close position on heiken-ashi chart

kevin12345 · 2021-02-12T10:28:41+00:00

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 right now its been buying and selling on every candle. please help thank you

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

Average
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
```
right now its been buying and selling on every candle.

please help

thank you
02/12/2021 at 11:39 AM #161170 quote
robertogozzi
Moderator

Legend
That’s a regular Japanese candlestick.

Heikin-Ashi candlesticks are an indicator by themselves and need to be coded, their seup is:
```
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)
```
02/12/2021 at 11:40 AM #161171 quote

Monochrome
Participant

Senior

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

Search the forum for the hieken ashi code

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

Master
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.
Insert-PRT-Code-Button-1.png
02/12/2021 at 12:48 PM #161179 quote

GraHal
Participant

Legend

Link to Roberto Code above added as Log 272 here …

Snippet Link Library

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