Recreating heiken ashi candles with moving averages
Ok, thanks.
Is there an easy way to recreate heiken ashi candles using moving averages? The code for heiken ashi candles themselves is a bit involved. As the calculation is basicly working out a moving average cross I wonder if anyone knows the best two ma's and settings to use?
I have an alert dashboard already coded which uses moving averages so it would be very easy just to change the ma settings to get it to do what I want. Thanks.
Open Heikin Ashi in MetaEditor, and do this
1. Do these find and add
#property indicator_width3 3 //<--- find this #property indicator_width4 3 //<--- find this //---- extern int ma_period= 5; //<<-- add this extern int ma_method=MODE_SMMA; //<<-- add this extern int ma_shift=0; //<<-- add this extern color color1 = Red; //<--- find this extern color color2 = White; //<--- find this
2. Find these
haClose=(Open[pos]+High[pos]+Low[pos]+Close[pos])/4; haHigh=MathMax(High[pos], MathMax(haOpen, haClose)); haLow=MathMin(Low[pos], MathMin(haOpen, haClose));
... and replace them with these
haClose=(ma (PRICE_OPEN, pos)+ma (PRICE_HIGH, pos)+ma (PRICE_LOW, pos)+ma (PRICE_CLOSE, pos))/4; haHigh=MathMax(ma (PRICE_HIGH, pos), MathMax(haOpen, haClose)); haLow=MathMin(ma (PRICE_LOW, pos), MathMin(haOpen, haClose));
3. Do find and add again
ExtMapBuffer3[pos]=haOpen; //<--- Find this ExtMapBuffer4[pos]=haClose; //<--- Find this pos--; //<--- Find this } //<--- Find this //---- return(0); //<--- Find this } //<--- Find this //+------------------------------------------------------------------+ double ma (int price_type, int bar) //<<-- add this { //<<-- add this return (iMA (Symbol(), Period(), ma_period, ma_shift, ma_method, price_type, bar)); //<<-- add this } //<<-- add this
4. Click compile or press F7 to compile, if there are no error then you are ready to go.
Excellent, thanks. So it's a bit more complicated than just a straight ma but by using the 5 smoothed ma and calculating the haopen, close, etc from that then it achieves the same. Nice.
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Is there an easy way to recreate heiken ashi candles using moving averages? The code for heiken ashi candles themselves is a bit involved. As the calculation is basicly working out a moving average cross I wonder if anyone knows the best two ma's and settings to use?
I have an alert dashboard already coded which uses moving averages so it would be very easy just to change the ma settings to get it to do what I want. Thanks.