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.
Informacje o Wersji
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update to v4.
Informacje o Wersji
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Corrected the 'Heikin Ashi close' calculation, I forgot to adjust it and never noticed it!