jazza alternative to colour requirement.

[linestyle

=Candle;color=Black; ]

(Greenlight >=0.000 and Redlight <=-0.000, haClose,undefined);

(Greenlight >=0.000 and Redlight <=-0.000, haLow,undefined);

(Greenlight >=0.000 and Redlight <=-0.000, haHigh,undefined);

(Greenlight >=0.000 and Redlight <=-0.000, haOpen,undefined);

Heikin - Ashi Candlesticks : Jazza and MaximoHere they...

Sat, 15 Sep 2012 10:25:20 +0000

Author: cmacdon
Subject: 852
Posted: 15 Sep 2012 at 10:25am

Jazza and Maximo

Here they are. I went back to my original code and played around with the order of Ha definitions in the Down trend bars and after similar trial and error the solid colours worked and the proper tails are shown on both up and down Ha bars

(The order needs to be Haclose at top and Ha open at the bottom in between hahigh and ha low can be any order. I retried this ranking on partial solution code sent earlier but that did not remedy the down tail problem on earlier post).

There are two indicators below the solid colour trends (doesn't distinguish congestion bars and the second indicator showing the congestion bars in Black

( For some unknown reason in the second indicator when I distinguish the congestion bars in black the congestion bars appear as either white or black solid bodies. That does not matter if you are using the first indicator).

1 is solid colour HA trend indicator

2 is the same but with the congestion bars in black

----------------------------------------------------------------------------------------

[target

=Price;]

haClose := (

O+H+L+C)/4;

haOpen := (

prev + hist(haClose,1))/2;

haHigh :=

max(H, haOpen, haClose);

haLow :=

min(L, haOpen, haClose);

haCl:=((

O+H+L+C)/4+haOpen+Max((O+H+L+C)/4,Max(H,haOpen))+Min((O+H+L+C)/4,Min(L,haOpen)))/4;

Greenlight:=Hahigh-haopen;

Redlight:=Halow-haOpen;

{I changed this to a difference to net off the minor congestion amounts to whatever if the largest Traffic light tmeasure. this makes the trends more continuous for the coloured bars}

LightDiff:=Greenlight+Redlight;

[linestyle=Candle;color=Green; ]

(lightdiff >=0.000,haOpen,undefined);

(lightdiff >=0.000, haHigh,undefined);

(lightdiff >=0.000, haLow,undefined);

(lightdiff >=0.000, haClose,undefined);

[linestyle

=Candle;color=Red; ]

(lightdiff <=0.000, haClose,undefined);

(lightdiff <=0.000, haLow,undefined);

(lightdiff <=0.000, haHigh,undefined);

(lightdiff <=0.000,haOpen,undefined);

{end of indicator1}

[target

=Price;]

haClose := (

O+H+L+C)/4;

haOpen := (

prev + hist(haClose,1))/2;

haHigh :=

max(H, haOpen, haClose);

haLow :=

min(L, haOpen, haClose);

haCl:=((

O+H+L+C)/4+haOpen+Max((O+H+L+C)/4,Max(H,haOpen))+Min((O+H+L+C)/4,Min(L,haOpen)))/4;

Greenlight:=Hahigh-haopen;

Redlight:=Halow-haOpen;

{I changed this to a difference to net off the minor congestion amounts to whatever if the largest Traffic light tmeasure. this makes the trends more continuous for the coloured bars}

LightDiff:=Greenlight+Redlight;

[linestyle=Candle;color=Green; ]

(lightdiff >=0.000,haOpen,undefined);

(lightdiff >=0.000, haHigh,undefined);

(lightdiff >=0.000, haLow,undefined);

(lightdiff >=0.000, haClose,undefined);

[linestyle

=Candle;color=Red; ]

(lightdiff <=0.000, haClose,undefined);

(lightdiff <=0.000, haLow,undefined);

(lightdiff <=0.000, haHigh,undefined);

(lightdiff <=0.000,haOpen,undefined);

[linestyle

=Candle;color=Black; ]

(Greenlight >0.000 and Redlight <-0.000, haClose,undefined);

(Greenlight >0.000 and Redlight <-0.000, haLow,undefined);

(Greenlight >0.000 and Redlight <-0.000, haHigh,undefined);

(Greenlight >0.000 and Redlight <-0.000, haOpen,undefined);

Heikin - Ashi Candlesticks : Maximo and JazzaThe London...

