Category Trend  Published on 23/03/2015

Heikin Ashi Color Candles (HAcc)

Description

Normal candles with Heikin Ashi (HA) colors.  When HA would be green we have light and dark green candles (or whatever colors you want), when HA would be red we have light and dark red candles.  

The idea is that HA candles hide the way the candles really look.  So here the HA color is preserved which is a trend signal, but the candle shape is preserved for purposes of price action analysis.  The code was adapted from the Heikin Ashi code at this site.

You will want to adjust your chart colors so that bull and bear outlines are the same color as your background.  That way you won't see any vestiges of the original candle underneath.


using System;
using cAlgo.API;
using cAlgo.API.Indicators;

namespace cAlgo.Indicators
{
    [Indicator(IsOverlay = true, AccessRights = AccessRights.None)]
    public class HeikinAshiColorCandles : Indicator
    {

//ADD HA
        private IndicatorDataSeries _haOpen;
        private IndicatorDataSeries _haClose;
//END HA

        [Parameter("Candle width", DefaultValue = 5)]
        public int CandleWidth { get; set; }

        [Parameter("Wick width", DefaultValue = 1)]
        public int WickWidth { get; set; }

        [Parameter("Above up color", DefaultValue = "LimeGreen")]
        public string AboveUpColor { get; set; }

        [Parameter("Above down color", DefaultValue = "DarkGreen")]
        public string AboveDownColor { get; set; }

        [Parameter("Below up color", DefaultValue = "Tomato")]
        public string BelowUpColor { get; set; }

        [Parameter("Below down color", DefaultValue = "Crimson")]
        public string BelowDownColor { get; set; }

        private Colors _AboveUpColor;
        private Colors _AboveDownColor;
        private Colors _BelowUpColor;
        private Colors _BelowDownColor;
        private Colors color;

        private bool _incorrectColors;
        private Random _random = new Random();

        protected override void Initialize()
        {


            _haOpen = CreateDataSeries();
            _haClose = CreateDataSeries();


            if (!Enum.TryParse<Colors>(AboveUpColor, out _AboveUpColor) || !Enum.TryParse<Colors>(AboveDownColor, out _AboveDownColor) || !Enum.TryParse<Colors>(BelowUpColor, out _BelowUpColor) || !Enum.TryParse<Colors>(BelowDownColor, out _BelowDownColor))
                _incorrectColors = true;
        }

        public override void Calculate(int index)
        {
            if (_incorrectColors)
            {
                var errorColor = _random.Next(2) == 0 ? Colors.Red : Colors.White;
                ChartObjects.DrawText("Error", "Incorrect colors", StaticPosition.Center, errorColor);
                return;
            }


            var open = MarketSeries.Open[index];
            var high = MarketSeries.High[index];
            var low = MarketSeries.Low[index];
            var close = MarketSeries.Close[index];


            var haClose = (open + high + low + close) / 4;
            double haOpen;
            if (index > 0)
                haOpen = (_haOpen[index - 1] + _haClose[index - 1]) / 2;
            else
                haOpen = (open + close) / 2;

            var haHigh = Math.Max(Math.Max(high, haOpen), haClose);
            var haLow = Math.Min(Math.Min(low, haOpen), haClose);


            if (haOpen < haClose)
                color = open > close ? _AboveDownColor : _AboveUpColor;

            if (haOpen > haClose)
                color = open > close ? _BelowDownColor : _BelowUpColor;


            ChartObjects.DrawLine("candle" + index, index, open, index, close, color, CandleWidth, LineStyle.Solid);
            ChartObjects.DrawLine("line" + index, index, high, index, low, color, WickWidth, LineStyle.Solid);


            _haOpen[index] = haOpen;
            _haClose[index] = haClose;

        }
    }
}


FO
foreman01

Joined on 04.07.2014

  • Distribution: Free
  • Language: C#
  • Trading platform: cTrader Automate
  • File name: Heikin Ashi Color Candles (HAcc).algo
  • Rating: 5
  • Installs: 8427
  • Modified: 13/10/2021 09:54
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