Hi, I’m looking for a Heiken Ashi indicator that paints candles from a higher time frame . For instance my system operates in m1 and I am looking to validate entries if the HA candles in m15 or m5 are in the same direction than the m1 order (green HA in m5/m15 for m1 buy or red HA in m5/m15 for sell order). I found a nice indicator by Nicolas Heikin Ashi of higher timeframes (hourly TF) but the minimum TF there is H1. Is there anything similar for lower TF ?
Thanks
I finally tweaked Nicolas indicator code Heikin Ashi of higher timeframes (hourly TF) to allow for 5 & 15 min TF:
defparam calculateonlastbars=10000 //increase this number to get more history
TimeframeHAminutes = 15 //higher TF for HA in minutes
Myminutes = openhour*60 + openminute
if (Myminutes MOD TimeframeHAminutes = 0) then
opentf = open
hightf = 0
lowtf = close * 100
haopen =( haopen[1]+haclose[1])/2
drawvline(barindex)coloured(100,100,100)
endif
hightf = max(hightf,high)
lowtf= min(lowtf,low)
haclose=(opentf+close+lowtf+hightf)/4
r=0
g=200
if haclose<haopen then
r=200
g=0
endif
if haclose>haopen and haclose[1]<haopen[1] then
signal=0.1
elsif haclose<haopen and haclose[1]>haopen[1] then
signal=-0.1
else
signal=0
endif
return 1 coloured (r,g,0) style(histogram) as "HeikinAshi higherTF color", signal style(histogram) as "HeikinAshi higherTF change"
Regards
Hi Pableitor, I thank you so much for sharing this.
I would like to ask you for your help and maybe the help of Nicolas. I am desperate to display a Heiken Ashi indicator in m1. My system operates in s1. I try in TimeframeHAminutes in your indicator but it does not work. Can you help me please ?
Thanks for your help.
Hi martinr, what do you want to do exactly? Display M1 Heikin Ashi candlesticks on a M1 timeframe?
Hi Nicolas, I would like to display Display M1 Heikin Ashi candlesticks on a S1 (1 second) timeframe. I think it’s possible. Thank you for your help.
I take this opportunity to saluate the extraordinary work you have done in creating this forum and all the indicators that you share. Bravo!
oh sorry, S1 means 1 second TF .. of course 🙂
Yes, I think that it would be possible to adapt the code that @pableitor has shared with us.
Did you try to modify the setting just with:
[scode] TimeframeHAminutes = 1 [/scode]
Because it returns some red/green values in the 1 sec TF (see example attached).
Thank you very much. I’m testing
I had already tried. The histogram shows 1 second instead 1 minute! I tried to convert but there is no opensecond.
Even when I try :
TimeframeHAminutes = 2
It does not show 2 minutes.
I need your help.
Thanks
Hi martinr,
Pls check below code.
defparam calculateonlastbars=3000 //increase this number to get more history
TimeframeHAseconds = 60 //higher TF seconds
Myseconds = openhour*3600 + 60*openminute + opentime MOD 60
if (Myseconds MOD TimeframeHAseconds = 0) then
opentf = open
hightf = 0
lowtf = close * 100
haopen =( haopen[1]+haclose[1])/2
drawvline(barindex)coloured(100,100,100)
endif
hightf = max(hightf,high)
lowtf= min(lowtf,low)
haclose=(opentf+close+lowtf+hightf)/4
r=0
g=200
if haclose<haopen then
r=200
g=0
endif
if haclose>haopen and haclose[1]<haopen[1] then
signal=0.1
elsif haclose<haopen and haclose[1]>haopen[1] then
signal=-0.1
endif
return 1 coloured (r,g,0) style(histogram) as "HeikinAshi higherTF color", signal style(histogram) as "HeikinAshi higherTF change"
I tweaked Nicolas indicator further so you can configure the higher TF in seconds (for m1 TimeframeHAseconds = 60) and display the m1 HA candle in a s1 chart. I found sometimes the 1sec candle is missing in the streaming data which may lead to small inaccuracies when the missing s1 candle is the first one of each minute. Beside this it seems to work fine, pls check it and advise if you need any info.
Thank you pableitor for your time. It works a lot better but there are still significant gaps between the “real” Heikin-Ashi “1 min and the one displayed on a graph of 1 sec.I also find that nothing is displayed after 3000 units which is logical since there is 3000 bar (calculateonlastbars) but even with 1000 bar, the signal is never at 0. This causes white margins.
Yes, I know what you mean. The program takes the open at the very first second of each minute to calculate open for the next m1 HA candle , but I found at 1 sec level sometimes theres a data gap at the very first second of the minute so it loses accuracy. At higher TF it works pretty good but I dont know how to tweak it to replace that missing 1sec data , sorry!
I think I have found the problem:
defparam calculateonlastbars=3000
When you change the number of units on the graph, the indicator changes completely.
Look at the screenshots. It’s very weird.
calculateonlastbars=3000 should load like 50 min of 1 sec data. The bigger the better precision but takes longer to load. Anyway I think the problem is also the s1 missing data. Maybe somebody from PRT could tell us how to calculate m1 HA candles when the open 1sec data is missing !
You should use tick charts instead (tick by tick), no missing data because of clockwork in this case. Just like the way I did in this indicator: Cumulative Volume Delta with periods
I will follow your advice and do some testing.
Thank you very much.
