Heiken-Ashi Moving Average (HAMA) for ThinkorSwim

[mc01439]

As you requested. I just took the study and added orders.

https://tos.mx/Iu9hnrF

 

[sicilianslice]

Thanks MC! I'll check it out.

 

[tradebyday]

Not much to say beyond the title. It is a strategy utilizing 3 HAMAs.

# START
input paintBars = yes;
input length1 = 35;
def HAopen;
def HAhigh;
def HAlow;
def HAclose;
HAopen = CompoundValue(1, (haopen[1] + haclose[1]) / 2, (open[1] + close) / 2);
HAhigh = Max(high, close[1]);
HAlow = Min(low, close[1]);
HAclose = (HAopen + HAclose[1] + HAlow + close) / 4;

plot HAMA = Average(HAclose, length1);

HAMA.DefineColor("Up", GetColor(1));
HAMA.DefineColor("Down", GetColor(0));
HAMA.AssignValueColor(if HAMA > HAMA[1] then HAMA.color("Up") else HAMA.color("Down"));
# END

# START
input length2 = 70;


plot HAMA1 = Average(HAclose, length2);

HAMA1.DefineColor("Up", GetColor(1));
HAMA1.DefineColor("Down", GetColor(0));
HAMA1.AssignValueColor(if HAMA1 > HAMA1[1] then HAMA1.color("Up") else HAMA1.color("Down"));
# END

# START
input length3 = 100;


plot HAMA3 = Average(HAclose, length2);

HAMA3.DefineColor("Up", GetColor(1));
HAMA3.DefineColor("Down", GetColor(0));
HAMA3.AssignValueColor(if HAMA3 > HAMA3[1] then HAMA3.color("Up") else HAMA3.color("Down"));
# END

def GreenPrice = HAMA > HAMA[1] and HAMA1 > HAMA1[1] and HAMA3 > HAMA3[1];
def RedPrice = HAMA < HAMA[1] and HAMA1 < HAMA1[1] and HAMA3 < HAMA3[1];

plot Bullish = GreenPrice;
plot Neutral = !GreenPrice and !RedPrice;
plot Bearish = RedPrice;

Bullish.SetDefaultColor(Color.UPTICK);
Bullish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
Bullish.SetLineWeight(3);
Bullish.hide();
Neutral.SetDefaultColor(Color.BLUE);
Neutral.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
Neutral.SetLineWeight(3);
Neutral.hide();
Bearish.SetDefaultColor(Color.DOWNTICK);
Bearish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_POINTS);
Bearish.SetLineWeight(3);
Bearish.hide();

DefineGlobalColor("Bullish", Color.UPTICK);
DefineGlobalColor("Neutral", Color.GRAY);
DefineGlobalColor("Bearish", Color.DOWNTICK);
AssignPriceColor(if !paintBars then Color.CURRENT else if GreenPrice then globalColor("Bullish") else if RedPrice then globalColor("Bearish") else globalColor("Neutral"));


addOrder(OrderType.BUY_AUTO, Bullish);
addOrder(OrderType.SELL_TO_CLOSE, Neutral);
addOrder(OrderType.SELL_AUTO, Bearish);
addOrder(OrderType.BUY_TO_CLOSE, Neutral);

 

[JoeSD]

@tenacity11 - this chart looks amazing to me as far a potential entry/exit signals. I also like the other indicators you have on there. any chance you have a TOS grid with these studies? Thanks. Joe

 

[tenacity11]

You're not a pain. this is the first time I'm sharing a grid lol https://tos.mx/mOvqXFX

 

[Nicholas]

As you requested. I just took the study and added orders.

https://tos.mx/Iu9hnrF

The code will not trigger real trade orders ya? It just a strategy to backtest?

 

[BenTen]

@Nicholas Correct. All backtesting strategies in ThinkorSwim are for testing only. The platform does not support auto trading.

 

[Nicholas]

@Nicholas Correct. All backtesting strategies in ThinkorSwim are for testing only. The platform does not support auto trading.

Thank you. Yes I’m using this strategy /MES, 3/3 day green.... today 740am-840 very choppy , 930-934 caught 10 points...
I’m using HAMA weighted 35/111/200

 

[mailbagman2000]

@tomsk What does the yellow dot mean?

 

[JoeSD]

You're not a pain. this is the first time I'm sharing a grid.lol
https://tos.mx/mOvqXFX

@Tenacity - I'm not sure I ever thanked you for sharing your chart earlier - Thanks do much. Still trying to figure out what may work for me...??? Stay well and thanks a again.

