Heiken Ashi Overlay Displaced

[EnV-T]

Good morning everyone.

I have been switching my usage to heiken ashi candles
https://usethinkscript.com/threads/heikin-ashi-for-thinkorswim.2268/#post-71161
for trading and was wondering if it would be possible to have a heiken ashi candle overlay on a chart while having the default candlesticks on the chart. What I mean is.. if I trade off a 10 min time frame chart, by default, I want to have the regular candlesticks on the chart and have the heiken ashi candlesticks of that ticker displaced a few spaces below the regular candlesticks to help me identify not only trend but to also help me see if we are going to get some sort of reversal. Please let me know if this would be possible. Thank you for your help.

 

[SleepyZ]

Good morning everyone.

I have been switching my usage to heiken ashi candles
https://usethinkscript.com/threads/heikin-ashi-for-thinkorswim.2268/#post-71161
for trading and was wondering if it would be possible to have a heiken ashi candle overlay on a chart while having the default candlesticks on the chart. What I mean is.. if I trade off a 10 min time frame chart, by default, I want to have the regular candlesticks on the chart and have the heiken ashi candlesticks of that ticker displaced a few spaces below the regular candlesticks to help me identify not only trend but to also help me see if we are going to get some sort of reversal. Please let me know if this would be possible. Thank you for your help.

This will displace the HA candles created with the code in your link.
A positive number displaced will plot the candles above the chart candles and a minus will be below
An option to instead of HA candles you can plot HA_candle_trend defaulted to lines and dots
You can choose to hide the HA candles and/or HA_candle_trend plots
The image shows both HA candles and HA_candle_trend dots for comparison

[

CODE]#Draw the Heinkin Ashi candle
input show_HA_candles = yes;
input show_HA_candle_trend = yes;
input HA_displace = 8;#Hint HA_displace: Plus numbers will displace above chart candlse and Minus below

#----------------------------
#HeikenAshi Candles Defined
def HAhigh;
def HAlow;
def HAclose;
def HAopen = CompoundValue(1, (HAopen[1] + HAclose[1]) / 2, (open[1] + close[1]) / 2);
HAclose = (open + high + low + close) / 4;
HAhigh = Max(Max(high, HAopen), HAclose[1]);
HAlow = Min(Min(low, HAopen), HAclose[1]);
def HA_open = Round(HAopen, 2);
def diff = HAclose - HAopen;

AddChart(if !show_HA_candles then Double.NaN else HAhigh + HA_displace * TickSize() , HAlow + HA_displace * TickSize(), HA_open + HA_displace * TickSize(), HAclose + HA_displace * TickSize(), type = ChartType.CANDLE, growcolor = Color.LIGHT_ORANGE);


#Edit the plot for these as boolean type and use up/down arrow to show on your chart if you want to add Heinkin Ashi Signal for trend changing
def HA_Down = if diff > 0 and diff[1] <= 0 then 1 else 0;
def HA_Up = if diff < 0 and diff[1] >= 0 then 1 else 0;

#----------------------------
#HA Candle Trend
def HA_candle_trend_ = if BarNumber() == 1 then Double.NaN else if HAopen <= HAclose then 1 else if HAopen > HAclose then 0 else HA_candle_trend_[1];
plot HA_candle_trend = (if HA_displace > 0 then high else low) + HA_displace * TickSize();
HA_candle_trend.AssignValueColor(if HA_candle_trend_ == 1 then Color.GREEN else Color.RED);
HA_candle_trend.SetPaintingStrategy(PaintingStrategy.LINE_VS_POINTS);
HA_candle_trend.SetLineWeight(2);
HA_candle_trend.SetHiding(!show_HA_candle_trend);

#[/CODE]