New "Heikin-Ashi candles" feature

Questions about MultiCharts and user contributed studies.
User avatar
geizer
Posts: 375
Joined: 16 Jun 2008
Has thanked: 40 times
Been thanked: 38 times

New "Heikin-Ashi candles" feature

Postby geizer » 24 Jan 2009

Please consider adding Heikin-Ashi candles to Multicharts next release.
Would be a real advantage to have it added to the core features in the next major Multicharts release.

The concept is very simple and covered here: http://www.educofin.com/ha/ha.html

Excel spreadsheet demonstrates the Heikin-Ashi vs regular candles using Yahoo! Finance data.

Any opinions on implementing?
Please cast your vote! :wink:

Regards,
Attachments
candlesticks-HA.xls
(1.05 MiB) Downloaded 262 times

User avatar
TJ
Posts: 6551
Joined: 29 Aug 2006
Location: Global Citizen
Has thanked: 966 times
Been thanked: 1892 times

Postby TJ » 25 Jan 2009

you can get it as a paint bar indicator

see #5 on the list:
http://www.elitetrader.com/vb/showthrea ... did=146049

User avatar
geizer
Posts: 375
Joined: 16 Jun 2008
Has thanked: 40 times
Been thanked: 38 times

Postby geizer » 25 Jan 2009

TJ,

Thank you for the link. Is Renko the same or similar to Heiken-Ashi?

I also coded the Heiken-Ashi candlesticks. Screenshot and EL code attached.



Critique and/or suggestions welcomed, as it's my first EL code ever.
Attachments
HeikenAshi.png
HeikenAshi.png (28.15 KiB) Viewed 442 times
heikinAshicandlesticks.zip
(1.37 KiB) Downloaded 142 times

User avatar
TJ
Posts: 6551
Joined: 29 Aug 2006
Location: Global Citizen
Has thanked: 966 times
Been thanked: 1892 times

Postby TJ » 26 Jan 2009

TJ,
Thank you for the link. Is Renko the same or similar to Heiken-Ashi?


no, they are not the same.

you can get an example of Renko from the link in prev post.
#6 on the list.
Last edited by TJ on 26 Jan 2009, edited 2 times in total.

User avatar
Marina Pashkova
Posts: 2758
Joined: 27 Jul 2007

Re: New "Heikin-Ashi candles" feature

Postby Marina Pashkova » 26 Jan 2009

Please consider adding Heikin-Ashi candles to Multicharts next release.
Would be a real advantage to have it added to the core features in the next major Multicharts release.

The concept is very simple and covered here: http://www.educofin.com/ha/ha.html

Excel spreadsheet demonstrates the Heikin-Ashi vs regular candles using Yahoo! Finance data.

Any opinions on implementing?
Please cast your vote! :wink:

Regards,


Hi geizer,

Heiken Ashi (and a number of other bar types) will be implemented in one of MC versions following Gold Release.


Return to “MultiCharts”