### **Heikin Ashi Candles with Dual Wick Detection & EMA Trend Indicator**
You need to select Heiken Ashi candlles in Trading View first.
This script plots **Heikin Ashi candles** with a special feature that detects and colors candles with wicks on both sides in **grey**, indicating potential market indecision. It also includes **two Exponential Moving Averages (EMA 50 & EMA 11)**, which change color dynamically based on trend direction.
### **How It’s Useful:** ✅ **Helps identify trend strength** using Heikin Ashi candles. ✅ **Highlights indecision candles** (with wicks on both sides) in grey. ✅ **EMA 50 & EMA 11 act as trend-following indicators** with dynamic color changes. ✅ **Customizable EMA values** for flexibility. 🔹 **Ideal for traders looking to spot trends and market indecision quickly.**
### **Things to Be Careful About:** ⚠ **Delayed Signals:** Heikin Ashi smooths price action but can lag in real-time movements. ⚠ **Wick-Based Color Coding:** Grey candles indicate dual wicks but do not guarantee reversals. ⚠ **EMA Lag:** EMAs follow trends but **do not predict future moves**. ⚠ **Not Suitable for Scalping:** The smoothing effect may not be ideal for very short-term trades.
🔹 **Always combine this with other indicators or price action analysis before making trading decisions.**
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
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