This indicator calculates the difference between Heikin-Ashi close and open values to quantify directional candle spread. It smooths this delta value using a simple moving average and plots the resulting oscillator as a line in a separate pane. Traders can cus
Indicator · Pine Script v5 · Own pane
Nilmiya Heikin Ashi
Nilmiya Heikin Ashi calculates and plots custom Heikin Ashi candlesticks in a separate indicator pane below the main chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code8
Settings0inputs
LicenceNone stated
Last update3 years ago13 Apr 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Nilmiya Heikin Ashi fetches the smoothed open, high, low, and close values for the active symbol and timeframe using security calls. Bullish bars where the open is below the close are rendered in green, while bearish bars are rendered in red. This provides a clear visualization of price trends and momentum detached from standard price candles.
- Heikin Ashi candlestick rendering
- Separate window pane display
- Color-coded bullish and bearish candles
Details
Published by
jubayernil on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Candlestick patterns, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
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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