OPEN-SOURCE SCRIPT
Heikin Ashi Color Change Alert
📈 Heikin Ashi Color Change Alert
This indicator detects color changes in Heikin Ashi candles and issues visual signals and alerts when a change is confirmed at bar close.
🔍 What it does:
Reconstructs Heikin Ashi candles directly from chart prices.
Detects when the color changes from bearish to bullish (or vice versa).
Prints a triangle symbol on the chart when the change occurs.
Allows you to set alerts so you never miss a potential reversal.
✅ How it works:
A bullish signal occurs when a red (bearish) Heikin Ashi candle is followed by a green (bullish) one.
A bearish signal occurs when a green (bullish) candle is followed by a red (bearish) one.
The detection is done only after the current candle is fully closed, ensuring cleaner signals.
🔔 Example Alerts:
"Heikin Ashi candle changed to bullish"
"Heikin Ashi candle changed to bearish"
This indicator is ideal for:
Traders who follow price action
Those who want to filter trends
Anyone who uses Heikin Ashi to smooth market noise and detect reversals
This indicator detects color changes in Heikin Ashi candles and issues visual signals and alerts when a change is confirmed at bar close.
🔍 What it does:
Reconstructs Heikin Ashi candles directly from chart prices.
Detects when the color changes from bearish to bullish (or vice versa).
Prints a triangle symbol on the chart when the change occurs.
Allows you to set alerts so you never miss a potential reversal.
✅ How it works:
A bullish signal occurs when a red (bearish) Heikin Ashi candle is followed by a green (bullish) one.
A bearish signal occurs when a green (bullish) candle is followed by a red (bearish) one.
The detection is done only after the current candle is fully closed, ensuring cleaner signals.
🔔 Example Alerts:
"Heikin Ashi candle changed to bullish"
"Heikin Ashi candle changed to bearish"
This indicator is ideal for:
Traders who follow price action
Those who want to filter trends
Anyone who uses Heikin Ashi to smooth market noise and detect reversals
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.