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Typical price & Heikin ashi TEMA average crossings

Heikin ashi, Japanese for “average bar,” is a technique used to better visualize price trends by recalculating the standard candlesticks. This technique was introduced by Dan Valcu in 2004. The average heikin ashi closing I calculate dividing the sum of the re-calculated heikin ashi values for open, high, low and close by 4. You can use a heikin ashi TEMA average smoothed value with a zero-laging technique, crossing with a TEMA zero-lagging average closing price, to create fast reliable crossings.

 

These are the formulas:

SVE_HA_Tema_ZL

// SVE_haC_Tema_ZL.mq4
// Copyright © 2010, Sylvain Vervoort - http://stocata.org/
// A zero-lagging TEMA average indicator on the average heikin ashi price
// You need also the "SVE_haC" function
// and the "SVE_TEMA_haC" function that are called by this function
// Note that you need about 5 times the choosen TEMA average before getting a usefull signal!!!

#property copyright "Copyright © 2010, Sylvain Vervoort"
#property link      "http://stocata.org/"
#property indicator_chart_window
#property indicator_buffers 1
extern int TEMA_period=30;
double TEMA1[];
double Diff[];
double Ema1[];
double Ema2[];
double Ema3[];
double ZlCl[];
// initialization function
int init()
  {
   IndicatorBuffers(6);
   SetIndexStyle(0,DRAW_LINE);
   SetIndexBuffer(0,ZlCl);
   SetIndexBuffer(1,Ema1);
   SetIndexBuffer(2,Ema2);
   SetIndexBuffer(3,Ema3);
   SetIndexBuffer(4,TEMA1);
   SetIndexBuffer(5,Diff);
   IndicatorShortName("haC_TEMA_ZL("+TEMA_period+")");
   return(0);
  }
// Custom indicator SVE_haC_Tema_ZL function
int start()
  {
  int i,limit,limit2,limit3,counted_bars=IndicatorCounted();
   if (counted_bars==0)
      {
      limit=Bars-1;
      limit2=limit-TEMA_period;
      limit3=limit2-TEMA_period;
      }
   if (counted_bars>0)
      {
      limit=Bars-counted_bars-1;
      limit2=limit;
      limit3=limit2;
      }
   for (i=limit;i>=0;i--) TEMA1[i]=iCustom(NULL,0,"SVE_TEMA_haC",TEMA_period,0,i);
   for (i=limit;i>=0;i--) Ema1[i]=iMAOnArray(TEMA1,0,TEMA_period,0,MODE_EMA,i);
   for (i=limit;i>=0;i--) Ema2[i]=iMAOnArray(Ema1,0,TEMA_period,0,MODE_EMA,i);
   for (i=limit;i>=0;i--) Ema3[i]=iMAOnArray(Ema2,0,TEMA_period,0,MODE_EMA,i);
   for (i=limit;i>=0;i--) Diff[i]=TEMA1[i]-(3*Ema1[i]-3*Ema2[i]+Ema3[i]);
   for (i=limit;i>=0;i--) ZlCl[i]=TEMA1[i]+Diff[i];
   return(0);
  }
//-----------END of Function SVE_haC_Tema_ZL-------------------------------------

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SVE_Typ_TEMA_ZL

For MetaTrader4 you can use the following formula (SVE_Typ_TEMA_ZL):
// SVE_Typ_TEMA_ZL.mq4
// a zero-lagging TEMA average indicator on the typical price.
// You need to have the function "SVE_TEMA_Typ" available! ----

#property copyright "Copyright © 2010, Sylvain Vervoort"
#property link      "http://stocata.org/"
#property indicator_chart_window
#property indicator_buffers 1
extern int TEMA_period=30;
double TEMA1[];
double Diff[];
double Ema1[];
double Ema2[];
double Ema3[];
double ZlCl[];
// Custom indicator initialization function
int init()
  {
   IndicatorBuffers(6);
   SetIndexStyle(0,DRAW_LINE);
   SetIndexBuffer(0,ZlCl);
   SetIndexBuffer(1,Ema1);
   SetIndexBuffer(2,Ema2);
   SetIndexBuffer(3,Ema3);
   SetIndexBuffer(4,TEMA1);
   SetIndexBuffer(5,Diff);
   IndicatorShortName("Typ_TEMA_ZL("+TEMA_period+")");
   return(0);
  }
// Typical TEMA zero-lagging price calculation
int start()
  {
  int i,limit,counted_bars=IndicatorCounted();
//----
   if (counted_bars==0)
      {
      limit=Bars-1;
      }
   if (counted_bars>0)
      {
      limit=Bars-counted_bars-1;
      }
   for (i=limit;i>=0;i--) TEMA1[i]=iCustom(NULL,0,"SVE_TEMA_Typ",TEMA_period,0,i);
   for (i=limit;i>=0;i--) Ema1[i]=iMAOnArray(TEMA1,0,TEMA_period,0,MODE_EMA,i);
   for (i=limit;i>=0;i--) Ema2[i]=iMAOnArray(Ema1,0,TEMA_period,0,MODE_EMA,i);
   for (i=limit;i>=0;i--) Ema3[i]=iMAOnArray(Ema2,0,TEMA_period,0,MODE_EMA,i);
   for (i=limit;i>=0;i--) Diff[i]=TEMA1[i]-(3*Ema1[i]-3*Ema2[i]+Ema3[i]);
   for (i=limit;i>=0;i--) ZlCl[i]=TEMA1[i]+Diff[i];
   return(0);
  }
//------END of Function SVE_Typ_TEMA --------------------------------------

 

Here you can see recent fast profitable crossings between a 55-days zero-lagging TEMA average on the typical price and a 55-days zero-lagging TEMA average on the heikin ashi closing price on the S&P500 index. Red: SVE_HA_TEMA_ZL, Blue: SVE_Typ_TEMA_ZL.

 

 

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