Heikin-Ashi Trend Follower

 Smoothed Momentum Strategy on Standard Candles
This strategy simulates the logic of Heikin-Ashi candlestick trend detection, but it is applied directly on standard chart candles, allowing traders to benefit from trend-following logic without switching chart types. It looks for smooth transitions in price sentiment by detecting two consecutive directional Heikin-Ashi candles and follows the trend accordingly.

Strategy Framework:
Heikin-Ashi Logic, Normal Candles:
Although the logic is derived from Heikin-Ashi formulas, the script does not require a Heikin-Ashi chart. It calculates Heikin-Ashi candles internally and uses those values while the script is applied on standard candles.

Trend Detection:

Heikin-Ashi Close = Average of open, high, low, and close

Heikin-Ashi Open = Midpoint of the previous HA open and close

These synthetic candles are then analyzed for consecutive direction.

Entry Logic:
Long Entry:
Triggered after two consecutive Heikin-Ashi bullish candles, indicating upward momentum.
Trade is entered only if no existing position is open.

Short Entry:
Triggered after two consecutive Heikin-Ashi bearish candles, signaling downward trend continuation.

 Exit Strategy:

If a position is open and a Heikin-Ashi candle in the opposite direction appears, the position is closed.  Bullish HA while short → close short  Bearish HA while long → close long  

Strategy Features:

Clean Trend Logic: Filters noise with synthetic HA candles.  Multi-Asset Compatible: Can be applied to any chart type — works on standard candles.  Visual Signals: Entry points are marked with up/down triangles for quick visual confirmation.  Pyramiding Enabled: Up to 5 positions allowed for scaling.  

Suggested Timeframes:

Performs well on 1h, 4h, and daily timeframes. Ideal for identifying sustained directional moves while avoiding whipsaws in ranging markets.  

Final Notes:

While Heikin-Ashi candles can help filter noise, their lagging nature may delay entries and exits. This strategy adapts the concept without requiring users to change chart types.  Note: Different assets may require specific parameter adjustments. Users are responsible for optimizing the strategy settings for the asset they trade. Please ensure you fine-tune the parameters according to your trading pair.