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Soultrader

Heikin Ashi Trend Indicator

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Here's an interesting indicator I picked off at the TS forum. It's a slightly modifed version of the heikin ashii indicator.

 

So What Does It Do?

 

If the 5th bar of the last 5 bars closes above the 50% line of the previous 5 bar average, it stays the same color. If the 5th bar closes below the the 50% average it changes color.

 

50% range = Average True Range

 

It really depends on how you want to use it. This can be applied on multiple timeframes. Its a great way to visually see the trend of the market.

 

Screenshot is attached.

trendindicator.gif.4f3697110e1a0911d2f960df033e9c4e.gif

20050523033558TTMTREND.ELD

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Cool - I like the Heikin Ashii trend too since I am a fan of Hubert.

I watch his free videos almost every day.

 

I created his workspace by watching his videos and by getting the indicators from the TS forums.

 

I have attached both, in case someone is interested. Import the ELD first and then the workspace.

 

thum_10584592c267631b3.jpg

HUBERTS-WS-INDICATORS.ELD

ER2-Hubert-workspace.zip

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thanks nick,

 

the brick indictaor looked a bit too much for me, but the squeeze and ttm trend look pretty cool. I never really thought about looking at the tradestation forums, so thanks for the tip :p

 

Do people make money with these indicators? I've always thought indicators were a waste of time but these look ok!

 

ah! that workspace looked interesting although i dont really know what the WPCVA or ESINK is :confused: Although, I trade the YM myself.

 

cheers, jay.

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thanks for those videos nick - are they from the live trading room from trade the markets.com. - i always wanted to know what it looked like in there :p

 

are you a member at tradethemarkets.com. I always fancied joining up, but its a bit expensive without really knowing if its any good!

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Here it is in C++

 

BaseDataIn 0 is open, 1 is high, 2 is low and 3 is close:

 

int pos, updn=0;

float jO=0, jH, jL, jC=0, jHm1, jLm1;

sg.DataStartIndex=15;

 

jL=sg.BaseDataIn[4][0]; jO=jL; jC=jL; jH=jL;

for (pos=5; pos < sg.ArraySize; pos++)

{

jHm1=jH;

jLm1=jL;

jO=(jO+jC)/2;

jC=(sg.BaseDataIn[0][pos]+sg.BaseDataIn[1][pos]+sg.BaseDataIn[2][pos]+sg.BaseDataIn[3][pos])/4;

 

if(jO>sg.BaseDataIn[1][pos] && jO>jC) jH=jO; else if(jC>sg.BaseDataIn[1][pos]) jH=jC; else jH=sg.BaseDataIn[1][pos];

if(jO<sg.BaseDataIn[2][pos] && jO<jC) jL=jO; else if(jC<sg.BaseDataIn[2][pos]) jL=jC; else jL=sg.BaseDataIn[2][pos];

 

if(jH>jHm1 && jL>=jLm1) {updn=1;} else

if(jL<jLm1 && jH<=jHm1) {updn=-1;};

 

if((sg.Input[2].FloatValue!=1 && sg.Input[2].FloatValue!=-1) || (sg.Input[2].FloatValue==1 && updn==1) || (sg.Input[2].FloatValue==-1 && updn==-1))

{

sg.Subgraph[0].Data[pos]=jO;

sg.Subgraph[1].Data[pos]=jH;

sg.Subgraph[2].Data[pos]=jL;

sg.Subgraph[3].Data[pos]=jC;

};

}

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This is the code for the TTM Trend:

 

{ ModHA PaintBarStudy  1/20/04

modified Heikin-Ashi technique

compares current bar open to close range
with prior bars...if current is within
prior then color remains the same

Taken from
https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=22399

Modified by mm to make it more like TTM Trend - appears to match
www.tradethemarkets.com

