Moving Average (MA) Heiken Ashi Trend Strategy for ThinkorSwim

Lesnewby

Member
Moving Average (MA) Heiken Ashi Trend Strategy for ThinkorSwim

Good morning, hope you are safe and well! Yes if you could share I would try it and give you some feedback!
Here is something that may interest you, it is a Strategy that I use with Expected Moves for SPY, QQQ, and IWM. I trigger a buy order on the second green bar, on the HA (Heiken-Ashi) candle without a tail. The exit is same on the 2nd red bar. I developed this with Pete Hahan, and paid him for the modifications so I can share. I only use the long order side and I only trade options on these signals.
Let me know what you think and how we can improve this!

Leslie (Lesnewby)
Code:
#start
#Software modified by Pete Hahn for #L.J.Jedrychowski

# Leslie Jedrychowski V 7.0 2grn HA bars after a HA red bar.

#---------- Strategy Inputs
input tradeSize = 100;
#---------- Moving Average Inputs
input maLengthOne = 20;
input maTypeOne = AverageType.EXPONENTIAL;
input maPriceOne = close;
input maLengthTwo = 100;
input maTypeTwo = AverageType.EXPONENTIAL;
input maPriceTwo = close;

#---------- Moving Average Section
plot maOne = MovingAverage(maTypeOne, maPriceOne, maLengthOne);
plot maTwo = MovingAverage(maTypeTwo, maPriceTwo, maLengthTwo);

#---------- Heiken-Ashi Candles Section
def haClose = ohlc4;
def haOpen = if haOpen[1] == 0 then haClose[1] else (haOpen[1] + haClose[1]) / 2;
def haHigh = Max(high, Max(haClose, haOpen));
def haLow = Min(low, Min(haClose, haOpen));
def greenCandle = haClose > haOpen;
def redCandle = haClose < haOpen;
def trendUp = greenCandle and greenCandle[1] and !greenCandle[2];
def trendDown = redCandle and redCandle[1] and !redCandle[2];

#---------- Strategy Orders Section
# Long order
AddOrder(OrderType.BUY_TO_OPEN, trendUp[-1], close[-1], tradeSize, Color.CYAN, Color.CYAN, "LE");
AddOrder(OrderType.SELL_TO_CLOSE, trendDown[-1], close[-1], tradeSize, Color.MAGENTA, Color.MAGENTA, "LX");

#Short order
#AddOrder(OrderType.SELL_TO_OPEN, trendDown[-1], close[-1], tradeSize, Color.CYAN, Color.CYAN, "HA 2 Bar SE");
#AddOrder(OrderType.BUY_TO_CLOSE, trendUp[-1], close[-1], tradeSize, Color.MAGENTA, Color.MAGENTA, "HA 2 Bar SX");
#end


LJJ
 
Last edited by a moderator:

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Good morning, hope you are safe and well! Yes if you could share I would try it and give you some feedback!
Here is something that may interest you, it is a Strategy that I use with Expected Moves for SPY, QQQ, and IWM. I trigger a buy order on the second green bar, on the HA (Heiken-Ashi) candle without a tail. The exit is same on the 2nd red bar. I developed this with Pete Hahan, and paid him for the modifications so I can share. I only use the long order side and I only trade options on these signals.
Let me know what you think and how we can improve this!

Leslie (Lesnewby)

#start
#Software modified by Pete Hahn for #L.J.Jedrychowski

# Leslie Jedrychowski V 7.0 2grn HA bars after a HA red bar.

#---------- Strategy Inputs
input tradeSize = 100;
#---------- Moving Average Inputs
input maLengthOne = 20;
input maTypeOne = AverageType.EXPONENTIAL;
input maPriceOne = close;
input maLengthTwo = 100;
input maTypeTwo = AverageType.EXPONENTIAL;
input maPriceTwo = close;

#---------- Moving Average Section
plot maOne = MovingAverage(maTypeOne, maPriceOne, maLengthOne);
plot maTwo = MovingAverage(maTypeTwo, maPriceTwo, maLengthTwo);

#---------- Heiken-Ashi Candles Section
def haClose = ohlc4;
def haOpen = if haOpen[1] == 0 then haClose[1] else (haOpen[1] + haClose[1]) / 2;
def haHigh = Max(high, Max(haClose, haOpen));
def haLow = Min(low, Min(haClose, haOpen));
def greenCandle = haClose > haOpen;
def redCandle = haClose < haOpen;
def trendUp = greenCandle and greenCandle[1] and !greenCandle[2];
def trendDown = redCandle and redCandle[1] and !redCandle[2];

#---------- Strategy Orders Section
# Long order
AddOrder(OrderType.BUY_TO_OPEN, trendUp[-1], close[-1], tradeSize, Color.CYAN, Color.CYAN, "LE");
AddOrder(OrderType.SELL_TO_CLOSE, trendDown[-1], close[-1], tradeSize, Color.MAGENTA, Color.MAGENTA, "LX");

#Short order
#AddOrder(OrderType.SELL_TO_OPEN, trendDown[-1], close[-1], tradeSize, Color.CYAN, Color.CYAN, "HA 2 Bar SE");
#AddOrder(OrderType.BUY_TO_CLOSE, trendUp[-1], close[-1], tradeSize, Color.MAGENTA, Color.MAGENTA, "HA 2 Bar SX");
#end


LJJ
Hi Lensnewby, I tried to load this on my TOS and could not see anything showing the study??? Can you show us what it is supposed to look like??? I tried several different time frames... Thanks.
 
@JoeSD
This is a strategy so you need to create a new strategy and not a study. No autotrading in ToS, however it does give you an indication of a P and L, so you can get a report on how well the indicators work. On the Heiken-Ashi 2Grn/2Red strategy, I also use volume, MA crossovers and stochastics slow to confirm trades.
 
Last edited by a moderator:
We would like to see this strategy to enter, buy to open, on the 1st Green Heiken Ashi Bar and Sell to close on the first Red Heiken Ashi Bar and only do this if the MACD (Value) Fast line is above the MACD (Average) Slow line. I would also like to exit on the 5th consecutive Green HA bar or on the first Red HA bar if we have fewer than 5 consecutive Green HA bars. We should be able to change the number of bars to close.
See below, the results are impressive on a one year one day time scale even with my erroneous script. The red markers show where entries should not have happened.

#!st Green and MACD fast above slow (Value > Average)
#LJJ 2022 1115

def haClose = ohlc4;
def haOpen = if haOpen[1] == 0 then haClose[1] else (haOpen[1] + haClose[1]) / 2;
def haHigh = Max(high, Max(haClose, haOpen));
def haLow = Min(low, Min(haClose, haOpen));
def haColor = haClose > haOpen;
def trendUp = haColor and !haColor[1];

def trendDown = !haColor and haColor[1];


AddOrder(OrderType.BUY_to_OPEN, trendUp, MACD()."Value" is greater than MACD()."Avg" , tickColor = GetColor(0), arrowColor = GetColor(0), name = "LE");
AddOrder(OrderType.SELL_to_CLOSE, trendDown, MACD()."Value" is less than MACD()."Avg", tickColor = GetColor(1), arrowColor = GetColor(1), name = "LX");

LfaOsoD.jpg


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Any help would be very much appreciated!
 

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