Heikin Ashi with Trend Alerts

This indicator plots Heikin Ashi (HA) candles directly on your chart and exposes the smoothed HA Open, High, Low, and Close as data series for use in other indicators or cBots.

Heikin Ashi smooths out price noise compared to standard candlesticks, making trend direction and strength easier to read at a glance — strong trends show little to no wick on the trailing side, while shrinking bodies and emerging opposite-side wicks often signal a slowdown before a reversal.

Key Features:

• Custom-drawn Heikin Ashi candles with configurable bullish/bearish colors
• HA Open/High/Low/Close exposed as outputs for downstream indicators and automated strategies
• Built-in trend-change detection: requires a configurable number of consecutive same-color candles (1–5) following an opposite-color candle before confirming a flip, filtering out noise
• Visual up/down arrow markers plotted on the chart at confirmed trend changes
• Toggle candle rendering on/off to use purely as a calculation/signal engine alongside your own chart style

Parameters:

• Bullish/Bearish colors
• Show Candles (on/off)
• Show Trend Alerts (on/off)
• Confirmation Bars (1–5)

Useful for traders who want a cleaner read on trend direction without manually eyeballing candle colors, and for algo developers who want HA values as a reusable building block.