}
inputs:	CompBars(6), UpColor(Blue), DnColor(Red), BarWidth(1);

vars:	haClose(0), haOpen(0), color(0);

if BarNumber = 1 then
begin
haOpen = open;
haClose = (O+H+L+C)/4;
end;

if BarNumber > 1 then
begin
haClose = (O+H+L+C)/4; 
haOpen = (haOpen [1] + haClose [1])/2 ;

{ ................................................................................ }

if haClose > haOpen then color = UpColor
else color = DnColor;

for value1 = 1 to CompBars
begin
	if haOpen <= MaxList(haOpen[value1],haClose[value1]) and
 		haOpen >= MinList(haOpen[value1],haClose[value1]) and
		haClose <= MaxList(haOpen[value1],haClose[value1]) and
		haClose >= MinList(haOpen[value1],haClose[value1]) then
			color = color[value1];		
end;

{ ................................................................................ }


//	plotPB(haOpen,haClose,"heikin-ashi",color);
plotPB(High,Low,"heikin-ashi",color);
SetPlotWidth(1,BarWidth);
SetPlotColor(1,color);

end;
{ ................................................................................ }

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This is the code for the Squeeze aka BB Squeeze:

 

[LegacyColorValue = true]; 

{@@14439@@}
{04/05/2006}
//Updated by TradingDude, fixed "division by zero error"

{02/16/2005}
{Updated by Redlock}
{		
Well, I have been working in this indicator. I have made a couple of changes: 
(1) that if the momentum changes direction, it changes color. 
(2) I have taken out the plotting of the alertline 
(3) have the dots plotted along the axis 
(4) Have changed the name of the indicator to BBSqueeze (cuts down on confusion).

I think that you will find that it resembles what is on the TTM indicator.}

{------------------------------------------------------------------}
{mmillar, 05/12/2005
For anyone interested I made a small change to the indicator(s) above.
I found that the indicator displayed fine for ES, YM etc but screwed up for FX - 
this is due to the number of decimal places used by the symbol. 
I just added a multiplier so the indicator is normalised across all symbols.

Add the following lines...
Vars: LHMult(0);
if ( barnumber=1 ) then Begin
LHMult=pricescale/minmove;
end;

And modify the following line so that it includes the LHMult variable...

Plot3(value2*LHMult, "NickmNxtMove", color);

}

{ Bolinger Band Squeeze (BBS) Indicator }

{ A variation of an idea by nickm001 (Originally coded by eKam) that when Bollinger Bands (BB) fit inside
the Keltner Channel (KC), a breakout is about to occur. It works on longer term charts, such as
15 minute to daily charts.

This code creates an indicator that plots the ratio of BB width to KC width. When BB and KC widths are
the same, the ratio (BBS_Ind)is equal to one (1). When the BB width is less than the KC Width (i.e. BB
fit inside KC), the BBS_Ind is less than one and a breakout is indicated.

An Alert Line is provided to indicate the level at which the trader considers that the "sqeeze is on" and 
a breakout is eminant.

Coded by Kahuna 9/10/2003

Added by eKam: 9/10/2003
The average of where price has been relative to the Donchian mid line and Exponential average of the
same length is also plotted as an attempt to predict the direction of the breakout.

Added 2/1/2005 For decreasing Delta bar....darker colors to highlight the change.}

Inputs: {------------------------------------------------}
Price(Close),
Length(20), { Length for Average True Range (ATR) & Std. Deviation (SD) Calcs }
nK(1.5), { Keltner Channel ATRs from Average }
nBB(2), { Bollinger Band Std. Devs. from Average }
AlertLine( 1 ), { BBS_Index level at which to issue alerts }
NormalColor( Red ), { Normal color for BBS_Ind }
AlertlColor( Blue ); { Color for BBS_Ind below alert line }


