HPT Heikin Ashi Smoothed
This trend following indicator is another attempt to filter the noise of the price by using Heikin Ashi candlesticks construction. This one double smoothed the price information by using 2 set of moving average. Of course, it is lagging but it has the capabilities to reduce considerably the market noises. It can also be used to find turning point of the market or a good way to jump into a trend. Someone ask me recently to convert it to prorealtime, so here it is.
The indicator embed 2 external variables (“long” and “short”) that can be used to be imported into trading strategies to launch BUY or SELL orders on market.
//PRC_HPT Heikin Ashi Smoothed | indicator
//25.04.2017
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
//translated from MT4 indicator code
//---settings
//MaPeriod=6
//MaPeriod2=2
//---end of settings
once maOpen=Open
once maClose=Close
once maLow=Low
once maHigh=High
if barindex>0 then
maOpen=(maOpen[1]*(MAperiod-1)+Open)/MAPeriod
maClose=(maClose[1]*(MAperiod-1)+Close)/MAPeriod
maLow=(maLow[1]*(MAperiod-1)+Low)/MAPeriod
maHigh=(maHigh[1]*(MAperiod-1)+High)/MAPeriod
haOpen=(ExtMapBuffer5[1]+ExtMapBuffer6[1])/2
haClose=(maOpen+maHigh+maLow+maClose)/4
haHigh=Max(maHigh, Max(haOpen, haClose))
haLow=Min(maLow, Min(haOpen, haClose))
if (haOpen<haClose) then
r=0
g=191
b=255
ExtMapBuffer7=haLow
ExtMapBuffer8=haHigh
else
r=255
g=10
b=0
ExtMapBuffer7=haHigh
ExtMapBuffer8=haLow
endif
ExtMapBuffer5=haOpen
ExtMapBuffer6=haClose
ExtMapBuffer1=weightedaverage[MAperiod2](ExtMapBuffer7)
ExtMapBuffer2=weightedaverage[MAperiod2](ExtMapBuffer8)
ExtMapBuffer3=weightedaverage[MAperiod2](ExtMapBuffer5)
ExtMapBuffer4=weightedaverage[MAperiod2](ExtMapBuffer6)
endif
DRAWCANDLE(ExtMapBuffer3,ExtMapBuffer2,ExtMapBuffer1,ExtMapBuffer4) coloured(r,g,b)
short = ExtMapBuffer7[1]>ExtMapBuffer8[1] and ExtMapBuffer7[2]<ExtMapBuffer8[2] and ExtMapBuffer7[0]>ExtMapBuffer8[0]
long = ExtMapBuffer7[1]<ExtMapBuffer8[1] and ExtMapBuffer7[2]>ExtMapBuffer8[2] and ExtMapBuffer7[0]<ExtMapBuffer8[0]
RETURN long as "long signal", short as "short signal"
Comments
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Hi Nicolas, do you know if I Can backtest this indicator. For example. When it turns blue, enter long. And for red enter short?
Pardon... "contrairement aux bougies bleues"
Bonjour, Je ne comprends pas pourquoi les bougies rouges n'ont jamais de mèche basse, contrairement aux mèches bleues qui elles disposent de mèches hautes et basses. Est-ce normal ? D'avance merci pour tes éclairages ! Et merci pour ce superbe indicateur Alexandre
//PRC_HPT Heikin Ashi Smoothed | indicator //25.04.2017 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //translated from MT4 indicator code //---settings //MaPeriod=6 //MaPeriod2=2 //---end of settings once maOpen=Open once maClose=Close once maLow=Low once maHigh=High if barindex>0 then maOpen=(maOpen[1]*(MAperiod-1)+Open)/MAPeriod maClose=(maClose[1]*(MAperiod-1)+Close)/MAPeriod maLow=(maLow[1]*(MAperiod-1)+Low)/MAPeriod maHigh=(maHigh[1]*(MAperiod-1)+High)/MAPeriod haOpen=(ExtMapBuffer5[1]+ExtMapBuffer6[1])/2 haClose=(maOpen+maHigh+maLow+maClose)/4 haHigh=Max(maHigh, Max(haOpen, haClose)) haLow=Min(maLow, Min(haOpen, haClose)) if (haOpenExtMapBuffer8[1] and ExtMapBuffer7[2]ExtMapBuffer8[0] then indicator1=-1 endif if ExtMapBuffer7[1]ExtMapBuffer8[2] and ExtMapBuffer7[0]<ExtMapBuffer8[0] then indicator1=1 endif RETURN indicator1
Nicolas, what adaptions do we need to make to use this indicator in a strategy code, how do we set the contiditions? I have tried a few variants using "long signal" and "short signal" and also tried to change the code to return indicator with a 1 or -1 value but don't manage to make it work. In addition if using the code for a strategy we can delete all the lines relating to drawing candles instructions to speed up calculations but which ones should we remove?
Thanks Nicolas :) It turned out I needed to remove line 48 but also a few more, earlier I removed either too many or too few but now I got it right and adapted it to a histogram version returning either 1 or -1 (I didn't figure out how to use "long signal" and "short signal" most likely due to my lack of knowledge). Anyway here is the adapted code in case anyone finds it useful;
Here is my code: RETURN long as "long signal", short as "short signal", weightedaverage[MAperiod2](ExtMapBuffer7) as "ExtMapBuffer1", weightedaverage[MAperiod2](ExtMapBuffer8) as "ExtMapBuffer2", weightedaverage[MAperiod2](ExtMapBuffer5) as "ExtMapBuffer3", weightedaverage[MAperiod2](ExtMapBuffer6) as "ExtMapBuffer4"
Thank you, very much, Nicolas, for this wonderfull Indicator! I have a question. I have added colored lines to see "ExtMapBuffer1" and others. And i saw, that the short-candle doesn't have "low", that should be becouse of "ExtMapBuffer1"-Line. Shold something be added to the code?
Salut Nicolas, j'ai un petit soucis d'affichage : quand je lance PRT tout le graph est condensé et je suis obligé à chaque fois de jouer avec les bords du graph pour le remettre correctement.
C'est du au long/short signal de ton indicateur représenté par un trait (trait blanc sur le screenshot) : du coup l'ecran de PRT prend en compte le graph + ce trait qui est tres tres tres bas par rapport au prix et donc on a ce condensé au lancement ou au changement d'unité de temps.
Possible de corriger ça ?
Lien image : http://hpics.li/df46769
Merci beaucoup :)
Bonsoir. Merci pour code très intéressant. Juste une petite chose : j'utilise également l'indicateur trouvé sur ce site "better bollinger bands". or, il se trouve qu'avec le heikin ashi smoothed, en phase de hausse, les cours se retrouvent sous la courbe centrale et en phase de baisse, les cours se retrouvent sur la courbe centrale. Serait il possible alors d'essayer d'aménager en conséquence l'indicateur "better bollinger bands" afin de trouver une certaine cohérence avec le heikin ashi smoothed? Merci d'avance.
Bonjour Nicolas, lorsque je lance l'indicateur, il m'est indiqué que je dois définir les variables MAPERIOD et MAPERIOD2....pourrais-tu m'aider à ce ce sujet? Merci beaucoup.