Here is a simple oscillator made of difference between 2 Closes of Heiken Ashi candles from a shifted period to present candle.
A moving average initiate signals when it crosses the main oscillator or the “zero” level.
I haven’t test it a lot, i think it can be used to detect when it’s time to exit trades when the shifted close is near the actual one that made lines crosses each other.
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//parameters // period = 3 // MAperiod = 3 xClose = (Open+High+Low+Close)/4 Delta = xClose[0]-xClose[0+period] aDelta = average[MAperiod](Delta) RETURN Delta as "Heiken Ashi Delta", aDelta as "MA of Heiken Ashi Delta" |
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