Variables: {---------------------------------------------}
ATR(0), { Average True Range }
SDev(0), { Standard Deviation }
BBS_Ind(0), { Bollinger Band Squeeze Indicator }
alertTextID(-1),
Denom(0),
LHMult(0);



if ( barnumber=1 ) then 
Begin
If minmove <> 0 then
	LHMult = pricescale/minmove;
end;

if barnumber = 1 and alertTextID = -1 then
alertTextID = Text_New(date,time,0,"dummy");

{-- Calculate BB Squeeze Indicator ----------------------}
ATR = AvgTrueRange(Length);
SDev = StandardDev(Price, Length, 1);

Denom = (nK*ATR);
If Denom <> 0 then
BBS_Ind = (nBB * SDev) /Denom; 

If BBS_Ind < Alertline then
SetPlotColor(1, NormalColor)
else
SetPlotColor(1, AlertlColor);

{-- Plot the Index & Alert Line -------------------------}
Plot1(0, "BBS_Ind");

{-- Plot delta of price from Donchian mid line ----------}
value2 = LinearRegValue(price-((Highest(H, Length)+Lowest(L, Length))/2
		+ xAverage(c,Length))/2,Length,0);

var:color(0); color = yellow;

if value2 > 0 then 
if value2 > value2[1] then 
color = green
else
color = darkgreen;

if value2 < 0 then 
if value2 < value2[1] then color = red
else
color = darkred;

Plot3(value2*LHMult, "NickmNxtMove", color);
{plot3(value2,"BB Squeeze",color);}

{-- Issue Alert when the Squeeze is On ------------------}
if BBS_Ind crosses below AlertLine
 and Text_GetTime(alertTextID) <> time then 
 begin
text_setLocation(alertTextID, date, time, 0);
Alert("Check for Squeeze Setups on " + SymbolName);
 end;

{-- Issue Alert when the Squeeze Releases ---------------}
if BBS_Ind crosses above AlertLine
 and Text_GetTime(alertTextID) <> time then 
 begin
text_setLocation(alertTextID, date, time, 0);
Alert("Squeeze is Over on " + SymbolName);
 end;

if BBS_Ind crosses below AlertLine then
SetPlotColor(1, Green);

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This is the code for the 3 Bricks Reversal:

 

[LegacyColorValue = true]; 

{*********************************************************  
3_LineBrk_V4  Modified 2/12/04 WAV

added input to show/hide paintbars (true/false)
added input to show/hide brk line (true/false)
added input for BrkLine length
alert once per bar only

 use: how to hide regular price bars
  ( format symbol, style, BarType to Line on Close or dot,
   color to chart background or similar )
**********************************************************

"3 Brick Reversal" Modified and Renamed 06/21/06 PatientTrader
(Lonnie VanZandt)

added TrendLine drawing to draw the tops and bottoms of
the "bricks"

cleaned up the Alert reporting

added a vertical Trendline as the last PaintBar of a box
prior to a new box, to close the box cleanly.

The end result is visually identical to John Carter and
Hubert's "TTM Bricks" indicator. I compared the transitions
to those in "Mastering the Trade" and they appear to match.
(Note that Figure 11.8 (@YM Daily) in that book does not
match the 2006 data for @YM for Fourth Quarter 2006. Odd...
}

inputs:
TrendWeight(2),
ShowPB(True),
UpColor(Cyan),
DnColor(Red);

vars:
TrendLeading(-1), TrendTrailing(-1), LastPb(-1),
LastHigh (0),LastLow(0),DrawColor(0),
AlertTime(0);

arrays:
LineH[2](0),
LineL[2](0),
color[2](0);

if BarNumber = 1 then
begin
 LastHigh = h;
 LastLow  = l;
end;
{--------------------------------------
handle first 3 lines separately
---------------------------------------}

