OPEN-SOURCE SCRIPT

Faster Heikin Ashi

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Faster Heikin Ashi

The Faster Heikin Ashi improves traditional Heikin Ashi candles by introducing advanced weighting mechanisms and lag reduction techniques. While maintaining the price smoothing benefits of standard Heikin Ashi, this enhanced version delivers faster signals and responsiveness.

Key Features

Unified Responsiveness Control
  • Single parameter (0.1 - 1.0) controls all responsiveness aspects
  • Eliminates conflicting settings found in other enhanced HA indicators
  • Intuitive scaling from conservative (0.1) to highly responsive (1.0)


Advanced Weighted Calculations
  • Smart Close Weighting: Close prices receive 2-3x more influence for faster trend detection
  • Dynamic OHLC Processing: All price components are intelligently weighted based on responsiveness setting
  • Balanced High/Low Emphasis: Maintains price level accuracy while improving speed


Enhanced Open Calculation
  • Transition Speed: Open prices "catch up" to market movements faster
  • Lag Reduction Algorithm: Eliminates the typical delay in Heikin Ashi open calculations
  • Smooth Integration: Maintains visual continuity while improving responsiveness


Four-Color Scheme
- 🟢 **Lime**: Strong bullish momentum
- 🔴 **Red**: Strong bearish momentum
- 🟢 **Green**: Moderate bullish
- 🔴 **Maroon**: Moderate bearish

How It Works

Traditional Heikin Ashi smooths price action but often lags behind real market movements. This enhanced version:
1. Weights price components based on their predictive value
2. Accelerates trend transitions through advanced open calculations
3. Scales all enhancements through a single responsiveness parameter
4. Maintains smoothing benefits while reducing lag

Responsiveness (0.1 - 1.0)
  • 0.1 - 0.3: Conservative, maximum smoothing
  • 0.4 - 0.6: Balanced, good for swing trading and trend following
  • 0.7 - 1.0: Aggressive, fast signals, suitable for scalping and active trading

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.