IT_HA_FatBars

The IT_HA_FatBars indicator is an Heiken Ashi with variable widths based on relative volume. The indicator allows the setting of volume lookback for the relative volume calculation and the bars have ten width steps.

Above chart shows the FatBars with IT_VolZoom for reference.

Here you see the various settings.

See above new price marker inside bar body.

This is an interesting way to see the way volume affects price movements with the pattern of Heiken Ashi bars.

• Smoothness of Heiken-Ashi
• Bar width variations (10 width steps) coincide with the steps found in IT_VolZoom.
• Works in low volume as well as high volume situations.
• Current price marker.

4/2/15 - Added a current price marker option.

12/3/14 - Added bar body opacity setting to allow visibility of overlapped bars.

2/20/14 - Added product.