Programming a Heiken-Ashi indicator

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  • 01/01/2017 at 10:38 AM #19536 quote
    conwol
    Participant
    New

    Hi all,

    I have been using heiken-ashi on higher time frames as a trend indicator for lower time frames with some success. I’d like to program an indicator for a higher time fram heiken-ashi (say 1 hour) that I can use for a lower time frame (say 5 mins). Does anyone have any idea of how this could be done?

    Great pipping to all in the new year.

    01/02/2017 at 11:14 AM #19619 quote
    Nicolas
    Keymaster
    Master

    >> Please update your country flag in your profile. Thank you 🙂 <<

    I think we could do something to draw candlesticks of superior timeframe with the new instruction DRAWCANDLE, but this is only compatible with version 10.3. What version of prorealtime are you using?
    01/02/2017 at 7:03 PM #19645 quote
    cfta
    Participant
    Senior
    Hi, I would love a piece of code like that too, in fact I have already been experimenting with the HA indicator which Elsborgtrading provided in my Grid orders thread. I modified the code slightly intending to run it on M1 showing the HA value of M5 but I doubt I got it right since there are a lot of blank candles but thought it might be useful 🙂 
    //Heikin-Ashi
xClose = (Open+High+Low+Close)/4
if(barindex>2) then
xOpen = (xOpen[5] + xClose[5])/2
endif
changeToGreencandle = xClose[5]>xOpen[5] AND xClose[5]<xOpen[5]
ChangeToRedcandle = xClose[5]<xOpen[5] AND xClose[5]>xOpen[5]
Greencandle=xclose>xopen
redcandle=xclose<xopen
If changeToGreencandle then
Indicator1=1
elsif greencandle then
indicator1=0.5
Else
Indicator1=0
Endif

If ChangeToRedcandle then

Indicator22=-1
elsif redcandle then
indicator22=-0.5
Else
Indicator22=0
Endif
Return indicator1 COLOURED(0,255,0) as "Buy", indicator22 COLOURED(255,0,0) as "Sell"
    Elsborgtrading thanked this post
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Programming a Heiken-Ashi indicator


ProBuilder: Indicators & Custom Tools

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conwol @conny_wollbrant Participant
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This topic contains 2 replies,
has 3 voices, and was last updated by cfta
9 years, 1 month ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 01/01/2017
Status: Active
Attachments: No files
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