OPEN-SOURCE SCRIPT

Heikin Ashi inside candle breakout signal

Actualizado


Heikin Ashi Inside Candle Breakout Signal

This custom Pine Script indicator displays Heikin Ashi candles alongside breakout signals based on inside bars. Inside bars occur when the current candle's high is lower than the previous candle's high, and the current candle's low is higher than the previous candle's low. These inside bars indicate a consolidation period, often followed by a strong breakout in either direction.

Key Features:

Heikin Ashi Candles: The indicator plots Heikin Ashi candles, which are calculated using the open, high, low, and close values of the regular candlesticks, providing a smoothed representation of price action.

Green Candles: Indicate bullish price action (when the Heikin Ashi close is higher than the open).

Red Candles: Indicate bearish price action (when the Heikin Ashi close is lower than the open).


Inside Bar Condition: Identifies when a candle's high is lower than the previous high, and its low is higher than the previous low. This signifies a consolidation pattern that might be followed by a breakout.

Breakout Signals:

Buy Signal: Triggered when the price breaks above the previous high after an inside bar.

Sell Signal: Triggered when the price breaks below the previous low after an inside bar.


Background Color: The chart background color is shaded to indicate the presence of inside bars, making it easy to spot consolidation zones.


How to Use:

Buy Signal: A breakout above the previous high is a potential buy signal.

Sell Signal: A breakout below the previous low is a potential sell signal.


This indicator is ideal for traders looking to capture breakouts after periods of consolidation. It can be used for both short-term and long-term trading strategies.




Notas de prensa


Heikin Ashi Inside Candle Breakout Signal

This custom Pine Script indicator displays Heikin Ashi candles alongside breakout signals based on inside bars. Inside bars occur when the current candle's high is lower than the previous candle's high, and the current candle's low is higher than the previous candle's low. These inside bars indicate a consolidation period, often followed by a strong breakout in either direction.

Key Features:

Heikin Ashi Candles: The indicator plots Heikin Ashi candles, which are calculated using the open, high, low, and close values of the regular candlesticks, providing a smoothed representation of price action.

Green Candles: Indicate bullish price action (when the Heikin Ashi close is higher than the open).

Red Candles: Indicate bearish price action (when the Heikin Ashi close is lower than the open).


Inside Bar Condition: Identifies when a candle's high is lower than the previous high, and its low is higher than the previous low. This signifies a consolidation pattern that might be followed by a breakout.

Breakout Signals:

Buy Signal: Triggered when the price breaks above the previous high after an inside bar.

Sell Signal: Triggered when the price breaks below the previous low after an inside bar.


Background Color: The chart background color is shaded to indicate the presence of inside bars, making it easy to spot consolidation zones.


How to Use:

Buy Signal: A breakout above the previous high is a potential buy signal.

Sell Signal: A breakout below the previous low is a potential sell signal.


This indicator is ideal for traders looking to capture breakouts after periods of consolidation. It can be used for both short-term and long-term trading strategies.



check my other indicator link below
patreon.com/Pradeep262899
Notas de prensa
Fix bugs
Candlestick analysisPine utilitiesstatistics

Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?


También en:

Exención de responsabilidad