Here's what it looks like with a Heikin Ashi Indicator
Here's the code to get the plot: Chence27's Triple Exhaustion Indicator with My Heiki Ashi
added at the bottom. I have kept them separate so you can see.
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## Triple Exhaustion Indicator
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## CREDITS
## Requested by
@Chence27 from criteria listed here
https://usethinkscript.com/threads/triple-exhaustion-indicator.9001/
##
##
## Removing the header Credit credits and description is not permitted, any modification needs to be shared.
##
## V 1.0 :
@cos251 - Initial release per request from
www.usethinkscript.com forum thread:
## :
https://usethinkscript.com/threads/triple-exhaustion-indicator.9001/
## V 1.1 :
@Chence27 - modifcations to better approximate original study
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##
##
declare upper;
# --- Inputs
input over_bought = 80;
input over_sold = 20;
input KPeriod = 10;
input DPeriod = 10;
input priceH = high;
input priceL = low;
input priceC = close;
input averageType = AverageType.SIMPLE;
input length = 1000;
input paintBars = yes;
input showLabels = yes;
# --- Indicators - StochasticSlow / MACD / MACD StDev / DMI+/-
def SlowK = reference StochasticFull(over_bought, over_sold, KPeriod, DPeriod, priceH, priceL, priceC, 3, averageType).FullK;
def MACD = reference MACD()."Value";
def priceMean = Average(MACD, length);
def MACD_stdev = (MACD - priceMean) / StDev(MACD, length);
def dPlus = reference DMI()."DI+";
def dMinus = reference DMI()."DI-";
# --- End Indicators
# --- Conditions
def sellerRegular = SlowK < 20 and MACD_stdev < -1 and dPlus < 15;
def sellerExtreme = SlowK < 20 and MACD_stdev < -2 and dPlus < 15;
def buyerRegular = SlowK > 80 and MACD_stdev > 1 and dMinus < 15;
def buyerExtreme = SlowK > 80 and MACD_stdev > 2 and dMinus < 15;
# --- End Conditions
# -- Price Color
AssignPriceColor( if paintBars and sellerExtreme then Color.CYAN else if buyerExtreme and paintBars then Color.MAGENTA else if paintBars and sellerRegular then Color.GREEN else if buyerRegular and paintBars then Color.RED else if paintBars then Color.GRAY else Color.Current);
# --- Arrows/Triggers
plot RegularBuy = if sellerRegular[1] and !sellerRegular then low else Double.NaN;
RegularBuy.SetPaintingStrategy(PaintingSTrategy.ARROW_UP);
RegularBuy.SetDefaultColor(Color.GREEN);
plot RegularSell = if buyerRegular[1] and !buyerRegular then high else Double.NaN;
RegularSell.SetPaintingStrategy(PaintingSTrategy.ARROW_Down);
RegularSell.SetDefaultColor(Color.RED);
RegularSell.SetLineWeight(3);
RegularBuy.SetLineWeight(3);
# --- Labels
AddLabel(showLabels,"SellerRegular",Color.RED);
AddLabel(showLabels,"SellerExtreme",Color.MAGENTA);
AddLabel(showLabels,"BuyerRegular",Color.GREEN);
AddLabel(showLabels,"BuyerExtreme",Color.CYAN);
#-----------------------------------------------------------------------------------------#
#-----------------------------------------------------------------------------------------#
# My Smoothed Heikin_Ashi_Moving_Average_S2
# skaboy 2010-2021
#########declare upper;
input s33_Period = 3;
input s33_Smooth = 3;
def s33_open = ExpAverage(open, s33_Period);
def s33_close = ExpAverage(close, s33_Period);
def s33_high = ExpAverage(high, s33_Period);
def s33_low = ExpAverage(low, s33_Period);
def s33_aclose = (s33_open + s33_high + s33_low + s33_close) * 0.25;
rec s33_aopen = CompoundValue(1, (s33_aopen[1] + s33_aclose[1]) * 0.5, (s33_open[1] + s33_close[1]) * 0.5);
def s33_ahigh = Max(s33_high, Max(s33_aclose, s33_aopen));
def s33_alow = Min(s33_low, Min(s33_aclose, s33_aopen));
def Avg_s33_aopen = Average(s33_aopen, s33_Period);
def Avg_s33_aclose = Average(s33_aclose, s33_Period);
def Avg_s33_ahigh = Average(s33_ahigh, s33_Smooth);
def Avg_s33_alow = Average(s33_alow, s33_Smooth);
def s33_Color = Avg_s33_aclose >= Avg_s33_aopen;
def s33_Sell = s33_Color[1] > s33_Color[0];
def s33_Buy = s33_Color[1] < s33_Color[0];
#-------------------display enhancement--------------------#
AddCloud(Avg_s33_aopen, Avg_s33_aclose, CreateColor(255, 0, 0), CreateColor(255, 255, 0));
AddCloud(Avg_s33_aopen, Avg_s33_aclose, CreateColor(255, 0, 0), CreateColor(255, 255, 0));
AddCloud(Avg_s33_aopen, Avg_s33_aclose, CreateColor(255, 0, 0), CreateColor(255, 255, 0));
#-----------------------------------------------------------------------------------------#
plot top_Signal = s33_Sell;
top_Signal.SetDefaultColor(CreateColor(255, 178, 0));
top_Signal.SetLineWeight(2);
top_Signal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
plot bot_Signal = s33_Buy;
bot_Signal.SetDefaultColor(CreateColor(255, 255, 0));
bot_Signal.SetLineWeight(2);
bot_Signal.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
#-------------------end display enhancement ----------------------------#