This indicator is intended to reduce market noise by averaging "Heikin-ashi" a few more times. You can set the number of averages and how the closing price is calculated.
The Modes: There are several presets. The "Mode 1" is more conservative and flips fewer times, but with less noise. (Averaged by 5 times, Close calculated by oc2)
The "Mode 2" is more aggressive, with more flips and faster timing. (Averaged by 10 times, Close calculated by ohlc4)
Triggers: Triggers the inversion of the bar. It can be visualized and alerts can be set.
This is a great indicator, would you be willing/interested in constructing it with alternate resolutions?
boitoki
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@rpl_ryan, Thank you very much. To do that, the program of this indicator is complicated. sorry.
Sem19678
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Добрый день.Хороший скрипт,отличная идея. Спасибо большое за работу.
sdkujn
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Hi, I don't see a mode 1 or mode 2 anymore? I just see indicator and it's set at 4 and when you change it to 1 it doesn't change. I also can't get the indicator on my main chart. It looks like you took your candle/bars off too so not sure how you did that.
gfvix21
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Amazing work! Can you add buy and sell separately alerts please? Thank you very much! Great indicator! Well done
X-2020
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Hi, nice to meet you, your indicators are very good and I have a question. When I first joined the indicator it was version 6.0 and at that time there were models 1, 2, 3 and 4. When I updated to version 7.0, there are no longer any of these models and the code is much streamlined, so all of a sudden I don't know how to use your indicator, what should I do?Can you help me out?
boitoki
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@ROCK_2021, thank you . Changed as follow: mode 1 -> Cloak & Dagger mode 2 -> Dagger mode 3 is removed mode 4 -> Cloak