Hi Bruce,

Can you provide me with a 2 hour and 4 hour pcf for Heiken Ashi that I can use to create an alert when value falls below previous 2 and 4 hour bar and also rises above 2 and 4 hour bar.

Finally can you include the Heiken Ashi formula.

Thanks 

So I replied with what I thought was the most obvious response in the Heiken Ashi topic.

That said, falls below could mean lots of different things. It could require the HA close to be below the HA low of the previous bar. It could mean the high of the current HA bar is above the HA Close but the current HA close is below the previous HA close. It could probably mean other things as well. I really need additional clarification as to the intent of the question to provide a different answer.

A formula for the Open of TC2000 version 12.4's Heiken-Ashi candles would be:

(XAVGO3.1 + XAVGH3.1 + XAVGL3.1 + XAVGC3.1) / 4

A formula for the High of TC2000 version 12.4's Heiken-Ashi candles would be:

(H + (XAVGO3.1 + XAVGH3.1 + XAVGL3.1 + XAVGC3.1) / 4 + ABS(H - (XAVGO3.1 + XAVGH3.1 + XAVGL3.1 + XAVGC3.1) / 4)) / 2

A formula for the Low of TC2000 version 12.4's Heiken-Ashi candles would be:

(L + (XAVGO3.1 + XAVGH3.1 + XAVGL3.1 + XAVGC3.1) / 4 - ABS(L - (XAVGO3.1 + XAVGH3.1 + XAVGL3.1 + XAVGC3.1) / 4)) / 2

A formula for the Close of TC2000 version 12.4's Heiken-Ashi candles would be:

(O + H + L + C) / 4

Hi Bruce,

Sorry about that I get confused trying to navigate my way around these discussion forums.

Bascically I want to set up alerts similar to the Heiken Ashi chart signals, ie corresponding to standard colours on these charts, namely red bar when bearish and green when bullish.

Thanks

So you want a bullish fomula for when the HA Close is above the HA Open.

O + H + L + C > XAVGO3.1 + XAVGH3.1 + XAVGL3.1 + XAVGC3.1

And a bearish formula for when the HA Close is below the HA Open?

O + H + L + C < XAVGO3.1 + XAVGH3.1 + XAVGL3.1 + XAVGC3.1

Thats it.

Thanks Bruce. Apologies again for the confusion.

You're welcome.