This indicator is designed for use on Heikin Ashi charts. Its purpose is to enable traders to benefit from price averaging and smoothing effects of Heikin Ashi candles whilst also enabling them to see the current real price line, and optionally, real price close dots on the Heikin Ashi candlesticks.
Features include:
- Optional real price line - Optional real price close dots - Customisable colours - Customisable line style - Customisable line width
What are Heikin Ashi candles?
Heikin Ashi means 'average bar' in Japanese, Heikin Ashi charts do not show real price as standard, due to the way the Open, High, Low and Close values are calculated using averages, This is done in order to create a smoother appearance and reduce the market 'noise'.
You can read more about Heikin Ashi candlesticks here.
NOTE:
- If real price dots appear behind the candles, you may need to select the triple dot menu on the indicator then select "Visual order" > "Bring to front" , so that the dots are shown above the candles. - When using this indicator on a Heikin Ashi chart, the standard Tradingview price line will not show accurate real price. Therefore when using the price line in this indicator, the standard price line should be disabled within the Tradingview 'Chart settings' dialog > 'Symbol' tab > uncheck 'Last', under the 'Price line' section.
Versionshinweise
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- Updated default colours. - Tidied up code.
Versionshinweise
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- Updated default colours from aqua blue to a more vibrant green.
Versionshinweise
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- Added size options for real close price dots. - Updated chart image.
Versionshinweise
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- Updated chart image.
Versionshinweise
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- Wording of the settings/options made consistent.
Versionshinweise
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- Added option for extend line. Enabled by default
Thanks alot Why not 2 dots for open and close and coloring for the open or close down or up and optional dot for low or high if it's hidden Thanks sincerly
PHVNTOM_TRADER
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@yahyathesuper, sounds like an interesting idea. Can you clarify what you mean again for me, you lost me there.
AtWitsEnd
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@PHVNTOM_TRADER, Just another dot for the open price would be a good start ;)
xbest23
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@PHVNTOM_TRADER, what about two dots, one for open and one for close? Great indicator nonetheless thanks!
cxyz177
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Hy great indicator, but this code is breaking, it's work fine for 5 to 10 min and after that the price line lags, the line stuck at a point for 5 to 6 sec and the price of instruments and this line don't sync perfectly, ( yes I'm using heikin ashi chart with show real price instead of heikin ashi price function on) so i have to remove and reapply it again and again, please if possible fix this issue, and i searched all trading view platform no one is providing this indicator except you,
pdev61
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Thank you tvenn...been looking for this. WELL DONE!