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Views:: 3507
Rating:: (7)
Published:: 2018.07.09 13:29

haDiff.mq5 (9.53 KB) view

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Indicator Heikin-Ashi Difference calculates and displays as an oscillator the difference between the Open and Close prices of Heikin-Ashi candlesticks, a signal line being added. It can be used in combination with haOpen.

It has two parameters:

Signal period - signal line calculation period;
Signal Method - signal line calculation method.

Calculation:

HA Difference = (HAClose - HAOpen) / Point

Signal = MA(HA Difference, Period, Method)

where:

HAOpen = (PrevHAOpen + PrevHAClose) / 2.0
HAClose = (Open + High + Low + Close) / 4.0

HAClose - Heikin-Ashi candlestick closing price;
HAOpen - Heikin-Ashi candlestick opening price;
PrevHAClose - closing price of the previous Heikin-Ashi candlestick;
PrevHAOpen - opening price of the previous Heikin-Ashi candlestick;
MA - moving average with Signal period and Signal Method, based on the value of HA Difference.

Fig 1. Indicator Heikin-Ashi Difference

Fig. 2. Indicator Heikin-Ashi Difference in combination with Heikin-Ashi Open

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21038

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haDifference - indicator for MetaTrader 5