@ Ninja Trader Jim: question about smoothed Heiken Ashi

[AlphaSquared]

Hello Jim,
Looking to build a HAMA system, Found your HA Smoothed indicator. When I use it with...well any type of chart bar at all it seems to take over or something. Am I doing something wrong or am I grotesquely misapplying your indicator? What I am looking for is in the other picture. Any help appreciated.

[NinjaTrader_Jim]

Hello AlphaSquared,

Thanks for your post.

This is actually an indicator I converted from an existing NinjaTrader 7 script. I am not very familiar with the study that was used, but I may refer you to one of the original developers that may be more familiar. I had converted this script from what koganam had shared on our forums.

I'll also leave the thread open for any other community members that may have insight on an indicator that may meet your goal.

We look forward to assisting.

[koganam]

What is a HAMA system?

When I Google the term, I do not see anything that has to do with Heiken-Ashi. So, what is the issue here? Am I missing something?

[AlphaSquared]

HAMA = Heiken Ashi Moving Average.

[koganam]

HAMA = Heiken Ashi Moving Average.

Thanks.

Your OP shows HA bars and Renko Bars (as far as I can tell). I surmise that your HA bars are most likely from the DaSilvaHAMA2colors(35, no, Valcu, Weighted) indicator that you have loaded on the chart. That is a completely different indicator, of which I, unfortunately, have no knowledge.

What is the issue with the HA bars that you downloaded? If you do not want the wicks colored to show the underlying price movement, you can turn that off, and the HA bars will be uniform colors like in your other picture that you used to illustrate your intent.If you want something else, you may want to be more specific in what you want the HA indicator from the NinjaTraderEcoSystem to do.

[mmmtrader]

A developer from nsdt has publicized the code but it is the version for tradingview . The code is found in the following . i hope its useful to someone Thank you !

[northstardaytrading]

A developer from nsdt has publicized the code but it is the version for tradingview . The code is found in the following . i hope its useful to someone Thank you !

Greetings. I am the developer of the NSDT HAMA Candles indicator on TradingView. I published it open source.
Thank you for sharing it in the forum.