Heikin Ashi is Japanese for "average bar", and may make it easier for you to identify trends.
Our version of this popular indicator adjusts the size of the candles based on the zoom level of your chart, making it appear more naturally just like the traditional candlesticks.
The colors are selected based on the color scheme you use on your charts, but can be customized anyway you would like.
You may also choose whether to display only the Heikin Ashi candles, or show the other selected chart as well.
PARAMETERS
- ShowOnlyHeikinAshi: Set to true by default so only the Heikin Ashi candles are shown, set it to false to display other chart in background.
- LongCandleClr: Leave set to "None" to match your "Bull Candle" chart color, or set it to whatever color you would like.
- ShortCandleClr: Leave set to "None" to match your "Bear Candle" chart color, or set it to whatever color you would like.
- LongBarClr: Leave set to "None" to match your "Bar Up" chart color, or set it to whatever color you would like.
- ShortBarClr: Leave set to "None" to match your "Bar Down" chart color, or set it to whatever color you would like.
- ShowOnM1: Set to true to see Heikin Ashi candles on M1, set to false to see the normal chart.
- ShowOnM5: Set to true to see Heikin Ashi candles on M5, set to false to see the normal chart.
- ShowOnM15: Set to true to see Heikin Ashi candles on M15, set to false to see the normal chart.
- ShowOnM30: Set to true to see Heikin Ashi candles on M30, set to false to see the normal chart.
- ShowOnH1: Set to true to see Heikin Ashi candles on H1, set to false to see the normal chart.
- ShowOnH4: Set to true to see Heikin Ashi candles on H4, set to false to see the normal chart.
- ShowOnD1: Set to true to see Heikin Ashi candles on D1, set to false to see the normal chart.
- ShowOnW1: Set to true to see Heikin Ashi candles on W1, set to false to see the normal chart.
- ShowOnMN1: Set to true to see Heikin Ashi candles on MN1, set to false to see the normal chart.
Happy trading!
iCustom Snippets
double heikinOpen = iCustom(Symbol(), Period(), "\\Market\\Heikin Ashi Premium", false, 4, 0); double heikinHigh = iCustom(Symbol(), Period(), "\\Market\\Heikin Ashi Premium", false, 5, 0); double heikinLow = iCustom(Symbol(), Period(), "\\Market\\Heikin Ashi Premium", false, 6, 0); double heikinClose = iCustom(Symbol(), Period(), "\\Market\\Heikin Ashi Premium", false, 7, 0);