If BarNumber = 4 then
begin
for value1 = 0 to 2
begin
  if c[value1+1]  > LastHigh then
  begin
    LineH[0] = c[value1+1];
    LineL[0] = LastHigh;
    color[0] = UpColor;
       LastLow  = LastHigh;
    LastHigh = c[value1+1];	 
  end else
  if c[value1+1] < LastLow then
  begin
    LineL[0] = l[value1+1];
    LineH[0] = LastLow;
    color[0] = DnColor;
    LastHigh = LastLow;
    LastLow  = c[value1+1];
  end;
   end;
end
else

{--------------------------------------
long side
---------------------------------------}

begin
{ see if close > high of last 3 lines }
if c > MaxList(LineH[0],LineH[1],LineH[2]) then
begin

 { see if last line was down color...if so then break }
  	if color[2] = DnColor then
	begin

	  	if TL_Exist( TrendLeading ) then TL_SetEnd( TrendLeading, Date, Time, LineL[2] );
		TrendLeading = TL_New( Date, Time, Close, Date, Time, Close );
		TL_SetSize( TrendLeading, TrendWeight );
		TL_SetColor( TrendLeading, UpColor );

		if TL_Exist( TrendTrailing ) then TL_SetEnd( TrendTrailing, Date, Time, LineH[2] );
		TrendTrailing = TL_New( Date, Time, LineH[2], Date, Time, LineH[2] );
		TL_SetSize( TrendTrailing, TrendWeight );
		TL_SetColor( TrendTrailing, UpColor );

		if AlertTime <> time then
		begin
			AlertTime = time;
  	  		alert("Brick Reversal Long Setup on " + GetSymbolName + ".");
		end;		
	end
	else
	begin

  		if TL_Exist( TrendLeading ) then TL_SetEnd( TrendLeading, Date, Time, LineH[2] );
		TrendLeading = TL_New( Date, Time, Close, Date, Time, Close );
		TL_SetSize( TrendLeading, TrendWeight );
		TL_SetColor( TrendLeading, UpColor );

		if TL_Exist( TrendTrailing ) then TL_SetEnd( TrendTrailing, Date, Time, LineL[2] );
		TrendTrailing = TL_New( Date, Time, LineH[2], Date, Time, LineH[2] );
		TL_SetSize( TrendTrailing, TrendWeight );
		TL_SetColor( TrendTrailing, UpColor );
	end;

    for value1 = 0 to 1
	begin
	  LineH[value1] = LineH[value1+1];
	  LineL[value1] = LineL[value1+1];
	  color[value1] = color[value1+1];
	end;{for value1}

	LineH[2]  = c;
	LineL[2]  = LastHigh;
	LastLow   = LastHigh;
	LastHigh  = c;
	color[2]  = UpColor;
	DrawColor = UpColor;

	LastPb = TL_New( Date, Time, LineH[1], Date, Time, LineL[1] );
	TL_SetSize( LastPb, 1 );
	TL_SetColor( LastPb, color[1] );

end
else
begin

{--------------------------------------
short side
---------------------------------------}

{ see if close < low of last 3 lines }
	if c < MinList(LineL[0],LineL[1],LineL[2]) then
	begin

  	  { see if last line was up color...if so then break }
	  	if color[2] = UpColor then
		begin

		  	if TL_Exist( TrendLeading ) then TL_SetEnd( TrendLeading, Date, Time, LineH[2] );
			TrendLeading = TL_New( Date, Time, Close, Date, Time, Close );
			TL_SetSize( TrendLeading, TrendWeight );
			TL_SetColor( TrendLeading, DnColor );

		  	if TL_Exist( TrendTrailing ) then TL_SetEnd( TrendTrailing, Date, Time, LineL[2] );
			TrendTrailing = TL_New( Date, Time, LineL[2], Date, Time, LineL[2] );
			TL_SetSize( TrendTrailing, TrendWeight );
			TL_SetColor( TrendTrailing, DnColor );

