Heikin Ashi
Heikin Ashi, a modified candlestick charting technique, emphasizes trends by smoothing price movements. These charts aid in clearer trend identification compared to traditional candlestick charts. The integration of Amibroker data feeds enhances Heikin Ashi analysis by providing accurate and up-to-date market information, facilitating precise trend assessment for traders.
/_SECTION_BEGIN("PAC - ZTEMA");
SetChartOptions(0,chartShowDates|chartShowArrows|chartLogarithmic|chartWrapTitle);
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(), colorRose, styleCandle );
TC = MA( High, 5 );
BC = MA( Low, 5 );
Plot(tc, "", colorYellow);
Plot(bc, "", colorYellow);
a = haClose > TC;
b = haClose < BC;
state=IIf(BarsSince(a)