Duyck

Range Candles - JD

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This tool takes a "RANGE" chart and transforms it into "NORMAL" or "HEIKEN-ASHI" candles.
Instantly giving you a much better visual interpretation of the "range" information!!!

NOTE: due to the nature of Pinescript and how range charts are constructed it's possible the candles are not formed on every tick!!!
When formed though, they don't repaint and are calculated differently for every bar so you get approximately the most accurate view at the price action that Tradingview can offer you!

For compasrison:
this is a view of the "1 minute" chart:

this is the normal "1 range" chart without the candles

this is the same "1 range" chart with Heiken-Ashi candles

this is the normal "1000 range" chart (+/- equal to the 1 minute) without the candles

this is the same "1000 range" chart with Heiken-Ashi candles


JD .

#NotTradingAdvice #DYOR

Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!

I build these indicators for myself and provide them open source, to use for free to use and improve upon,
as I believe the best way to learn is toghether.
Notas de prensa: update to v4.
Notas de prensa: Corrected the 'Heikin Ashi close' calculation, I forgot to adjust it and never noticed it!

Thanks @Nuno_R for pointing it out!

Gr, JD.
Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con las Normas internas. Puede marcarlo como favorito para usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?
Disclaimer.
I AM NOT A FINANCIAL ADVISOR.
THESE IDEAS ARE NOT ADVICE AND ARE FOR EDUCATION PURPOSES ONLY.
ALWAYS DO YOUR OWN RESEARCH!
JD.

You can contact me for info/access in PM or on Telegram: @jduyck
PLS, DON'T ASK FOR ACCESS IN THE COMMENT SECTION!

Comentarios

Very nice work there buddy! tnx
+1 Responder
Duyck perx
@perx, Thanks
Responder
Awesome Great work.

One question : at line 36 you write
close_range_HA:=(open_range_HA+close)/2
but with heiken Ashi
Close= (Open+High+Low+Close)/4
it it correct?
Responder
Duyck Nuno_R
@Nuno_R, Oh yeah, you're totally right, I copied the 'ha open' code and never noticed I forgot to adjust it for the 'ha close',...

Thx.

I'll update!

Gr, JD.
Responder
Thank you much!
Responder
Duyck allthingschange2019
@allthingschange2019, My pleasure.
Responder
Really nice ! Thanks a lot
Responder
Duyck LTH75
@LTH75, ty!
Responder
Very interesting, thanks!
Responder
Duyck wroclai
@wroclai, TY
Responder
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