		 	if AlertTime <> time then
			begin
				AlertTime = time;
	  	  		alert( "Brick Reversal Short Setup on " + GetSymbolName + ".");
			end;				
		end
		else
		begin
	  		if TL_Exist( TrendLeading ) then TL_SetEnd( TrendLeading, Date, Time, LineL[2] );
			TrendLeading = TL_New( Date, Time, Close, Date, Time, Close );
			TL_SetSize( TrendLeading, TrendWeight );
			TL_SetColor( TrendLeading, DnColor );

		  	if TL_Exist( TrendTrailing ) then TL_SetEnd( TrendTrailing, Date, Time, LineH[2] );
			TrendTrailing = TL_New( Date, Time, LineL[2], Date, Time, LineL[2] );
			TL_SetSize( TrendTrailing, TrendWeight );
			TL_SetColor( TrendTrailing, DnColor );
		end;


	    for value1 = 0 to 1
	    begin
		  LineH[value1] = LineH[value1+1];
		  LineL[value1] = LineL[value1+1];
		  color[value1] = color[value1+1];
	    end;{for value1}

	    LineL[2]  = c;
	    LineH[2]  = LastLow;
	    LastHigh  = LastLow;
	    LastLow   = c;
	    color[2]  = DnColor;
	    DrawColor = DnColor;

		LastPb = TL_New( Date, Time, LineH[1], Date, Time, LineL[1] );
		TL_SetSize( LastPb, 1 );
		TL_SetColor( LastPb, color[1] );

	end
	else
	begin

		if ( DrawColor = UpColor )
		then
			begin
				if TL_Exist( TrendLeading ) then TL_SetEnd( TrendLeading, Date, Time, LineH[2] );
			  	if TL_Exist( TrendTrailing ) then TL_SetEnd( TrendTrailing, Date, Time, LineL[2] );
			end
		else
			begin
				if TL_Exist( TrendLeading ) then TL_SetEnd( TrendLeading, Date, Time, LineL[2] );
			  	if TL_Exist( TrendTrailing ) then TL_SetEnd( TrendTrailing, Date, Time, LineH[2] );
			end;

	end;
end;
end;

if ShowPB then
begin
Plot1(LineH[2], "LineHigh",DrawColor);
Plot2(LineL[2], "LineLow" ,DrawColor);
end;

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Hi traders !

 

I have a question about this indikator. i want to build it (let it build) in my chartsoftware.

I have to explain it to someone who should create this for me - thats the reason why i have to understand totaly.

 

What soultrader says at the beginning is :

 

It's a slightly modifed version of the heikin ashii indicator.

 

If the 5th bar of the last 5 bars closes above the 50% line of the previous 5 bar average, it stays the same color. If the 5th bar closes below the the 50% average it changes color.

 

 

Now my understanding of this :

 

At first the only thing the indikator is interessted in is the 50 %-average of the last 5 (or (n)) Bars

- that means you need only the highs + the lows of these (n) bars to calculate this 50%-average of the previous 5 bars.

 

without any Heikin Ashi-formular-stuff - is this right so far ?

 

Then you need the close of the "now"-bar

(to compare it at least with the 50%-average from above)

And this importend close is calculated with the heikin ashi-formular.

Is this right ?

 

And then you must compare it :

if this close is above the 50%-Average - the bar is blue

if this close is below the 50%-Average - the bar is red

 

 

Thank you for a short comment !

 

max-td

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Here's a copy of the code for you:

 

inputs:	CompBars(6), UpColor(Blue), DnColor(Red), BarWidth(1);

vars:	haClose(0), haOpen(0), color(0);

if BarNumber = 1 then
begin
haOpen = open;
haClose = (O+H+L+C)/4;
end;

if BarNumber > 1 then
begin
haClose = (O+H+L+C)/4; 
haOpen = (haOpen [1] + haClose [1])/2 ;

{ ................................................................................ }

if haClose > haOpen then color = UpColor
else color = DnColor;

for value1 = 1 to CompBars
begin
	if haOpen <= MaxList(haOpen[value1],haClose[value1]) and
 		haOpen >= MinList(haOpen[value1],haClose[value1]) and
		haClose <= MaxList(haOpen[value1],haClose[value1]) and
		haClose >= MinList(haOpen[value1],haClose[value1]) then
			color = color[value1];		
end;


