OPEN-SOURCE SCRIPT
HeikenAshi Trend Lite
The HeikenAshi Trend Lite indicator displays double-smoothed Heikin-Ashi candles on the current timeframe as a trend overlay. By applying two passes of EMA smoothing to Heikin-Ashi calculations, it filters out market noise to reveal clean trend direction.
█ USAGE
Reading the Trend
The indicator draws a filled ribbon representing the smoothed Heikin-Ashi body. When the smoothed HA close is above the smoothed HA open, the ribbon is bullish. When below, it is bearish. The body uses a semi-transparent fill, while the wick range is drawn with a lighter shade, creating a layered visual.
Color changes represent confirmed trend shifts after double smoothing has absorbed enough price data. This filtering eliminates most false signals from choppy conditions.
█ DETAILS
The calculation follows three steps:
1 — EMA smoothing of raw OHLC values
2 — Heikin-Ashi transformation of the smoothed values
3 — Second EMA pass on the resulting HA values
This double-smoothing approach reduces noise effectively while maintaining less lag than equivalent single-pass smoothing with very long periods.
█ SETTINGS
• EMA Length: Period for the first EMA smoothing pass (default: 10).
• Smoothing Length: Period for the second EMA pass (default: 10).
• Bullish / Bearish Color: Customizable trend colors.
• Show Candles: Display traditional HA candle bodies alongside the ribbon.
This indicator uses synthetic Heikin-Ashi values that do not represent actual traded prices. It does not constitute financial advice. Past performance does not guarantee future results.
█ USAGE
Reading the Trend
The indicator draws a filled ribbon representing the smoothed Heikin-Ashi body. When the smoothed HA close is above the smoothed HA open, the ribbon is bullish. When below, it is bearish. The body uses a semi-transparent fill, while the wick range is drawn with a lighter shade, creating a layered visual.
Color changes represent confirmed trend shifts after double smoothing has absorbed enough price data. This filtering eliminates most false signals from choppy conditions.
█ DETAILS
The calculation follows three steps:
1 — EMA smoothing of raw OHLC values
2 — Heikin-Ashi transformation of the smoothed values
3 — Second EMA pass on the resulting HA values
This double-smoothing approach reduces noise effectively while maintaining less lag than equivalent single-pass smoothing with very long periods.
█ SETTINGS
• EMA Length: Period for the first EMA smoothing pass (default: 10).
• Smoothing Length: Period for the second EMA pass (default: 10).
• Bullish / Bearish Color: Customizable trend colors.
• Show Candles: Display traditional HA candle bodies alongside the ribbon.
This indicator uses synthetic Heikin-Ashi values that do not represent actual traded prices. It does not constitute financial advice. Past performance does not guarantee future results.
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。