HAZZONES detects strong bullish and bearish trends by counting consecutive Heikin Ashi candles that meet specific body and wick conditions. Up to 15 support and 15 resistance zones can be drawn with customizable colors and transparency. Mitigated zones appear in gray when enabled. Zones update based on the selected timeframe and heikin ashi version. It draws directly on the main price chart without separate panes.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Maximum # of Support Zones
int
15
maxNumOfSupBoxes
Maximum # of Resistance Zones
int
15
maxNumOfResBoxes
Number of bull/bear HA candles
int
5
numBullBearHA
Timeframe
timeframe
tf
Support Zone Color
color
color.new(color.green, 80)
supBoxColor
Support Zone Border Color
color
color.new(color.green, 70)
supBoxBorderColor
Resistance Zone Color
color
color.new(color.red, 80)
resBoxColor
Resistance Zone Border Color
color
color.new(color.red, 70)
resBoxBorderColor
Show mitigated zones?
bool
true
showMitigatedZones
Mitigated Resistance Zone Color
color
color.new(color.gray, 85)
mitResBoxColor
Mitigated Resistance Zone Border Color
color
color.new(color.red, 70)
mitResBoxBorderColor
Mitigated Support Zone Color
color
color.new(color.gray, 85)
mitSupBoxColor
Show all 13 settings
Setting
Type
Default
Variable
Mitigated Support Zone Border Color
color
color.new(color.green, 70)
mitSupBoxBorderColor
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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