[Auction Δxis] The unseen reality behind Intraday S/R

[Auction Δxis] The unseen reality behind Intraday S/R

Support & Resistance is not a property of indicators. It is a property of the market itself.

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Heiken-Ashi Smoothed

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✦  Latest additions to the ninZa.co ecosystem 

 

[08 Jul] Auction ∆xis: Pure Intraday Support & Resistance -  Explore solution
[25 Jun] Captain Optimus Strong v2: Trader feedback shaped this upgrade -  Explore solution
[22 Jun] Highway Fractal Zone:  Support & Resistance needs more than a swing - Explore solution
[12 Jun] ICT PhantomTrace:  Why most ICT traders keep falling short - Explore solution
[03 Jun] BigTrade Sweep: Detecting Big Trades in every candle - Explore solution
[08 May] New Horizon: A new standard in intraday automated trading ☀️ - Explore solution

Product Description

Gain a better viewpoint of trend with Heiken-Ashi Smoothed for NinjaTrader 8

Heiken-Ashi candle is a NinjaTrader 8 built-in bar type that is favored by its convenience for easily identifying trends. We now bring you a more comprehensive & enhanced version of this popular candle: Heiken-Ashi Smoothed.

First of all, you can optionally have the OHLC prices smoothed with any of 11 popular moving averages. We recommend using a low period for smoothing, such as EMA 6 or SMA 4.
Next, the indicator smooths out Heiken-Ashi candles by employing an "Open Weight" parameter, which determines how much weight is given to the previous Heiken-Ashi candle's open in the calculation of the current Heiken-Ashi candle's open. The higher the Open Weight, the larger the Heiken-Ashi candle body. Therefore, a higher Open Weight significantly reduces noisy changes in candle colors and then leads to a smoother Heiken-Ashi trend.

Unlike the built-in Heiken-Ashi candle in the NinjaTrader 8 platform which is only provided for some common bar types (minute, tick, volume, second, day, week, month, year), our Heiken-Ashi Smoothed indicator can be applied to any third-party bar types, such as the #1 mean renko bar for NinjaTrader 8 ninZaRenko.

Our NinjaTrader 8 Heiken-Ashi Smoothed indicator can be configured to appear separately on a sub-panel or show up on the main price panel. If placing it on the price panel, you can conveniently switch back & forth between the 2 bar types (Heiken-Ashi bars vs regular price bars) just by clicking an on-chart toggle button.

Moreover, traders are provided with a Heiken-Ashi body filter which allows deciding when a Heiken-Ashi bar is bullish, bearish, or neutral. If the body of a Heiken-Ashi bar meets a minimum value specified by users, the Heiken-Ashi bar is classified as bullish or bearish (depending on its direction). In contrast, it will be categorized as neutral when the body doesn’t satisfy that user-defined threshold.

From entry signals to exit strategies, our full collection of NinjaTrader indicators gives you everything you need to trade with precision and confidence.

Key Features

  • Plot Heiken-Ashi candle smoothed on a sub-panel or the same panel as price
  • Can be applied to any 3rd-party bar type
  • Allow smoothing the OHLC prices with 11 popular moving averages
  • Allow configuring "Open Weight"
  • Allow defining a body filter to identify neutral Heiken-Ashi candles
  • Paint bars to highlight where Heiken-Ashi candles are bullish/bearish
  • Paint background to highlight where Heiken-Ashi candles are bullish/bearish
  • Allow switching back & forth between regular price candles & Heiken-Ashi candles via a draggable & customizable toggle
  • Be NinjaScript ready for advanced usage, only restricted by your imagination
  • Expose dedicated NinjaScript signals

Dedicated NinjaScript Signals

  • Signal_HABias: 1 = bullish, -1 = bearish, 0 = neutral

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    - The indicator was released (built new).

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