OPEN-SOURCE SCRIPT
8x Heikin Ashi Streak (1m) by Bitcoin Benito
🧭 Indicator Description: “8x Heikin Ashi Streak (1m) by Bitcoin Benito”
**Purpose:**
The *8x Heikin Ashi Streak* indicator helps traders quickly identify strong short-term momentum on the **1-minute timeframe**. It automatically tracks Heikin Ashi candles and alerts you whenever **8 consecutive bullish or bearish candles** appear — a visual cue that a strong intraday trend or exhaustion point might be forming.
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🔍 **How It Works**
* The indicator continuously counts Heikin Ashi candles in real-time.
* When it detects **8 bullish (green)** or **8 bearish (red)** candles in a row:
* A green ▲ marker appears **below** the 8th candle for bullish streaks.
* A red ▼ marker appears **above** the 8th candle for bearish streaks.
* You can set alerts to automatically notify you when these streaks occur.
This makes it ideal for **momentum traders**, **scalpers**, and **trend-reversal spotters** who want to:
* Catch strong intraday moves early.
* Identify potential overextension zones before pullbacks.
* Automate alert signals for short-term trading setups.
IMPORTANT: Only trade when most of the 8 candles are below/above the EMA 8 Line respectively. Add an EMA 8 indicator to see if this is the case
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⚙️ **How to Use**
1. **Apply to a 1-minute chart** (this script is optimized for 1m timeframes).
2. When the indicator plots a green or red triangle:
* **Green triangle (8 bullish candles):** Trend momentum is strong upward.
* **Red triangle (8 bearish candles):** Downward momentum is dominant.
3. Optionally, combine with volume or EMA filters to confirm breakouts or exhaustion.
---
🔔 **Setting Up Alerts**
* Click the **Alert (🔔)** icon on TradingView.
* Under *Condition*, select:
* “8x Heikin Ashi Streak (1m)” → “8 Bullish Heikin Ashi (1m)”
* OR “8x Heikin Ashi Streak (1m)” → “8 Bearish Heikin Ashi (1m)”
* Choose **Once per bar close** to trigger the alert when the 8th candle completes.
* Add your custom message, e.g.
> “🚀 8 bullish Heikin Ashi candles in a row on 1-minute chart!”
> “🔻 8 bearish Heikin Ashi candles in a row on 1-minute chart!”
---
📊 **Best Practices**
* Works best on **liquid assets** (major forex pairs, indices, BTC/USD, etc.).
* Pair with **RSI**, **EMA**, or **Volume** indicators for stronger confirmation.
* Not a standalone buy/sell signal — treat it as a **momentum or exhaustion alert**.
* Can be adapted to other timeframes by changing chart resolution.
---
⚠️ **Disclaimer**
This indicator is for **educational and analytical purposes only**.
Trading carries risk — always test on demo accounts and use proper risk management.
No indicator guarantees profit; this is a tool for insight and timing, not financial advice.
**Purpose:**
The *8x Heikin Ashi Streak* indicator helps traders quickly identify strong short-term momentum on the **1-minute timeframe**. It automatically tracks Heikin Ashi candles and alerts you whenever **8 consecutive bullish or bearish candles** appear — a visual cue that a strong intraday trend or exhaustion point might be forming.
---
🔍 **How It Works**
* The indicator continuously counts Heikin Ashi candles in real-time.
* When it detects **8 bullish (green)** or **8 bearish (red)** candles in a row:
* A green ▲ marker appears **below** the 8th candle for bullish streaks.
* A red ▼ marker appears **above** the 8th candle for bearish streaks.
* You can set alerts to automatically notify you when these streaks occur.
This makes it ideal for **momentum traders**, **scalpers**, and **trend-reversal spotters** who want to:
* Catch strong intraday moves early.
* Identify potential overextension zones before pullbacks.
* Automate alert signals for short-term trading setups.
IMPORTANT: Only trade when most of the 8 candles are below/above the EMA 8 Line respectively. Add an EMA 8 indicator to see if this is the case
---
⚙️ **How to Use**
1. **Apply to a 1-minute chart** (this script is optimized for 1m timeframes).
2. When the indicator plots a green or red triangle:
* **Green triangle (8 bullish candles):** Trend momentum is strong upward.
* **Red triangle (8 bearish candles):** Downward momentum is dominant.
3. Optionally, combine with volume or EMA filters to confirm breakouts or exhaustion.
---
🔔 **Setting Up Alerts**
* Click the **Alert (🔔)** icon on TradingView.
* Under *Condition*, select:
* “8x Heikin Ashi Streak (1m)” → “8 Bullish Heikin Ashi (1m)”
* OR “8x Heikin Ashi Streak (1m)” → “8 Bearish Heikin Ashi (1m)”
* Choose **Once per bar close** to trigger the alert when the 8th candle completes.
* Add your custom message, e.g.
> “🚀 8 bullish Heikin Ashi candles in a row on 1-minute chart!”
> “🔻 8 bearish Heikin Ashi candles in a row on 1-minute chart!”
---
📊 **Best Practices**
* Works best on **liquid assets** (major forex pairs, indices, BTC/USD, etc.).
* Pair with **RSI**, **EMA**, or **Volume** indicators for stronger confirmation.
* Not a standalone buy/sell signal — treat it as a **momentum or exhaustion alert**.
* Can be adapted to other timeframes by changing chart resolution.
---
⚠️ **Disclaimer**
This indicator is for **educational and analytical purposes only**.
Trading carries risk — always test on demo accounts and use proper risk management.
No indicator guarantees profit; this is a tool for insight and timing, not financial advice.
סקריפט קוד פתוח
ברוח TradingView אמיתית, היוצר של הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יכולים לבדוק ולאמת את הפונקציונליות שלו. כל הכבוד למחבר! למרות שאתה יכול להשתמש בו בחינם, זכור שפרסום מחדש של הקוד כפוף לכללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
סקריפט קוד פתוח
ברוח TradingView אמיתית, היוצר של הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יכולים לבדוק ולאמת את הפונקציונליות שלו. כל הכבוד למחבר! למרות שאתה יכול להשתמש בו בחינם, זכור שפרסום מחדש של הקוד כפוף לכללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.