{"id":1314,"date":"2019-10-21T18:33:36","date_gmt":"2019-10-21T17:33:36","guid":{"rendered":"https:\/\/pjsmith.me.uk\/?p=1314"},"modified":"2023-05-01T20:56:09","modified_gmt":"2023-05-01T19:56:09","slug":"heiken-ashi-indicator-for-ninjatrader-8","status":"publish","type":"post","link":"https:\/\/pjsmith.me.uk\/index.php\/2019\/10\/heiken-ashi-indicator-for-ninjatrader-8\/","title":{"rendered":"Heiken Ashi indicator for Ninjatrader 8"},"content":{"rendered":"

pjsHeikenAshi – A Heiken Ashi indicator for Ninjatrader 8<\/strong><\/p>\n

I have been using Heiken Ashi bars for many years. I developed my own because the available indicators at the time did not fulfil my requirements and Ninjatrader did not support them natively. NT8 has since added a crude version of HA. I call it crude because it is implemented within the restrictions of their bar types, which means all the numbers are rounded to the nearest tick size and historical bars don’t always match real-time bars. This can create some odd-looking HA bars in instruments like NQ and you lose a lot of the patterns and smoothing effect you would typically see on some other platforms. For this reason, this version is implemented as an indicator, not a native bar type. Of course, I also wanted better performance, optional volatility smoothing, to be the ability to use the HA bars with range and Renko charts (not possible natively in NT), automation possibilities, and much more! This is it. The solution I came up with, refined and tested daily for many years now. It is the highest-performing HA indicator I have tested and can produce some beautiful charts.\u00a0\u00a0<\/p>\n

Some of the features
<\/strong>Traditional and alternative Heiken Ashi calculations are available. Take a look at the 8-range MES chart below. This is what pjsHeikenAshi is good at. Keeping you in the trend, and probably more importantly, stopping you from fighting it.<\/p>\n

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Heiken Ashi Turning Points<\/strong>
As well as the standard candles, pjsHeikenAshi can optionally mark Heiken Ashi turning points as supply and demand zones. These are areas on the chart where the trend changed. They often provide reactions on subsequent tests, even long after they have been tested, and re-tested, particularly on the longer time frames so you might want to mark them across your charts for future reference when they appear. If you are a short-term scalper, for instance, paying attention to the zones on the 60-minute chart should prove valuable. Here is an example of the 5m and 60m NQ. Here, the optional bar strength and turn point markers are enabled also. The time in the top right is the remaining candle time from my Priceline indicator.<\/p>\n

\"Turn<\/a><\/strong><\/p>\n

HAMA mode – (Smoothed Heiken Ashi)<\/strong>
Here is an example of smoothing in action. This is referred to on many other indicators as HAMA. This is with wicks turned off. Note how much more information you get regarding the acceleration of a move than with a simple MA line via the size of the bars.<\/p>\n

\"HAMA<\/a><\/p>\n

Delta Mode<\/strong>
pjsHeikenAshi also includes a ‘Delta’ Mode. It’s not delta in the traditional sense, but it will show a plot you can put in an indicator panel, whilst keeping your traditional bars in the main chart window. You can actually get quite creative with this. Here, I’m using the delta mode plotted over several panes to show multi-market correlation.<\/p>\n

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A video of pjsHeikenAshi in motion
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