PROTECTED SOURCE SCRIPT
Heikin Ashi Smoothed Strategy
This TradingView Pine Script strategy is designed to enhance traditional Heikin Ashi candlestick visuals by applying smoothing techniques to the standard OHLC values. At its core, the script calculates moving averages for the open, high, low, and close prices using a selectable moving average method—options include SMA, EMA, WMA, Hull, and TEMA. A custom function is provided to compute TEMA, ensuring a smoother representation of price data. These smoothed values are then used to derive modified Heikin Ashi candle values, with the strategy offering a choice between two formulas (Valcu and Vervoort) for calculating the HA close.
In addition to generating the smoothed Heikin Ashi candles, the strategy incorporates multiple overlay indicators to capture different trend perspectives based on the HA close. The script plots a moving average, a linear regression line, and a TEMA line directly on the chart for enhanced trend analysis. These trendlines are derived by reapplying smoothing techniques to the HA close, giving traders a multi-faceted view of market behavior. The customizable inputs allow users to toggle the visibility of these elements and adjust their parameters (such as period lengths and specific MA types), thereby tailoring the visual and analytical output to their individual trading preferences.
The trading logic of the strategy hinges on the crossover dynamics between the HA close’s linear regression and its moving average. A buy signal is generated when the linear regression crosses above the moving average, suggesting that the smoothed HA price is gaining upward momentum. Conversely, a sell signal is triggered when the linear regression crosses below the moving average, indicating a potential downturn. By combining smoothed price visualization with these robust trend indicators, the strategy aims to reduce noise and provide clearer entry and exit signals, catering especially to traders who rely on technical analysis for making informed decisions.
Important Notice:
The use of technical indicators like this one does not guarantee profitable results. This indicator should not be used as a standalone analysis tool. It is essential to combine it with other forms of analysis, such as fundamental analysis, risk management strategies, and awareness of current market conditions. Always conduct thorough research.
Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data before applying them in live trading scenarios.
Disclaimer:
Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research before making any trading decisions.
In addition to generating the smoothed Heikin Ashi candles, the strategy incorporates multiple overlay indicators to capture different trend perspectives based on the HA close. The script plots a moving average, a linear regression line, and a TEMA line directly on the chart for enhanced trend analysis. These trendlines are derived by reapplying smoothing techniques to the HA close, giving traders a multi-faceted view of market behavior. The customizable inputs allow users to toggle the visibility of these elements and adjust their parameters (such as period lengths and specific MA types), thereby tailoring the visual and analytical output to their individual trading preferences.
The trading logic of the strategy hinges on the crossover dynamics between the HA close’s linear regression and its moving average. A buy signal is generated when the linear regression crosses above the moving average, suggesting that the smoothed HA price is gaining upward momentum. Conversely, a sell signal is triggered when the linear regression crosses below the moving average, indicating a potential downturn. By combining smoothed price visualization with these robust trend indicators, the strategy aims to reduce noise and provide clearer entry and exit signals, catering especially to traders who rely on technical analysis for making informed decisions.
Important Notice:
The use of technical indicators like this one does not guarantee profitable results. This indicator should not be used as a standalone analysis tool. It is essential to combine it with other forms of analysis, such as fundamental analysis, risk management strategies, and awareness of current market conditions. Always conduct thorough research.
Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data before applying them in live trading scenarios.
Disclaimer:
Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research before making any trading decisions.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
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.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
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.