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Heikin Ashi - for a change use it as a indicator for Amibroker (AFL)

Rating:
4 / 5 (Votes 6)
Tags:
amibroker, heikin

THIS IS A MODIFICATION OF PULSAR SYSTEM FROM http://www.wisestocktrader.com/indicators/1907-pulsar-system THE CREDIT GOES TO ORIGINAL PROGRAMMER. WE HAVE SOME CONFUSIONS WHILE USING Heiken Ashi LIKE CMP SELL AND BUY LEVELS. NOW ONE CAN USE IT AS A LOWER INDICATOR ALONG WITH NORMAL PRICE CHART SO WE CAN SEE SUPPORT & RESISTANCE LEVEL VERY EASILY. HIGHER THE CHART TIME FRAME GIVES MORE ACCURACY. ENJOY TRADING.

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));
//Plot( C, "Close", ParamColor("Color", colorDefault ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() ); 
_SECTION_END();


x=Param("xposn",1,0,1000,1);
y=Param("yposn",1,0,1000,1);

GfxSetTextColor( colorBlack );
GfxTextOut( "Created By Gokul Krishna ", x+1000, y+0 );


/*Developed by Tudor Marcelin - Art Invest*/
HLper=Param("EMA period",21,3,35);
Lagper=Param("Lag period",10,3,35);
 
HL=EMA(H-L,HLper);
LagEMA=Ref(HL,(-1)*Lagper);
 
VCF=100*(HL-LagEMA)/LagEMA;
//ATR
procedure ATRf(Hp,Lp,Cp,per)
{
 
TR=Max(Hp-Lp,Max(abs(Hp-Ref(Cp,-1)),abs(Ref(Cp,-1)-Lp)));
 
TRI=Wilders(TR,per);
return TRI;
}
 
//Moving Average
procedure MAList(type)
{
global MAType;
global MAName;
chList =
ParamList("Type",
List = "1 - EMA,2 - WMA,3 - DEMA,4 - WILDERS", type-1);
for( i=0; i<5; i++)
{if( StrExtract(List, i) == chList ) MAType = i+1;}
MAName =
WriteIf(MAType == 1,"EMA",
WriteIf(MAType == 2,"WMA",
WriteIf(MAType == 3,"DEMA",
WriteIf(MAType == 4,"WILDERS",""))));
}
 
 
procedure MAFormula(array,per,type)
{
CallFormula =
IIf(type == 1,EMA(array,Per),
IIf(type == 2,WMA(array,Per),
IIf(type == 3,DEMA(array,Per),
IIf(type == 4,Wilders(array,Per),Null))));
return CallFormula;
}
 
MAList(2);
 
 
_SECTION_BEGIN("Heikin Ashi Smoothed");
per1=Param("MA1 period",6,1,10);
per2=Param("MA2 period",2,1,10);
/*
HaOpen = IIf(BarIndex()>0,(Ref((O+H+L+C)/4,-1) + Ref(O,-1))/2 ,Open);
HaClose = IIf(BarIndex()>0,((O+H+L+C)/4 +HaOpen+Max(H,HaOpen)+Min(L,HaOpen))/4,Close);
HaHigh = Max( H, Max( HaClose, HaOpen ) );
HaLow = Min( L, Min( HaClose, HaOpen ) );
*/
 
mO=MAFormula(O,per1,MAType);
mH=MAFormula(H,per1,MAType);
mL=MAFormula(L,per1,MAType);
mC=MAFormula(C,per1,MAType);
 
HaClose1 = IIf(BarIndex()>0,(MO+MH+ML+MC)/4,Close);
HaOpen1 = IIf(BarIndex()>0,AMA( Ref( HaClose1, -1 ), 0.5 ),Open);
 
HaClose=EMA(HaClose1,per2);
HaOpen=EMA(HaOpen1,per2);
 
HaHigh = Max( mH, Max( HaClose, HaOpen ) );
HaLow = Min(mL, Min( HaClose, HaOpen ) );
 
_SECTION_END();
 
//O=HaOpen;
//H=HaHigh;
//L=HaLow;
//C=HaClose;
 
//Plot( Close,"Price",colorBlack,styleCandle);
barcolor = IIf(HaClose >= HaOpen,colorGreen,colorRed);

PlotOHLC(HaOpen,HaHigh,HaLow,HaClose,"Price", barcolor, styleArea);
 
 _N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));

1 comments

1. kv_maligi

Very good Indicator

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