|
|
|
HeikenAshi.mq4
Heiken_Ashi_Smoothed.ex4
Heiken_Ashi_Smoothed_Alert.mq4
Heiken-ashi candlesticks versus Japanese candlesticks
Heiken-ashi candlesticks, some call them Heikin-ashi candlesticks.
Heiken-ashi candlesticks provide interpretation of market trends in a neat and descriptive way.
Unlike regular Japanese candles, Heiken-ashi don't show open, high, low and close. Instead they calculate values of each candlestick based on the dominant forces in the market. E.g. if bears (sellers) are clearly dominating, Heiken-ashi candlesticks will be bearish (red), even if a price bar closes higher than it opened.
These Heiken-ashi candles are a perfect tool for traders who like following trends to their very extend. Heikin-ashi Candles also looks much more simplified.
The rules of reading Heiken-ashi candlesticks
Sellers are dominating, strong downtrend
Buyers are dominating, strong uptrend
The trend got a bit weaker, watch out
With a change of a color of a Heikin-ashi candle - trend has changed
Heiken-ashi charts vs Japanese candlestick charts
A regular Japanese candlestick chart:
A chart with Heiken-ashi candlesticks:
The trends on Heiken-ashi charts have more distinguished and smoother look.
But this doesn't limits the use of Heiken-ashi candles in Forex.
Heiken-ashi candlesticks are good at suggesting trading and also trailing stops.
A trailing stop is placed at the bottom of a bullish Heiken-ashi candlestick in an uptrend and at the top of a bearish candlestick in a downtrend. A top is adjusted with each new fully formed candlestick.
Heiken-ashi candles are truly amazing candles to trade!
Copyright © Forex-indicators.net
You are doing a great job. This work will benefit a lot of New traders like me. I cant thank you enough.
what is the difference between the 2 files above?
HeikwnAshi.mq4 and Heiken_Ashi_Smoothed.mq4? Kindly please explain.
Thanks
musshan
The first indicator is a standard HeikenAshi.
The second - its smoothed version. Smoothed heiken-ashi candles are slower to react to trend changes when those occur sharply, but overall smoothed heiken-ashi will keep you in a trend longer. Standard heiken-ashi candlesticks will be changing colors from red to blue and back every time there is a reasonable correction in price.
You can use both indicators simultaneously. Or one on higher time frame - smoother heikin version - for monitoring trends; and one on lower time frame - standard heikin version - to time good entries on pullbacks.
Thank you for these fantastic candles.
Thanks for all your hard work on this site. I'm sure it's helping many of us out there.
Thank-you for your help. May the trading gods smile on you.
Thank you, guys!
It's my pleasure to give back the knowledge I have.
thank you
Nice one mate, keep up the good work...
These candlesticks HAVE to be a better way to prevent getting whipsawed out of a potential profit! Easy to understand, and very clear entry/exit patterns. Brilliant, thank you.
it is fantastic
Thanks great job. i am new. How pls can i get these indicator in my mt4 platform so i can use them.
Save it to the folder called /experts/indicators and re-start the platform.
Please see our newly created page: How to install MT4 custom indicators
I tried three times to sign up for your list but never received a confirmation email. I tried using two different email addresses.
We don't provide such services, sorry.
Iam new to forex, but this candle pattern introduced by u gives me a well experienced experience
Post new comment