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Brucem
Posted : Thursday, January 17, 2019 9:18:15 PM
Registered User
Joined: 12/27/2010
Posts: 30

Is there a way to write a condition to convert OHLC values of previous bar into a Heiken Ashi bar?

What I am trying to do is identify the first bar in an uptrend that does not have a lower wick

coming out of a transition phase.It is easily identified on a HA chart but can that be converted to a PDF

condition to be placed in a watch list?

Bruce_L
Posted : Tuesday, January 22, 2019 9:24:44 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

A condition formula for an HA candle with no lower wick can be written as follows.

4 * L >= XAVG(O1 + H1 + L1 + C1, 3)

And a condition formula far an HA candlie with a lower wick can be written as follows

4 * L < XAVG(O1 + H1 + L1 + C1, 3)

So if you want to check if the current candle is the first one without a lower wick in v18:

TrueInRow(4 * L >= XAVG(O1 + H1 + L1 + C1, 3), 2) = 1

And in earlier versions:

4 * L >= XAVG(O1 + H1 + L1 + C1, 3) AND 4 * L1 < XAVG(O2 + H2 + L2 + C2, 3)



-Bruce
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