Sat, 15 Sep 2012 00:59:43 +0000

Author: cmacdon
Subject: 852
Posted: 15 Sep 2012 at 12:59am

Maximo and Jazza

The London market seemed to be going crazy so I pulled out and had another look at this.

Here is another "partial solution" to Colouring up and down HA bars in solid colour. I used Maximo's original HA coloured bar coding and added a third section for solid colour blue bars explained below.

If you load up the indicator on a chart you will get the original white down bars with red outline and green as shown by Maximo originally. If you go into the indicator properties and tick Partial solution you will see that the white down bars are then coloured solid blue.

In adding the extra bit of code I had assumed rightly or wrongly that there is something in the underling Bullscript Candle linestyle attibute code that otherwise makes the down bars white. The sequence of the HA definitions is basically in the order O,H,L,C (haopen hahigh, haclose then halow). So I assumed one could "trick" the Linesttyle candlestick code to still accept the ha bars but not as the usual candlestick format.

Hence, I added the third colour blue code section where I put the ha definitions in a different order. after various trial and errors L,C,H,O worked and produced the solid blue coloured bars as you can see. The bars are exact as far as I can see for toptails and shaven head HA bars.

However, the solution is only partial as i noticed that main body of a few some bars where some ha bars had lower tails are included as an extension of the main body. This may be an issue in the case of interpreting congestion bars but as the intension is to use the solid colours as trend indications it may not be a problem. However, I could not find a differnt order for the lasst section of code that worked to resolve this issue. You may be able to fix from you knowledge. I think it is a useful trend indicator even with this issue.

[citation

="'Using The Heikin-Ashi Technique', by Dan Valcu Stocks & Commodities Feb 2004 www.traders.com"

]

[target

=Price

]

haClose := (

+H+L+C)/4;

haOpen := (

+ hist(haClose,1))/2;

haHigh :=

max

(H, haOpen, haClose);

haLow :=

min

(L, haOpen, haClose);

[linestyle

=Candle

]

[color

=lime green

]

(haOpen < haClose,haOpen,

undefined);

(haOpen < haClose,haHigh,

undefined);

(haOpen < haClose,haLow,

undefined);

(haOpen < haClose,haClose,

undefined);

[linestyle

=Candle

]

[color

=red

]

(haOpen >= haClose,haOpen,

undefined);

(haOpen >= haClose,haHigh,

undefined);

(haOpen >= haClose,haLow,

undefined);

(haOpen >= haClose,haClose,

undefined);

[name

=Partial Solution; linestyle

=Candle

; color=Blue; visible=false;]

(haOpen >= haClose,haLow,

undefined);

(haOpen >= haClose,haClose,

undefined);

(haOpen >= haClose,haHigh,

undefined);

(haOpen >= haClose,haOpen,

undefined);

Heikin - Ashi Candlesticks : I think zooming a chart is an...

Fri, 14 Sep 2012 14:34:24 +0000

Author: maximo
Subject: 852
Posted: 14 Sep 2012 at 2:34pm

I think zooming a chart is an internal function of the software and probably not detectable in scripting. Ideally the software should be scaling the width relative to zoom for filling bars.

Edited by maximo - 14 Sep 2012 at 4:08pm

Heikin - Ashi Candlesticks : Thats great MaximoIt worked...

Fri, 14 Sep 2012 07:04:48 +0000

Author: cmacdon
Subject: 852
Posted: 14 Sep 2012 at 7:04am

Thats great Maximo

It worked well on ha bars when I zoomed out on a chart but I had to change the width to 8 when I zoomed in on ha bars as it otherwise was just showing a coloured stripe on the wider down bars; and was not filling across the full width of the wider (zoomed in bar). Note sure if the width can be set up to automatically fill fully across all the time?

Heikin - Ashi Candlesticks : Attribute found! :P haClose...

