This is an educational study, using the security functions provided by @PineCoders(big thanks to them for creating this ) in order to see the difference between multiple candle close plots using:
Heikin Ashi
Renko
Linebreak
Kagi
Average of them all.
Both the different securities and the average can be used as a source for different indicators like moving...
✖ Nunchucks
A new way to display market data
Does not flip color during current candle
Displays Higher and Lower than the previous nunchuck's range
Use it with current price line
My Own Kagi Indicator Implementation!
I couldn't find anywhere on the internet a simple implementation of the Kagi indicator (apart from a seemingly complicated JavaScript implementation).
So I decided to implement it myself and test it against the built-in Kagi indicator calculated by the built-in security function - They ended up exactly the same! (You can see...
A viable and workable concept of chart type identification using Pine Script.
Was wollen wir trinken , sieben Tage lang
Was wollen wir trinken, so ein Durst!
Was wollen wir trinken, sieben Tage lang
Was wollen wir trinken, so ein Durst!
A heuristic approach to identify Kagi chart type.
This tool allows to identify:
ATR Kagi charts (see ^)
Traditional Kagi charts
Works correctly with other chart types:
Classic Candles
Heikin-Ashi
Line Break
PnF
ATR Renko
Traditional Renko
Range Bars
Do not forget @everget
This is the script with alerts for the previous backtest.
Modify "reversal" according to the pair
It has take profit and stop loss too.
Thanks and Enjoy...
It is a Kagi candle emulator without resolution multiplier.
Also with take profit and stop loss.
Modify the value of "reversal" according to current symbol.
It's the backtest, coming soon, same script but with no-repainting alerts
Enjoy!
This is a simple study that plots kagi values over your current chart. Works with both price action and time based charting.
NOTE: Because higher timeframe values are not certain until closed, refresh your chart as new levels are drawn.
![AAPL: [RESEARCH] Chart Type Identifier](https://s3.tradingview.com/8/8xCRJkGR_mid.png "[RESEARCH] Chart Type Identifier")
![AAPL: [RESEARCH] Kagi Chart Identifier](https://s3.tradingview.com/2/2wmVULCR_mid.png "[RESEARCH] Kagi Chart Identifier")
![BTCUSDT: [STUDY]Kagi Emulator OCC & SL/TP V3](https://s3.tradingview.com/o/o2AC0Zea_mid.png "[STUDY]Kagi Emulator OCC & SL/TP V3")
![BTCUSDT: [STRATEGY]Kagi Emulator OCC & SLTP V3](https://s3.tradingview.com/p/pyT5mvLO_mid.png "[STRATEGY]Kagi Emulator OCC & SLTP V3")
![EURUSD: Kagi Overlay [DW]](https://s3.tradingview.com/e/EV83TESS_mid.png "Kagi Overlay [DW]")
