An indicator on the price chart that builds smoothed average prices from a Heikin Ashi style open, high, low and close, then compares a smoothed close with a smoothed open.
Green or red shading marks which is higher, and a buy or sell triangle appears when the trend turns and the close clears an earlier reference level by a sensitivity amount. It also plots buy and sell flags, trend flags and trend strength as numeric series for external use.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
WTP Length
int
10
wtpLength
Sensitivity
int
0
sensitivity
Scale
int
1
scale
Distance
int
100
distance
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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