heiken ashi - Trading Software

heiken ashi

allan nathan
2012-10-03 16:58:19

hi,
I plotted a simple indicator to show when the heiken ashi close>heiken ashi open

HaOpen = (Ref( Close, 1 )+ Ref(Open,1))/2;
haclose=(open+high+low+close)/4;
Hatrue = Iff(haclose > haopen,1,0);
Plot(Hatrue,"Hatrue",colorRed,ChartLine);
UpdateColor(haclose>haopen,blue);

The problem is,my code does not match up with the default heken ashi chart provided by QS.YFrom visual inspection,its clear we are defining things a bit differently.
There are many versions of code for heiken ashi depending on
how one uses modifiedclose and opens in the formula.could you tell me how you define HaOpen and Haclose?

also,when i plot,is there an option to plot "candles" as in stylecandle?

Allan

QuantShare
2012-10-03 18:54:04

Hi,

HaClose is the same.
HaOpen = 0.5 * HaClose + 0.5 * Ref(Open,1);

To plot candles, type your "heiken ashi" formula and use Bar chart style.

allan nathan
2012-10-03 19:28:01

where can i read on plotstyle options?
i cant find anything

Allan

QuantShare
2012-10-04 10:57:36

To change a chart style, select "View -> Chart Style".

allan nathan
2012-10-04 13:30:24

thank you,but i am referring to formulas such as

Plot(op1, name()."/".symbol1, colorBlack, ChartLine, StyleSymbolNone);

and specifically Charline,Stylesymbolnone

Is there any documentation on the various Plot options?

QuantShare
2012-10-04 13:51:04

Best Answer

Click on "ChartLine" text then use CONTROL+SPACE to display the list of available options.

allan nathan
2012-10-04 16:39:49

Thank you,thats helpful..are there any definitions for the "Style"?
Is it necessary to indicate "Style"

Thank you,

Allan

QuantShare
2012-10-04 17:44:42

You can use the same CONTROL+SPACE shortcut to show different styles.

allan nathan
2012-10-04 22:20:21

Hi,
I found all the answers to Plot in the QS Documentation under Charting sec 1.3
Thanks for all the help

Allan

allan nathan
2012-10-06 15:44:04

what do you use for hahigh and halow?

I use

HaHigh = Max( High, Max( HaClose, HaOpen ) );
HaLow = Min( Low, Min( HaClose, HaOpen ) );

GS
2012-10-07 05:42:46

Please refer to the following link:

http://www.quantshare.com/title-446-chart-types&kbaseid=forum-446-824-470

allan nathan
2012-10-07 15:13:15

If I reference the formula in the link vs the Heiken Ashi Chart in QuantShare,there appears to be a one day mismatch in the HaOpen between the formula below and the Open on the default Heiken AQshi chart.Specifically,the HaOpen on the default chart does not equal the HaOpen from the formula below.The OPEN of the default Chart i= the HaOpen of the formula below for the next day.It is off by one day.That affects all the other values.If one plots the formula below on a candlestick chart(not Heiken ashi),and compares that with the default Heiken Ashi,you should notice the one day discrepency

HaClose = (open + high + low + close)/4;
HaOpen = AMA( Ref( HaClose, 1 ), 0.5 );
HaHigh = Max( high, Max( HaClose, HaOpen ) );
HaLow = Min( low, Min( HaClose, HaOpen ) );
xDiff = (HaHigh - Halow) * 10000;
PlotCandleStick1( HaOpen, HaHigh, HaLow, HaClose, "", colorRed, StyleSymbolNone );
UpdateColor(HaClose >= HaOpen, colorGreen);

allan nathan
2012-10-07 15:23:22

Please note,the formula QS gave for HaOpen

HaOpen = 0.5 * HaClose + 0.5 * Ref(Open,1);

does not appear to match the formula in the link

HaOpen = AMA( Ref( HaClose, 1 ), 0.5 );

Allan

GS
2012-10-07 15:55:28

I agree and only QS can answer, because both the formulae are suggested by QS.

Thanks for pointing this out, appreciated.

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