Heikin-Ashi for TS - A Tiny Tweak

[zdo 20]

Here is a useful variation on Heikin-Ashi.

“Determines HA direction for two (Min/Max) number of Compare bars

and displays the Up Color if they agree in the Up direction,

displays the Down Color if they agree in the Down direction,

and displays the Warning Color if they do not agree. “ paraphrased from code comments

 

Defaults

Min to 0

Max to 1 // very granular diff btwn min max, but still 'low whip'

upColor to Green

dnColor to Red

warnColor to Yellow

 

Original idea credited to KAHUNA on TS Boards (who, btw, is also an EL code and systems developer. Disclaimer: I have no financial or personal affiliations with him. He just seemed to always post clean elegant code...)

PBMODHAKAHUNA2POST.ELD

[zdo 20]

One other possible benefit – wrote HA as a function that can be called by systems and other indicators… most TS paintbars have the HA calculations inline

[zdo 20]

Here is a screen shot of YM 60 minute chart for a week with this paint bar.

 

Thanks, all, for all the other HA indicator contributions.