haDelta

2022년 2월 14일

This Indicator is based on Mr. Dan Valcu ideas.
Bodies of candles(open-close) are the main component used to indicate and assess trend direction, strength, and reversals.

The indicator measures difference between Heikin Ashi close and open.
Measuring the height of candle bodies leads to extreme values that point to trend slowdowns. Thus quantifies Heikin Ashi to get earlier signals.
I used this indicator on Heiken Ashi charts but, it's possible to choose to calculate Body size based on Heiken Ashi or Candles.

haDelta can be smoothed with a simple moving average.

We see that crossings between the haDelta and SMA confirm trend
changes with an anticipated delay introduced by each average. Crossings between the indicator and its average are better
confirmations of trend changes.

When Delta crosses above SMA it is an uptrend.
When Delta crosses below SMA it is a downtrend.

Default haDelta smoothed value is by applying 3 periods SMA.
Also, it is possible to deactivate SMA and see just The Delta Values.

In this indicator can choose the MA period and type.

2022년 3월 3일

릴리즈 노트

This version has an option that makes it possible to draw dynamic levels. By choosing Dynamic from levels Type and set your preferred length.
The Length value is the max value in the past candles that are used to draw the levels.

2022년 4월 19일

릴리즈 노트

In this version, I added the Z-score level. By choosing z-score areas the z-score is above 2 or below -2 shown by colors. I also added Alert ability into the indicator. The alert has two modes. First, when level type equals Z-Score it shows signals where delta cross ma and Z-Score are below or above high and low levels.
The second mode is when the level type is not Z-Score it shows delta cross ma.

2022년 5월 5일

릴리즈 노트

Minor bug fix.
(The color change in the style section for customization)