close position on heiken-ashi chart

• 02/12/2021 at 11:28 AM #161168
  kevin12345

  hi,

  can anybody help me with coding for a closing trade?

  if i am going long and i want to close a trade when a red/bear candle showing on the heiken-ashi chart.

  my codes right now

  bearcandle = (close <= open) if longonmarket and bearcandle then sell at market endif

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  bearcandle = (close <= open)   if longonmarket and bearcandle then sell at market endif

   

  right now its been buying and selling on every candle.

  please help

  thank you

  

  kevin12345

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  02/12/2021 at 11:39 AM #161170
  robertogozzi

  That’s a regular Japanese candlestick.

  Heikin-Ashi candlesticks are an indicator by themselves and need to be coded, their seup is:

  Heikin-Ashi candlesticks (setup)

  once xOpen = open //initial OPEN xClose = (open + close + high + low) / 4 //CLOSE if barindex > 0 then xOpen = (xOpen + xClose[1]) / 2 //OPEN after the first bar endif xLow = min(low,min(xClose,xOpen)) //LOW xHigh = max(high,max(xClose,xOpen)) //HIGH xTypic = (xHigh + xLow + xClose) / 3 //Typical HA price xMed = (xHigh + xLow) / 2 //Median HA price xRange = xHigh - xLow //HA range

  1 2 3 4 5 6 7 8 9 10

  once xOpen = open                               //initial OPEN xClose     = (open + close + high + low) / 4    //CLOSE if barindex > 0 then     xOpen  = (xOpen + xClose[1]) / 2            //OPEN after the first bar endif xLow       = min(low,min(xClose,xOpen))         //LOW xHigh      = max(high,max(xClose,xOpen))        //HIGH xTypic     = (xHigh + xLow + xClose) / 3        //Typical HA price xMed       = (xHigh + xLow) / 2                 //Median  HA price xRange     = xHigh - xLow                       //HA range

  you can comment out all definitions you don’t plan to used.

  To check if a HA candlestick is bearish then you have to use:

  bearcandle = (xClose <= xOpen)

  1	bearcandle = (xClose <= xOpen)

   

   

  

  robertogozzi

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  02/12/2021 at 11:40 AM #161171
  Monochrome

  Your code is a normal close and open, not a hieken ashi close.

  Search the forum for the hieken ashi code

  

  Monochrome

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  02/12/2021 at 11:57 AM #161172
  Vonasi

  kevin12345 – Welcome to the forums. Please read the forum rules before posting any further topics. Your post has been edited.

  • Always use the ‘Insert PRT Code’ button when putting code in your posts to make it easier for others to read.

   

  

  Vonasi

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  02/12/2021 at 12:48 PM #161179
  GraHal

  Link to Roberto Code above added as Log 272 here …

  Snippet Link Library

   

  2 users thanked author for this post.

  Midlanddave, robertogozzi

  

  GraHal

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