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Heikin Ashi Oscillator (HACO) for TradeStation

Posted on December 18, 2021 by Vlad

Excellent indicator displaying Heikin Ashi trend as well as the strength of the trend:

inputs:
Avg( 34 );
variables:
TMA1(0),
TMA2(0),
Diff(0),
ZlHa(0),
ZlCl(0),
ZlDif(0) ;
{CrossOver formula}
TMA1= Tema(haC,avg);
TMA2= Tema(TMA1,avg);
Diff= TMA1 – TMA2;
ZlHa= TMA1 + Diff;
TMA1= Tema((H+L)/2,avg);
TMA2= Tema(TMA1,avg);
Diff= TMA1 – TMA2;
ZlCl= TMA1 + Diff;
ZlDif=ZlCl-ZlHa;
Plot1( ZlDif,”ZlDif”);
Plot2(0,”Zero Line”);

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