An indicator that draws Heikin-Ashi candles in a separate pane, calculated from the open, high, low and close of each bar and coloured green or red by direction.
The code also computes candle body and shadow measures such as average body size, shadow ratios and doji tests on the Heikin-Ashi values, which suggests candlestick pattern logic. The only setting is a neutral label colour. The visible code ends before any pattern output.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Label Color Neutral
color
color.gray
label_color_neutral
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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