Ok... For future reference, if you are sharing code don't just use a shared link, either also post the code itself or a standard hyperlink like you just posted... Everyone isn't comfortable having to install code just to see it...Nope ... It's the study shared in https://usethinkscript.com/threads/smoothed-heikin-ashi-for-thinkorswim.216/ ..... I added arrows
# TS_HeikinAshiSmoothed
# http://www.thinkscripter.com
# [email protected]
# Last Update 30 June 2013
### YOU MUST HAVE THE STYLE SETTING FIT STUDIES ENABLED ###
#hint: The style setting Fit Studies must be enabled tou use these bars.
input period = 21;
input hideCandles = NO;
input candleSmoothing = {default Valcu, Vervoort};
DefineGlobalColor("RisingMA", color.uptick);
DefineGlobalColor("FallingMA", color.downtick);
#DefineGlobalColor("RisingMA", color.cyan);
#DefineGlobalColor("FallingMA", color.yellow);
input movingAverageType = {default TEMA, Exponential, Weighted, Hull, Variable, SIMPLE};
def openMA;
def closeMA;
def highMA;
def lowMA;
switch (movingAverageType) {
case Simple:
openMA = compoundValue(1, Average(open, period), open);
closeMA = compoundValue(1, Average(close, period), close);
highMA = compoundValue(1, Average(high, period), high);
lowMA = compoundValue(1, Average(low, period), low);
case Exponential:
openMA = compoundValue(1, ExpAverage(open, period), open);
closeMA = compoundValue(1, ExpAverage(close, period), close);
highMA = compoundValue(1, ExpAverage(high, period), high);
lowMA = compoundValue(1, ExpAverage(low, period), low);
case Weighted:
openMA = compoundValue(1, WMA(open, period), open);
closeMA = compoundValue(1, WMA(close, period), close);
highMA = compoundValue(1, WMA(high, period), high);
lowMA = compoundValue(1, WMA(low, period), low);
Case Hull:
openMA = compoundValue(1, HullMovingAvg(open, period), open);
closeMA = compoundValue(1, HullMovingAvg(close, period), close);
highMA = compoundValue(1, HullMovingAvg(high, period), high);
lowMA = compoundValue(1, HullMovingAvg(low, period), low);
case variable:
openMA = compoundValue(1, VariableMA(open, period), open);
closeMA = compoundValue(1, VariableMA(close, period), close);
highMA = compoundValue(1, VariableMA(high, period), high);
lowMA = compoundValue(1, VariableMA(low, period), low);
case TEMA:
openMA = compoundValue(1, TEMA(open, period), open);
closeMA = compoundValue(1, TEMA(close, period), close);
highMA = compoundValue(1, TEMA(high, period), high);
lowMA = compoundValue(1, TEMA(low, period), low);
}
hidePricePlot(hideCandles);
def haOpen;
def haClose;
switch(candleSmoothing) {
case Valcu:
haOpen = CompoundValue(1, ( (haOpen[1] + (openMA[1] + highMA[1] + lowMA[1] + closeMA[1]) /4.0)/2.0), open);
haClose = ((OpenMA + HighMA + LowMA + CloseMA)/4.0) ;
case Vervoort:
haOpen = CompoundValue(1, ( (haOpen[1] + (openMA[1] + highMA[1] + lowMA[1] + closeMA[1]) /4.0)/2.0), open);
haClose = ((((OpenMA + HighMA + LowMA + CloseMA)/4.0) + haOpen + Max(HighMA, haOpen) + Min(LowMA, haOpen))/4.0);
}
plot o = haopen;
o.hide();
def haLow = min(lowMA, haOpen);
def haHigh = max(highMA,haOpen);
AddChart(high = haHigh, low = haLow, open = o, close = haclose, type = ChartType.CANDLE, growColor = GlobalColor("RisingMA"), fallColor = GlobalColor("FallingMA"), neutralColor = color.gray);
def haopen1 = if haopen>haclose
then HAopen
else double.nan;
def HAhigh1 = if haopen>=haclose
then hahigh
else double.nan;
def HAlow1 = if haopen>=haclose
then halow
else double.nan;
AddChart(high = haHigh1, low = haLow1, open = haopen1, close = haclose, type = ChartType.CANDLE, growColor = GlobalColor("FallingMA"), fallColor = GlobalColor("RisingMA"), neutralColor = color.gray);
def BullishChange = if ( haclose - haopen ) >= 0 and ( haclose[1] - haopen[1] ) <= 0 then yes else no;
def BearishChange = if ( haclose - haopen ) <= 0 and ( haclose[1] - haopen[1] ) >= 0 then yes else no;
plot Bullish = BullishChange;
Bullish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
Bullish.SetDefaultColor(Color.CYAN);
Bullish.SetLineWeight(2);
plot Bearish = BearishChange;
Bearish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_Down);
Bearish.SetDefaultColor(Color.CYAN);
Bearish.SetLineWeight(2);
So an update - I have been using this TTP Clone for 2 weeks now and having great success - even on 1 min timeframe - I enter on 3rd candle, use brackets on Tradovate for SL & TPThank you for sharing the code for this indicator - is that really all that TTP is doing with their $2000 product (admittedly - they do have training videos and heatmap etc)
Also - I see the initial period is set to 30 - is that the optimum setting for intraday trading?
Thank you
Hi, 1) do you recommend Trendtraderpro trading software ? 2) how do get the TTP Clone on TOSSo an update - I have been using this TTP Clone for 2 weeks now and having great success - even on 1 min timeframe - I enter on 3rd candle, use brackets on Tradovate for SL & TP
I don't use TTP Software and don't recommend spending $1500 for an indictor which seems to behave like a Smoothed HA - I am using the code at the top of this thread - which you can get into TOS under Studies->Edit Studies->CreateHi, 1) do you recommend Trendtraderpro trading software ? 2) how do get the TTP Clone on TOS
Hi - thank you for your comment - could you elaborate as to why this is better than the HA code posted at the beginning of this thread?@Mikew Check this , we have better system than this https://usethinkscript.com/posts/55520/
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