StockFetcher Forums · Filter Exchange · Swing trading with shaved butts (Heikin Ashi)<< >>Post Follow-up
xarlor
562 posts
msg #153623
Ignore xarlor
8/17/2020 10:00:44 PM

Here's a filter I threw together today. I noticed SF doesn't have Heikin Ashi displays so I made the next best thing.

This filter shows you the start of each shaved bottom and shaved head, which is a signal to enter. If the trend is up, buy on a shaved bottom and exit on the next shaved head. If the trend is down, short the next shaved head and cover on the next shaved bottom.

Heikin Ashi is a bit of a pain to code in SF as you have to decide the first candle to start at and calculate each day afterward. I went back 5 candles and liked the results when comparing to its true Heikin Ashi chart. The filter catches every first shaved candle in both directions that I've checked.

Enjoy!

Fetcher[
/*
Based on Heikin Ashi candles:
Trending up: Long on shaved bottom, sell on next shaved head.
Trending down: Short on shaved head, cover on next shaved bottom.
*/

symlist(SPY,TLT,QQQ,GLD,AMZN,FB,AAPL,NFLX,GOOG)

set{closeHA5a,open 5 days ago + close 5 days ago}
set{closeHA5b,high 5 days ago + low 5 days ago}
set{closeHA5c, closeHA5a + closeHA5b}
set{closeHA5,closeHA5c / 4}

set{closeHA4a,open 4 days ago + close 4 days ago}
set{closeHA4b,high 4 days ago + low 4 days ago}
set{closeHA4c, closeHA4a + closeHA4b}
set{closeHA4,closeHA4c / 4}

set{closeHA3a,open 3 days ago + close 3 days ago}
set{closeHA3b,high 3 days ago + low 3 days ago}
set{closeHA3c, closeHA3a + closeHA3b}
set{closeHA3,closeHA3c / 4}

set{closeHA2a,open 2 days ago + close 2 days ago}
set{closeHA2b,high 2 days ago + low 2 days ago}
set{closeHA2c, closeHA2a + closeHA2b}
set{closeHA2,closeHA2c / 4}

set{closeHA1a,open 1 day ago + close 1 day ago}
set{closeHA1b,high 1 day ago + low 1 day ago}
set{closeHA1c, closeHA1a + closeHA1b}
set{closeHA1,closeHA1c / 4}

set{closeHAa,open + close}
set{closeHAb,high + low}
set{closeHAc, closeHAa + closeHAb}
set{closeHA,closeHAc / 4}

set{openHA5a,open 5 days ago + close 5 days ago}
set{openHA5, openHA5a / 2}

set{openHA4a,openHA5 + closeHA5}
set{openHA4,openHA4a / 2}

set{openHA3a,openHA4 + closeHA4}
set{openHA3,openHA3a / 2}

set{openHA2a,openHA3 + closeHA3}
set{openHA2,openHA2a / 2}

set{openHA1a,openHA2 + closeHA2}
set{openHA1,openHA1a / 2}

set{openHAa,openHA1 + closeHA1}
set{openHA,openHAa / 2}

set{highHA1,max(high,openHA)}
set{highHA,max(highHA1,closeHA)}

set{lowHA1,min(low,openHA)}
set{lowHA,min(lowHA1,closeHA)}

set{Shaved_bottom,count(openHA equals lowHA,1)}
set{Shaved_head,count(openHA equals highHA,1)}

Shaved_bottom > -1
Shaved_head > -1
]



sandjco
648 posts
msg #153626
Ignore sandjco
8/18/2020 5:11:54 PM

Thanks for sharing Xarlor!

StockFetcher Forums · Filter Exchange · Swing trading with shaved butts (Heikin Ashi)<< >>Post Follow-up

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