OPEN-SOURCE SCRIPT
Faster Heikin Ashi
Faster Heikin Ashi
The Faster Heikin Ashi improves traditional Heikin Ashi candles by introducing advanced weighting mechanisms and lag reduction techniques. While maintaining the price smoothing benefits of standard Heikin Ashi, this enhanced version delivers faster signals and responsiveness.
Key Features
Unified Responsiveness Control
Advanced Weighted Calculations
Enhanced Open Calculation
Four-Color Scheme
- 🟢 **Lime**: Strong bullish momentum
- 🔴 **Red**: Strong bearish momentum
- 🟢 **Green**: Moderate bullish
- 🔴 **Maroon**: Moderate bearish
How It Works
Traditional Heikin Ashi smooths price action but often lags behind real market movements. This enhanced version:
1. Weights price components based on their predictive value
2. Accelerates trend transitions through advanced open calculations
3. Scales all enhancements through a single responsiveness parameter
4. Maintains smoothing benefits while reducing lag
Responsiveness (0.1 - 1.0)
The Faster Heikin Ashi improves traditional Heikin Ashi candles by introducing advanced weighting mechanisms and lag reduction techniques. While maintaining the price smoothing benefits of standard Heikin Ashi, this enhanced version delivers faster signals and responsiveness.
Key Features
Unified Responsiveness Control
- Single parameter (0.1 - 1.0) controls all responsiveness aspects
- Eliminates conflicting settings found in other enhanced HA indicators
- Intuitive scaling from conservative (0.1) to highly responsive (1.0)
Advanced Weighted Calculations
- Smart Close Weighting: Close prices receive 2-3x more influence for faster trend detection
- Dynamic OHLC Processing: All price components are intelligently weighted based on responsiveness setting
- Balanced High/Low Emphasis: Maintains price level accuracy while improving speed
Enhanced Open Calculation
- Transition Speed: Open prices "catch up" to market movements faster
- Lag Reduction Algorithm: Eliminates the typical delay in Heikin Ashi open calculations
- Smooth Integration: Maintains visual continuity while improving responsiveness
Four-Color Scheme
- 🟢 **Lime**: Strong bullish momentum
- 🔴 **Red**: Strong bearish momentum
- 🟢 **Green**: Moderate bullish
- 🔴 **Maroon**: Moderate bearish
How It Works
Traditional Heikin Ashi smooths price action but often lags behind real market movements. This enhanced version:
1. Weights price components based on their predictive value
2. Accelerates trend transitions through advanced open calculations
3. Scales all enhancements through a single responsiveness parameter
4. Maintains smoothing benefits while reducing lag
Responsiveness (0.1 - 1.0)
- 0.1 - 0.3: Conservative, maximum smoothing
- 0.4 - 0.6: Balanced, good for swing trading and trend following
- 0.7 - 1.0: Aggressive, fast signals, suitable for scalping and active trading
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
discord.gg/REapC6SGtz
b3artrades@gmail.com
b3artrades@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
discord.gg/REapC6SGtz
b3artrades@gmail.com
b3artrades@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.