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Superalgos/Projects/Foundations/Schemas/Docs-Topics/H/Heikin-Data-Mine/Heikin-data-mine-003-HeikinAshiSuperTrend-Heikin-indicator.json
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{
"topic": "Heikin Data Mine",
"pageNumber": 3,
"type": "Heikin Ashi Supertrend - Heikin Indicator",
"definition": {
"text": "Produce the supertrend indicator using the Heikin Ashi Candles as a basis for its calcuations.",
"updated": 1636853769
},
"paragraphs": [
{
"style": "Title",
"text": "Heikin Ashi Supertrend On the Charts",
"updated": 1636853769
},
{
"style": "Text",
"text": "A supertrend is a trend following indicator similar to moving averages. It is plotted on price and the current trend can simply be determined by its placement; a green lin below the price action is an uptrend, and a red line above the price action is a downtrend."
},
{
"style": "Png",
"text": "PNGs/Foundations/Docs/indicators/heikin-superTrend-on-the-chart.png",
"updated": 1636853769
},
{
"style": "Text",
"text": "This supertrend indicator uses Heikin Ashi candles instead of standard candles to calculate the average true range (ATR) before calculating the final trend values."
},
{
"style": "Text",
"text": "To change the parameters needed for the calculation as per your needs, locate and open the Javascript Code under Data Building Procedure -> Procedure Loop under \"Super Trend Heikin\" Product Definition. The two configurable parameters are:"
},
{
"style": "List",
"text": "Nperiod: the ATR length"
},
{
"style": "List",
"text": "multiplier: the ATR multiplier"
},
{
"style": "Png",
"text": "PNGs/Foundations/Docs/indicators/heikin-supertrend-params.png",
"updated": 1636853769
},
{
"style": "Title",
"text": "Heikin Super Trend Products & Properties"
},
{
"style": "Text",
"text": "There are five properties available:"
},
{
"style": "Table",
"text": "| Product Name | Product Variable | Properties |\n| Super Trend Heikin | HeikinsuperTrend | trend, uptrend, downtrend, atrNPeriod, trueRange |",
"updated": 1636853769
},
{
"style": "Text",
"text": "Examples:",
"updated": 1636853769
},
{
"style": "Javascript",
"text": "chart.at01hs.HeikinsuperTrend.trend == 1",
"updated": 1636853769
},
{
"style": "Text",
"text": "Trend is downward, and price action remains under the trendline:",
"updated": 1636853769
},
{
"style": "Javascript",
"text": "chart.at15min.HeikinsuperTrend.trend == -1 && ( chart.at15min.candle.max < chart.at15min.HeikinsuperTrend.downtrend)",
"updated": 1636853769
},
{
"style": "Text",
"text": ""
}
]
}