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Have a greater perspective of trend with NinjaTrader 8 Heiken Ashi Smoothed
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
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.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
- Signal_HABias: 1 = bullish, -1 = bearish, 0 = neutral
Instruments: futures, stocks, indices
Interval types: timebased or non-timebased, standard or custom
Chart styles: whatever
Ready to use out of the box
Fully configurable & customizable with ease
- 25 Oct 2022 - The indicator was released (build new).
Heiken-Ashi Smoothed $$5 5BM100%Indicators Provide Great Value For Traders - Outstanding Customer Support!
ninZa.co indicators provide great tools and value for traders. Their products work very well and their customer support, especially Hannah is outstanding. Cannot recommend them enough. Very satisfied!!!
These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.
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