{ ................................................................................ }


//	plotPB(haOpen,haClose,"heikin-ashi",color);
plotPB(High,Low,"heikin-ashi",color);
SetPlotWidth(1,BarWidth);
SetPlotColor(1,color);

end;
{ ................................................................................ }

 

Hope this helps

 

Blu-Ray

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ThanX Blu-Ray,

i saw that code yet but i am not able to read or code anything at all.

i am just trader ;-)

I must understand the indicator / his function.

Thats why i tried do this "in words" !

And i need a correction or confirmation for this - in words ;)

 

Greets max-td

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I downloaded the indicators (ttm trend, haiken asihi, scalper buy and sells) but seem to get a formula error message every time I try to load it onto my e-signal chart. Does any one know how I can get it to load correctly?

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Speaking at a press conference, he rejected the European Union’s offer to eliminate tariffs on cars and industrial goods, accusing the bloc of ‘being very bad to us.’ He insisted that Europe would need to source its energy from the US, claiming the US could ‘knock off $350 billion in one week.’   The EU, meanwhile, backed away from a proposed 50% retaliatory tariff on American whiskey, opting instead for 25% duties on selected US goods in response to Trump’s steel and aluminium tariffs.     Volatile Wall Street Adds to the Drama   Wall Street experienced wild swings on Monday as investors processed the rapidly evolving trade conflict. The S&P 500 briefly fell 4.7% before rebounding 3.4%, nearly erasing its losses in what could have been its biggest one-day jump in years—if it had held. The Dow Jones Industrial Average sank by as much as 1,700 points early in the day but later climbed nearly 900 points before closing 349 points lower, down 0.9%. The Nasdaq ended up 0.1%.   The brief rally was fueled by a false rumour that Trump was considering a 90-day pause on tariffs—rumours that the White House quickly labelled ‘fake news.’ The market's sharp reaction underscored how desperate investors are for any sign that tensions might ease.   Oil Markets in Focus: Goldman Sachs Revises Forecasts   Crude prices also reflected the uncertainty, with US crude briefly dipping below $60 per barrel for the first time since 2021. As of early Tuesday, Brent crude was trading at $64.72, while WTI hovered around $61.26.   Goldman Sachs, in a note dated April 7, lowered its average price forecasts for Brent and WTI through 2025 and 2026, citing mounting recession risks and the potential for higher-than-expected supply from OPEC+.       Under a base-case scenario where the US avoids a recession and tariffs are reduced significantly before the April 9 implementation date, Goldman sees Brent at $62 per barrel and WTI at $58 by December 2025. These figures fall further to $55 and $51, respectively, by the end of 2026. This outlook also assumes moderate output increases from eight OPEC+ countries, with incremental boosts of 130,000–140,000 barrels per day in June and July.   However, should the US slip into a typical recession and OPEC production aligns with the bank’s baseline assumptions, Brent could retreat to $58 by the end of this year and to $50 by December 2026.   In a more bearish scenario involving a global GDP slowdown and no change to OPEC+ output levels, Brent prices might fall to $54 by year-end and $45 by late 2026. The most extreme projection—based on a simultaneous economic downturn and a full reversal of OPEC+ production cuts—would see Brent plunge to below $40 per barrel by the end of 2026.   Goldman noted that oil prices could outperform forecasts significantly if there was a dramatic shift in tariff policy and a surprise in global demand recovery.   Cautious Optimism, But Warnings Persist   With both Washington and Beijing showing no signs of backing down, markets are likely to remain volatile in the days ahead. Investors now turn their attention to upcoming trade meetings and policy decisions, hoping for clarity in what has become one of the most unpredictable trading environments in recent years.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. 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