2 Non-Wick Heikin Ashi Consecutive Candles Detector

Heikin Ashi Consecutive No-Wick Detector

This indicator is designed to detect and highlight consecutive Heikin Ashi candles without wicks. It identifies patterns where two bullish or two bearish Heikin Ashi candles appear without wicks, which can indicate strong trend momentum.
Ideally, you want to enter when the signal is printed, becasue there is usually continuation afterwards. Nonetheless, always use context in the markets, a signal is stronger if it is near a strong suppor and resistance zones, MA, etc.

Features:

Heikin Ashi Candles Calculation: The indicator calculates Heikin Ashi candle values for precise pattern identification.

Bullish No-Wick Candles: Detects bullish Heikin Ashi candles with no lower wick.

Bearish No-Wick Candles: Detects bearish Heikin Ashi candles with no upper wick.

Consecutive Candle Detection: Identifies two consecutive bullish or bearish no-wick candles to signal strong trend momentum.

Visual Highlights: Highlights detected patterns on the chart with green or red background colors.

Alerts: Provides customizable alerts for detected patterns to aid in trading decisions.

Visual Markers: Plots visual markers for easy spotting of bullish and bearish no-wick patterns.

How to Use:

Add the indicator to your chart.

The indicator will automatically calculate Heikin Ashi candles and detect patterns.

Look for highlighted areas on the chart:

Green background for two consecutive bullish no-wick candles.

Red background for two consecutive bearish no-wick candles.

Use the alerts and visual markers to aid in your trading strategy.

This indicator helps traders identify strong trend momentum by detecting consecutive no-wick Heikin Ashi candles. It provides visual highlights, alerts, and markers to enhance your trading decisions.