Speeds
New member
mod note:
In trading, a doji candlestick pattern in regular candles indicates market indecision between buyers and sellers, often forming at critical support or resistance levels.
Heiken Ashi candles focus on trends.
Therefore, this indicator's pseudo-HA-doji signals a potential pause in the trend.
Calculated when the candle’s movement is less than 0.1%.
Thus suggesting a possible shift or slowdown in momentum.
Due to the calculation's sensitivity, this indicator is best suited for higher timeframes across most instruments.
https://tos.mx/EaVcQ32 -Chart w/indicators
Code:
# Heiken Ashi Doji
# Heiken Ashi candles < .1% change
def haclose = (open + high + low + close) / 4;
def haopen = CompoundValue(1, (haopen[1] + haclose[1]) / 2, (open[1] + close[1]) / 2);
def hachg = 100 * (haopen / haclose -1);
input roc = .1;
plot hadoji = hachg >= -roc and hachg <= roc;
Last edited by a moderator: