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Re: MTF MCP Heikin-Ashi Heat Map

PostPosted: Sat May 11, 2019 10:59 am
by SavvyStrategist
I very much like the smoothing heikin ashi provides as well as the clarity of heatmap displays. However, I have a concern with timeliness and redrawing, and a workaround.

My thinking is that, if I'm displaying a 2hr option on a 5m chart, the 2hr heatmap display is limited to changes at 12:00, 2:00, 4:00, 6:00, etc., lasting the entire duration of the candle, which can cause delays, flickers or recolouring to occur.

Hence my suggestion, and request, is a heatmap display of the Heikin-Ashi Smoothed indicator that simulates a higher time frame with an selectable average. Right now, MTF MCP HASM allows to select one average for all time frames and changes the period. I'm looking for the opposite: to change the average only.

To clarify: if 5m is the chart, the 1st mtf display would be "5m and period to smooth prices: 1", the next would be "5m and period to smooth prices: 3" (simulating 15m), to simulate 1hr "5m and period to smooth prices: 12", etc. Personally I leave "period to smooth candles" with a value of 1, always, as I find using both delays signals too much.

So to sum up: I'm requesting a Heikin Ashi Smoothed heatmap display that allows alterations to the smoothing value per individual time frame selected. 3-5 timeframes is more than plenty for me and I personally don't care for "period to smooth candles" (only "period to smooth prices"), though others might. Currently, MTF MCP HASM does the opposite: one smoothing value, many time frames selectable.

Re: MTF MCP Heikin-Ashi Heat Map

PostPosted: Mon May 13, 2019 6:12 am
by Apprentice
Your request is added to the development list under Id Number 4653

Re: MTF MCP Heikin-Ashi Heat Map

PostPosted: Tue May 14, 2019 12:27 pm
by Apprentice
Try this version.
MTF MCP HASM.lua
(15.56 KiB) Downloaded 81 times