Heiken Ashi Dashboard For ThinkOrSwim

tradebyday

Active member
Sorry to disappoint guys but this project here has ended. Massive repainter, and definitely not worth using in any live trading. For an alternative here is a Heiken ashi based lower indicator to be played with that think someone else in here had made at one point
Code:
declare lower;

#Heikin-Ashi
def hc = (open + high + low + close ) / 4;
def ho = CompoundValue( 1, ( ho[1] + hc[1] ) / 2, hc );
def hh = Max(Max(high , ho), hc);
def hl = Min(Min(low , ho), hc);
def hh1r = if ho == hc then 0 else if ho < hc then 1 else -1;

plot Value = 1;

Value.AssignValueColor ( if hh1r == 1 then COLOR.GREEN else COLOR.RED );
Value.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
 

HighBredCloud

Well-known member
VIP
Sorry to disappoint guys but this project here has ended. Massive repainter, and definitely not worth using in any live trading. For an alternative here is a Heiken ashi based lower indicator to be played with that think someone else in here had made at one point
Code:
declare lower;

#Heikin-Ashi
def hc = (open + high + low + close ) / 4;
def ho = CompoundValue( 1, ( ho[1] + hc[1] ) / 2, hc );
def hh = Max(Max(high , ho), hc);
def hl = Min(Min(low , ho), hc);
def hh1r = if ho == hc then 0 else if ho < hc then 1 else -1;

plot Value = 1;

Value.AssignValueColor ( if hh1r == 1 then COLOR.GREEN else COLOR.RED );
Value.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
Do a quick addition of MTF and this can be very useful especially for trading on lower timeframes in order to avoid whipsaw...
 

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