Fri, 14 Sep 2012 02:27:11 +0000

Author: maximo
Subject: 852
Posted: 14 Sep 2012 at 2:27am

Attribute found! :P

[citation="'Using The Heikin-Ashi Technique', by Dan Valcu Stocks & Commodities Feb 2004 www.traders.com"]

[target=Price]

haClose := (O+H+L+C)/4;

haOpen := (prev + hist(haClose,1))/2;

haHigh := max(H, haOpen, haClose);

haLow := min(L, haOpen, haClose);

[linestyle=Candle; color=lime green]

if (haOpen < haClose,haOpen,undefined);

if (haOpen < haClose,haHigh,undefined);

if (haOpen < haClose,haLow,undefined);

if (haOpen < haClose,haClose,undefined);

[linestyle=Candle; color=indian red]

If(haOpen >= haClose,haOpen,undefined);

If(haOpen >= haClose,haHigh,undefined);

If(haOpen >= haClose,haLow,undefined);

If(haOpen >= haClose,haClose,undefined);

[linestyle=fill bars; color=indian red; width=4]

If(haOpen >= haClose,haOpen,undefined);

If(haOpen >= haClose,haClose,undefined);

Heikin - Ashi Candlesticks : Normal 0 ...

Thu, 13 Sep 2012 23:45:34 +0000

Author: jazza
Subject: 852
Posted: 13 Sep 2012 at 11:45pm

Hi Cmcdon,

I think we have a slight misunderstanding with terminology.I think the screen shot below is the final result we are talking about?

My point, is that I am trying to achieve the opposite ofthat, with the white candles for up and the black candles for down as pernormal candlestick custom.

Maybe answer is for a “Solid fill” attribute to be added toBullscript or HA to be coded and added to the linestyle dropdown menu?

Cheers for hanging in with this one, Jazza

Heikin - Ashi Candlesticks : JazzaI do not know if you...

Thu, 13 Sep 2012 15:45:02 +0000

Author: cmacdon
Subject: 852
Posted: 13 Sep 2012 at 3:45pm

Jazza

I do not know if you have tried the abovebut as well as the Ribbon backgound it shows the proper HA bars filled in solid black for up and solid white for down.

Heikin - Ashi Candlesticks : Normal 0 ...

Thu, 13 Sep 2012 12:04:48 +0000

Author: jazza
Subject: 852
Posted: 13 Sep 2012 at 12:04pm

Hi Cmacdon,

Nice bit of lateral thinking re the trend via the ribbon. Still doesn’t solve our problem of unfilled down candles. Maybe just got to getmy head around the visual flip. Hopefully a solution somewhere.

Thanks again for all your help and input so far.

Cheers Jazza

Heikin - Ashi Candlesticks : JazzaYou can get what you...

Thu, 13 Sep 2012 09:07:09 +0000

Author: cmacdon
Subject: 852
Posted: 13 Sep 2012 at 9:07am

Jazza

You can get what you want albeit with some smoke and mirrors but you also end up with Black up bars and White down HA bars that appear solid fills.

Take Maximos candlestick code and change the Lime Green colour to Black and the Red Colour to White.

That will give the perception of solid up black bars and solid down white bars.

Copy that amended code and change the Target=Price to Target=ribbon, and reverse the colour Black to White and color white to Black.

Put that new ribbon indicator on the chart and go into the advance setting on the ribbon and tick the box solid background.

That gives you the ha bars illusion you want and clearly shows the Ha up and down trend.

Heikin - Ashi Candlesticks : Normal 0 ...

Thu, 13 Sep 2012 02:13:31 +0000

Author: jazza
Subject: 852
Posted: 13 Sep 2012 at 2:13am

Hi Cmacdon, That’s great. Got it working, thanks very muchfor that.

I am still trying to replicate the true Heikin- Ashicandlestick formula with the colors filled or with white up and black downcandles.

If I use your HA formula as: [target=Price; linestyle=PriceColor] thenI will get the OHLC bars which I can override and fill in the price plot as yousay , but ends up as a standard colorized Candle price chart, albeit with thetrend change colorized ,still not with the HA averaged out bars.

If I go back to the original formula, yours, Maximo’ orBullcharts as: [linestyle=Candle], then when it is added to the chart asa Candle, it overrides the drop down menu. If you double click the candle, youwill not get the price plot.

Any other ideas on how to get those candles filled?

Cheers Jazza

Heikin - Ashi Candlesticks : JazzaIfyou apply the above...

Wed, 12 Sep 2012 09:11:43 +0000

Author: cmacdon
Subject: 852
Posted: 12 Sep 2012 at 9:11am

Jazza

Ifyou apply the above HA colour bar indicator, turn on candlestick on the top of the chart drop down menu, double click on any price bar to bring up the Price Plot Properties, click on Colour tab, and in that screen click on fill all bars - it will give you , normal candlesticks with the solid fill HA colours you want. That will probably save you having two screens one with HA and one your normal candlesticks if that is how you are set up.