Librehash Heikin Scalps

19 oct. 2018

The ZN Heikin Candle Signals is a special indicator that is designed to do two things:

1. Provide all 'new' candles for you.

2. Provide entries and exits.

The purpose of this indicator is to provide a different set of candles that will allow you to see trends in the price data easier by smoothing it over and providing a slightly modified Heikin Ashi candle formula (no, it is not equivalent to the Heikin Ashi formula; i.e., the OHLC/4 for the opening that it commonly uses)

The indicator is fairly straightforward in its design as well, so this description will remain brief for the time being.

Essentially, what we did is create our own candle system. Then we installed buy and sell signals on those candles in order to give users super tight entries and exits.

Simple put, this is a must-have in any trading suite. These candles are not exact replicas of the Heikin Ashi, but rather a clever modification that allows for easier trend reading whilst still allowing you to exit at the tippy top or enter at the very bottom of a trend per the actual prices on the chart.

Here’s one major example:




Here we can see the indicator calling a sell before a major fall and not re-calling it until the precipitous negative price action completely exhausts itself.

Additional Notes

For some charts and time frames, you may need to tinker with the metrics in the control panel slightly (i.e., change the period and also the 'fastener' settings ever so slightly). Make sure to backtest after any and all changes that you make in the control panel and understand that different settings work better in different situations for different coins if you're looking to absolutely optimize this indicator for it to perform its best.

This is not necessary, but something that you all may find helpful as you're trading.


If you have purchased this indicator and you have any additional questions/concerns, please do not hesitate to reach out to me through here or via my other channels I have specified (TradingView does not allow me to post links; you know how to reach me).

Also, if you are interested in purchasing and have not done so yet, please reach out at your earliest convenience.

Thank you.