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Enhanced Heiken Ashi Indicator

Demo downloaded: 4

Published: 24 January 2024

Current version: 2.1

Enhanced Heiken Ashi Indicator

Indicators
David Ben Svaiter
Version: 2.1
Updated: 24 January 2024
Activations: 5

HAshi-E is an enhanced way to analyze Heiken-Ashi signals.

Briefing:

Heiken-Ashi is particularly valued for its ability to filter out short-term volatility, making it a preferred tool for identifying and following trends, helps in decision-making regarding entry and exit points, and assists in distinguishing between false signals and genuine trend reversals. Unlike traditional candlestick charts, Heiken-Ashi candles are calculated using average values of previous bars, creating a smoother, more easily interpretable visual representation.

Its main benefit is also why most people don't read it as they should. Since the Heiken-Ashi candles contain information about the averages and are usually placed in front of the asset candles, it's normal to see people confused by the colors and shapes and generally taking entries or exits at an inappropriate or late time.

Due to this, we created HAshi-E, an enhanced view for the traditional Heiken-Ashi indicator!

Features of HAshi-E (Chart version):

Different Views of the Same Data: HAshi-E can plot not only the traditional Heiken-Ashi candles, but also Lines, Histogram, and Bars.
Custom colors in a Heat Map mode: HAshi-E does not rely on only two colors but FOUR to provide a kind of heat map, making it easy for users to detect the trend's strength.
Line on the Chart with unique Width and Offset: HAshi-E stands out from the traditional Heiken Ashi chart because it doesn't overshadow the assets' original candles if you use COLORLINE mode! You can configure HAshi-E (Chart version) to display a line with a considerable width setting and shift it up or down from the candles. A new and comfortable way to get Heiken Ashi on your charts.
No more overshadowed candles: Most people claim that Heiken-Ashi candles are difficult to interpret and overshadow the original candles. With our Hashi-E (chart version), you can get the colors of the HA heat map over the original candles with user-configured width for easier viewing.

Easy Integration with Expert Advisors (EAs): HAshi-E extends into the domain of Expert Advisors, offering a distinct advantage for automated trading strategies supported by traditional Heiken-Ashi indicators, that is, the inclusion of the main Heiken fields (body and wicks), as well our color field that simplifies the implementation of the strategy that hinges on-trend color changes. This seamless and efficient integration enhances EAs' capabilities in trend analysis.

OBS: if you prefer HASHI-E in a separate window, you will find it here in the Market.

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120 USD

How many times have you looked for a PIVOT that works on a specific timeframe every day? Many traders like to estimate the direction of the day's trend based on a specific time interval every day, such as from 2 hours before the NYSE opens to 1 hour after, or from the NYSE opens to 30 minutes after. This indicator allows you to specify a certain time interval (hour and minute) and plots a pivot from that interval to the next day in the same time interval. It shows five lines based on this:

200 USD

The VIDYA-ENHANCED indicator (Variable Index Dynamic Average) is a technical analysis tool used to identify trends and sideways movements. It dynamically adjusts its sensitivity based on market volatility, using the Chande Momentum Oscillator as a volatility index. This feature allows VIDYA-ENHANCED to be more agile during periods of significant price movements, while remaining more stable during less volatile phases. Features: - Select the price from 12 options - 5 more than the Metatra

100 USD

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Version 2.1 2024.01.24

- Minor improvements.