 

[kshires4]

Heikin Ashi concept is very interesting . In essence its 2 period smoothing of price action, which visually represents what actually happens in trend better than individual candles. However it can be misleading when used in some timeframes. Back to your question. There is this study I made while playing with HKA - it color candles pink when there is HKA trend transition. It can be used both on regular and HKA charts

#HK
#Use bar to figure trendDown or confirm.
#heikin ashi bars. close=OHLC/4.  open=1/2(open[1]+close[1])  and HA trend
#
def haclose = (open + high + low + close) / 4;
def haopen = CompoundValue(1, (haopen[1] + haclose[1]) / 2, (open[1] + close[1]) / 2);
def hahigh=max(open,max(close,high));def halow=min(open,min(close,high));

def HAtrendUP  = haclose > haclose[1];
def upBar = if HAtrendUP then upBar[1] + 1 else 0;
def HATrendDown = haclose <= haclose[1];
def downBar = if HATrendDown then downBar[1] + 1 else 0;
def bars = upBar + downBar;
#the one with body small relative to wicks . let say less than 0.3
def HAtransition=absvalue((haopen-haclose)/(hahigh-halow))<0.3;
def HARed = HAOpen > HAclose;
def HAGreen = !HARed;
def HADecidedRed = HARed and HAHigh == HAopen;
def HADecidedGreen = HAGreen and HAlow == HAOpen;

plot data=0;
#
AssignPriceColor( if hatransition then color.MAGENTA
    else Color.CURRENT);

anyway to scan for this?

 

[MerryDay]

anyway to scan for this?

Heiken Ashi Transition Scan
Shared Scan Link: http://tos.mx/UPqddCS Click here for --> Easiest way to load shared links

#HK SCAN ONLY
#Use bar to figure trendDown or confirm.
#heikin ashi bars. close=OHLC/4.  open=1/2(open[1]+close[1])  and HA trend
#
def haclose = (open + high + low + close) / 4;
def haopen = CompoundValue(1, (haopen[1] + haclose[1]) / 2, (open[1] + close[1]) / 2);
def hahigh=max(open,max(close,high));def halow=min(open,min(close,high));

def HAtrendUP  = haclose > haclose[1];
def upBar = if HAtrendUP then upBar[1] + 1 else 0;
def HATrendDown = haclose <= haclose[1];
def downBar = if HATrendDown then downBar[1] + 1 else 0;
def bars = upBar + downBar;
#the one with body small relative to wicks . let say less than 0.3
def HAtransition=absvalue((haopen-haclose)/(hahigh-halow))<0.3;

plot scan =  hatransition;

 

[vinvin]

@HighBredCloud Per your request here's a version of SuperTrend using Heiken Ashi from Mobius. Please enjoy this!

# Mobius
# SuperTrend HeikenAshi
# V03.10.2015
# Up = (HIGH + LOW) / 2 + Multiplier * ATR
# Down = (HIGH + LOW) / 2 – Multiplier * ATR
# When the change of trend occurs, the indicator flips

input AtrMult = .70;
input nATR = 4;
input AvgType = AverageType.HULL;
input PaintBars = yes;
input BubbleOn = no;
input ShowLabel = no;
input AlertOn = no;
input PlotLine = no;

def HAopen;
def HAhigh;
def HAlow;
def HAclose;
HAopen = CompoundValue(1, (haopen[1] + haclose[1]) / 2, (open[1] + close) / 2);
HAhigh = Max(high, close[1]);
HAlow = Min(low, close[1]);
haclose = (HAopen + HAclose[1] + HAlow + close) / 4;
def v = volume;
def bar = barNumber();
def EOD = if SecondsTillTime(1545) == 0 and
             SecondsFromTime(1545) == 0
          then 1
          else 0;
def NotActive = if SecondsFromTime(1545) > 0
                then 1
                else 0;
def ATR = MovingAverage(AvgType, TrueRange(HAhigh, HAclose, HAlow), nATR);
def UP = HL2 + (AtrMult * ATR);
def DN = HL2 + (-AtrMult * ATR);
def ST = if close < ST[1]
         then Round(UP / tickSize(), 0) * tickSize()
         else Round(DN / tickSize(), 0) * tickSize();
plot SuperTrend = ST;
SuperTrend.SetHiding(!PlotLine);
SuperTrend.AssignValueColor(if close < ST then Color.RED else Color.GREEN);
SuperTrend.SetPaintingStrategy(PaintingStrategy.Line);
AssignPriceColor(if PaintBars and close < ST
                 then Color.RED
                 else if PaintBars and close > ST
                      then Color.GREEN
                      else Color.CURRENT);
plot ST_point = if isNaN(close[-1])
                then ST
                else double.nan;
ST_point.SetStyle(Curve.Points);
ST_point.SetLineWeight(3);
ST_point.SetDefaultColor(Color.Yellow);
# End Code SuperTrend HeikenAshi

Thank you for posting this code. I managed to add vertical lines as an additional visual confirmation with

addverticalLine( if ST > ST [1] then high else double.nan, "B U Y", color.green, curve.firm);
addverticalLine( if ST < ST [1] then low else double.nan, "S E L L", color.RED, curve.firm);

This add-on paints lines for every candle, to the right side of the candle. Is it possible to change the code to draw vertical line once per color change and to the left side of the candle? An option to add audible alert would be awesome. Thanks in advance for your time.

Managed to add audible alert with

Alert((ST > ST [1]) or ( ST < ST [1]), "ST Color Change", Alert.BAR, Sound.RING);. The recurring vertical line problem eludes me.