OPEN-SOURCE SCRIPT
Kyokutan-Ashi
◈ Description
The Kyokutan-Ashi is a unique indicator designed to visualize the exact price deviation (noise) that standard Heikin-Ashi (HA) calculations normally smooth out and hide. By completely stripping away the trend component, it isolates pure market volatility and overextension.
◈ The Math Behind It (Why this calculation & Expected Output)
The core logic subtracts the Heikin-Ashi values from standard Japanese candlestick values. The purpose of this calculation is to extract the pure "difference" (noise) between the actual price and the smoothed trend, and then reconstruct it based on a chosen anchor point.
【 Calculation Example 】
[ Step 1: Calculate current HA values ]
haClose = (100 + 105 + 95 + 102) / 4.0 = 100.5
haOpen = (98 + 100) / 2.0 = 99
[ Step 2: Extract pure deviation (Why we do this) ]
Subtract HA from standard values to isolate the noise.
rawOpen = 100 - 99 = 1
rawClose = 102 - 100.5 = 1.5
[ Step 3: Reconstruct the extreme candle ]
Add the isolated noise to the baseline (Anchor = Open: 100).
antiOpen = 100 + 1 = 101
antiClose = 100 + 1.5 = 101.5
【 Actual Output 】
A small bullish candle from 101 to 101.5 is plotted on the chart. Although the actual price moved from 100 to 102, removing the trend component reveals that the "pure overextension" (deviation) is only 0.5.
◈ Key Features
◈ Why Use It
Use it in combination with other charts or indicators to extract your own unique noise and trading edges. When Kyokutan-Ashi prints unusually large candles, it signals that the actual price is violently snapping away from the smoothed trend — often indicating exhaustion, potential mean-reversion, or hidden volatility.
◈ Author's Note
While Kyokutan-Ashi was developed independently to address the loss of actual price data in Heikin-Ashi, I later discovered "BERLIN Candles" by lejmer. He had already recognized this critical issue and beautifully engineered a hybrid solution long before I did. I want to express my deepest respect for his foresight and pioneering work in tackling this specific problem.
The Kyokutan-Ashi is a unique indicator designed to visualize the exact price deviation (noise) that standard Heikin-Ashi (HA) calculations normally smooth out and hide. By completely stripping away the trend component, it isolates pure market volatility and overextension.
◈ The Math Behind It (Why this calculation & Expected Output)
The core logic subtracts the Heikin-Ashi values from standard Japanese candlestick values. The purpose of this calculation is to extract the pure "difference" (noise) between the actual price and the smoothed trend, and then reconstruct it based on a chosen anchor point.
【 Calculation Example 】
- Current actual candle: open = 100, high = 105, low = 95, close = 102
- Previous HA candle: haOpen[1] = 98, haClose[1] = 100
- Settings: Anchor Point = "Open", Multiplier = 1.0
[ Step 1: Calculate current HA values ]
haClose = (100 + 105 + 95 + 102) / 4.0 = 100.5
haOpen = (98 + 100) / 2.0 = 99
[ Step 2: Extract pure deviation (Why we do this) ]
Subtract HA from standard values to isolate the noise.
rawOpen = 100 - 99 = 1
rawClose = 102 - 100.5 = 1.5
[ Step 3: Reconstruct the extreme candle ]
Add the isolated noise to the baseline (Anchor = Open: 100).
antiOpen = 100 + 1 = 101
antiClose = 100 + 1.5 = 101.5
【 Actual Output 】
A small bullish candle from 101 to 101.5 is plotted on the chart. Although the actual price moved from 100 to 102, removing the trend component reveals that the "pure overextension" (deviation) is only 0.5.
◈ Key Features
- Pure Deviation Visualization: Shows only how far the actual price is stretching away from the Heikin-Ashi smoothed price.
- Anchor & Base Settings: Choose where to project the deviation (Open, Close, or HL2).
- Deviation Multiplier: Scale the noise up or down to easily spot extreme market extensions.
- Chart-Type Independent: Built with robust data handling. Even if you change your main chart view to Heikin-Ashi, Renko, or Kagi, Kyokutan-Ashi always forcefully retrieves standard raw price data in the background to guarantee accurate deviation calculations.
◈ Why Use It
Use it in combination with other charts or indicators to extract your own unique noise and trading edges. When Kyokutan-Ashi prints unusually large candles, it signals that the actual price is violently snapping away from the smoothed trend — often indicating exhaustion, potential mean-reversion, or hidden volatility.
◈ Author's Note
While Kyokutan-Ashi was developed independently to address the loss of actual price data in Heikin-Ashi, I later discovered "BERLIN Candles" by lejmer. He had already recognized this critical issue and beautifully engineered a hybrid solution long before I did. I want to express my deepest respect for his foresight and pioneering work in tackling this specific problem.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
Script Developer.
I specialize in pushing basic, fundamental concepts to their absolute limits. Dedicated to engineering noise-free indicators that reveal true market mechanics and logical edges. Clarity over
I specialize in pushing basic, fundamental concepts to their absolute limits. Dedicated to engineering noise-free indicators that reveal true market mechanics and logical edges. Clarity over
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
Script Developer.
I specialize in pushing basic, fundamental concepts to their absolute limits. Dedicated to engineering noise-free indicators that reveal true market mechanics and logical edges. Clarity over
I specialize in pushing basic, fundamental concepts to their absolute limits. Dedicated to engineering noise-free indicators that reveal true market mechanics and logical edges. Clarity over
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。