Heikin Ashi For ThinkOrSwim

[prancelot]

@Parker427 Maybe this is what you're looking for? Full credit goes to MTS1 of the TSL.

# HeikinAshiPaintBars_MTSmod180412
# MTS1 1804 based on JQ shared script TSL
# http://tos.mx/jKArTG##
# Updated formula based on http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:heikin_ashi which seems to match ToS HA Chart

def o = open;
def h = high;
def l = low;
def c = close;
def HAopen;
def HAhigh;
def HAlow;
def HAclose;
HAopen = CompoundValue(1, (haopen[1] + haclose[1]) / 2, (o[1] + c[1]) / 2);
HAhigh = Max(Max(h, haopen), haclose[1]);
HAlow = Min(Min(l, haopen), haclose[1]);
HAclose = (open + high + low + close) / 4;
AssignPricecolor(if haclose > haopen
                 then Color.Green
                 else Color.Red);

and here is a MTF version -

# HeikinAshiPaintBars_MTSmod180412
# MTS1 1804 based on JQ shared script TSL
# http://tos.mx/jKArTG##
# Updated formula based on http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:heikin_ashi which seems to match ToS HA Chart
# Pensar - added MTF 7/30/2020

input agg = aggregationPeriod.TEN_MIN;

def o = open(period = agg);
def h = high(period = agg);
def l = low(period = agg);
def c = close(period = agg);
def HAopen;
def HAhigh;
def HAlow;
def HAclose;
HAopen = CompoundValue(1, (haopen[1] + haclose[1]) / 2, (o[1] + c[1]) / 2);
HAhigh = Max(Max(h, haopen), haclose[1]);
HAlow = Min(Min(l, haopen), haclose[1]);
HAclose = (o + h + l + c) / 4;
AssignPricecolor(if haclose > haopen
                 then Color.Green
                 else Color.Red);

Does this repaint?

 

[useThinkScript]

Does this repaint?

No, Heikin-Ashi candles do not repaint.

Repainting indicators on the forum are prefixed with "repaints"

Most of the indicators on the forum will update on the current candle with every tick until the bar closes.
This is not considered repainting.

 

[xxentre]

@Drgrcrpilot You can use this code below to display Heikin Ashi as a lower study:

#TSI_HeikinAshi_Bars
# (c) 2009
#Copyright Authorship: ThinkSwimIndicators.com


#==========================================================================
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#                                                                         [
#                         -----=== O ===-----                             [
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#****COPYRIGHT NOTICE:  "Heikin-Ashi Bars" is free to use by the general  [
# public. Distribution or modification is prohibited. All content, form,  [
# and style, likewise, is protected by copyright.                         [
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# the  highest quality and caliber--for the Thinkorswim Trading platform, [
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# that  you  visit the free "Learning Center"  at our website for further [
# information on the use of this indicator. "GO: Master the Markets!" (TM)[
#==========================================================================


declare lower;

def haclose = (open + high + low + close) / 4;
rec haopen = compoundValue(1, (haopen[1] + haclose[1]) / 2, (open[1] +
close[1]) / 2);
def diff = haclose - haopen;

plot HA_Down = if  diff > 0 and diff[1] >= 0 then 0 else 1;
plot HA_Up = if diff < 0 and diff[1] <= 0 then 0 else 1;

HA_Up.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
HA_Up.AssignValueColor(color.GREEN);
HA_Up.SetLineWeight(5);

HA_Down.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
HA_Down.AssignValueColor(color.RED);
HA_Down.SetLineWeight(5);

Can this placed in a watchlist green for up trend and red for down trend?

 

[MerryDay]

@xxentre

Heiken-Ashi Watchlist:
https://usethinkscript.com/threads/use-of-heiken-ashi-candles-in-thinkorswim.19049/#post-143305