Heikin Ashi Technique
The Heikin Ashi technique involves using modified candlesticks to reduce market noise and emphasize trends. By averaging open, close, high, and low prices, Heikin Ashi charts create a smoother representation of price movements. Traders relying on this technique benefit from clearer trend identification. Incorporating Amibroker data feed enriches this technique, ensuring traders have accurate and timely market information for optimal decision-making.
/_SECTION_BEGIN("Heikin");
HaClose = (O+H+L+C)/4;
HaOpen = AMA( Ref( HaClose, -1 ), 0.5 );
HaHigh = Max( H, Max( HaClose, HaOpen ) );
HaLow = Min( L, Min( HaClose, HaOpen ) );
PlotOHLC( HaOpen, HaHigh, HaLow, HaClose, "Modified " + Name(), colorBlack, styleCandle );
_SECTION_END();
_SECTION_BEGIN("Asish_Indicator_01");
a = Param("Angle",30,15,45,1);
pd = Param("Period",5,4,6,1);
P = ParamField("Price field",3);
a= (22/7)*(a/180);
Num = 0;
Den = 0;
for(i=1; i<=pd; i++)
{
if(pd%2==0 AND i > pd/2) X = sin((i-1)*a);
else X = sin(i*a);
Num = Num + X*Ref(P,1-i);
Den = Den + X;
}
if (den!=0) j1 = Num / Den;
Plot(j1,"j1",IIf(j1 > Ref(j1,-1),colorBlueGrey,colorLime),styleThick);
Buy = Close > j1;
Sell = Close < j1;
Buy=ExRem(Buy,Sell); Sell=ExRem(Sell,Buy);
PlotShapes( shapeHollowUpArrow* Buy , colorBrightGreen ,0);
PlotShapes( shapeHollowDownArrow* Sell, colorRed ,0);
//Plot(0,"",colorDarkBlue,styleLine);
Filter = Buy OR Sell;
Buy=ExRem(Buy,Sell); Sell=ExRem(Sell,Buy);
AddTextColumn(FullName(),"Name");
AddColumn( Buy, "BUY" );
AddColumn( Sell, "SELL" );
_SECTION_END();
_SECTION_BEGIN("Stop Loss");
a=.0174532;
S1=sin(1*a)*C;
S2=sin(2*a)*Ref(C,-1);
S3=sin(3*a)*Ref(C,-2);
S4=sin(4*a)*Ref(C,-3);
S5=sin(5*a)*Ref(C,-4);
Num=S1+S2+S3+S4+S5;
Den=sin(a)+sin(2*a)+sin(3*a)+sin(4*a)+sin(5*a);
j1= Num/Den;
Plot(j1,"Stop Loss",ParamColor( "Color",13 ), styleLine | styleThick );
_SECTION_END();