OPEN-SOURCE SCRIPT
stelaraX - Heikin Ashi
stelaraX – Heikin Ashi
stelaraX – Heikin Ashi is a price-smoothing indicator that transforms standard candlestick data into Heikin Ashi candles. By averaging price values, it reduces market noise and makes trend direction and momentum easier to read directly on the chart.
This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com
Core logic
Heikin Ashi candles are calculated using averaged price values instead of raw open and close data.
Each candle is derived from:
* averaged open based on the previous Heikin Ashi candle
* averaged close based on the current candle’s OHLC values
* high and low adjusted to reflect the full price range
This calculation smooths price action and filters out short-term volatility, allowing trends to appear more consistent and structured.
Visualization
The script plots custom Heikin Ashi candles directly on the price chart:
* bullish candles displayed in a configurable bullish color
* bearish candles displayed in a configurable bearish color
* candle bodies, wicks, and borders are fully color-aligned
The result is a clean and uniform visual representation of trend strength and direction.
Use case
This indicator is intended for:
* identifying and following market trends
* reducing noise in choppy market conditions
* improving trend clarity for discretionary trading
* confirming trend direction in combination with other indicators
* simplifying price structure for higher-level analysis
For traders who want to combine smoothed price action with modern AI-driven chart analysis, additional tools and insights are available at stelarax.com
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
stelaraX – Heikin Ashi is a price-smoothing indicator that transforms standard candlestick data into Heikin Ashi candles. By averaging price values, it reduces market noise and makes trend direction and momentum easier to read directly on the chart.
This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com
Core logic
Heikin Ashi candles are calculated using averaged price values instead of raw open and close data.
Each candle is derived from:
* averaged open based on the previous Heikin Ashi candle
* averaged close based on the current candle’s OHLC values
* high and low adjusted to reflect the full price range
This calculation smooths price action and filters out short-term volatility, allowing trends to appear more consistent and structured.
Visualization
The script plots custom Heikin Ashi candles directly on the price chart:
* bullish candles displayed in a configurable bullish color
* bearish candles displayed in a configurable bearish color
* candle bodies, wicks, and borders are fully color-aligned
The result is a clean and uniform visual representation of trend strength and direction.
Use case
This indicator is intended for:
* identifying and following market trends
* reducing noise in choppy market conditions
* improving trend clarity for discretionary trading
* confirming trend direction in combination with other indicators
* simplifying price structure for higher-level analysis
For traders who want to combine smoothed price action with modern AI-driven chart analysis, additional tools and insights are available at stelarax.com
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.