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2014.03.14 12:22
Indicators

Heiken_Ashi_BARS - indicator for MetaTrader 5

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The indicator uses analysis of values of Heiken Ashi Open and Heiken Ashi Close.

Candlestick opening and closing values are calculated by Heiken Ashi algorithm, their directions are determined and only these directions of Heiken Ashi candlesticks are drawn on a price chart as colored bars.

If the direction of trend of the Heicken Ashi candlesticks and of chart candlesticks match, the color of the bar is light, if opposite, the bar is dark.

Figure 1. The Heiken_Ashi_BARS indicator

Figure 1. The Heiken_Ashi_BARS indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/2120

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The indicator uses analysis of values of Heiken Ashi Open and Heiken Ashi Close for a selected period.

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The indicator draws Heiken Ashi candlesticks of a higher timeframe as color filled rectangles using DRAW_FILLING buffers.