Heikin Ashi reversal points
This study plots higher time frames Heikin Ashi candles open values and creates clouds above/below those value. When lower timeframe candles enters this cloud - that is the turning point, where HTF Heiking Ashi candle change its color.
Script uses ALMA smoothing of current selected time period. When ALMA enters area, where HTF candles changes its color, then current candle is colored based on the possible next trend.
Script can be used for any time periods, but default values 4H ALMA , 3D (fast) and 1W(slow) Heikin candles.
Green candle = ALMA above both faster and slower HA candle reversal point.
Red candle = ALMA below both faster and slower HA candle reversal point.
Gray candle = indicision points - ALMA is between faster and slower HA candle reversal point.
To add further details - hull moving averages might be displayed, to support prediction of the next price trends.
Script was developed mainly for crypto
Script uses ALMA smoothing of current selected time period. When ALMA enters area, where HTF candles changes its color, then current candle is colored based on the possible next trend.
Script can be used for any time periods, but default values 4H ALMA , 3D (fast) and 1W(slow) Heikin candles.
Green candle = ALMA above both faster and slower HA candle reversal point.
Red candle = ALMA below both faster and slower HA candle reversal point.
Gray candle = indicision points - ALMA is between faster and slower HA candle reversal point.
To add further details - hull moving averages might be displayed, to support prediction of the next price trends.
Script was developed mainly for crypto