Heiken-ashi candlesticks are also called sometimes Heikin-ashi candlesticks.
Heiken-ashi candlesticks provide interpretation of market trends in a neat and descriptive way.
Keep up the great work ,your help is truely appreciated.You make things so easy to understand.
First, thank you for your great work in providing these indicators.
I trade with a combination of the Smoothed on my chart, and the Smoothed Alert below the chart. I find the latter mirrors the regular HA candlestick rather than the smoothed...don't know why they even call it smoothed.
This way I can have both for the long term trend, as well as entry signals without cluttering my chart.
Smooth and regular HA can be similar if the markets display clear trends, but when it gets choppy, the smoothing factor will play its role.
OK this sounds good but I'm a American, why do I needs China ? No thanks! I'm proud to be an American.
do you really believe this BS ? I have only found one use for candles ... Birthdays!!!
Thank you guys,
The comments get funnier by the day :)
I think everyone has to believe in something. In trading this can be about Heiken ashi candlesticks, because they are quite good, but can be also about other tools, or raw market charts or anything else.
"OK this sounds good but I'm a American, why do I needs China ? No thanks! I'm proud to be an American." are sure you are an american trader? as far as I know they all smart.. but u.. hahaha dont even know that heiken ashi is from japan not china.. :P
How well does this perform in a ranging/choppy market. It looks great when there are nice trends but what clues can we get from a messy chart. What do we look for to stay out of the market until a trend forms?
It performs acceptably well. you may balance at zero or loose/gain a few pips, but the real profits come when the trend is back.
thanks for your great work, may you never lack in your life.
I am using HA Smoothed and have the first instruction paper from Don Steinitz. It it, he make reference to a 2nd paper and additional instructions such as "There is another candle that you will see from time to time. It is a red body with a blue wick or blue body with a red wick. I will go into that later". There is also a statement about the color bars in the lower panels. Anyone have this additional information. Please reply directly to firstname.lastname@example.org.
PURELY BY ACCIDENT AND BEING NEW TO META TRADER 4 I HAVE SET UP HEIKEN ASHI ITS BRILLIANT HOWEVER I WAS UNABLE TO REMOVE THE CANDLES OR HIDE THEM DUE TO NOT USING THE PLATFORM MUCH.
COULD SOMEBODY ADVISE HOW TO DO THIS SIMPLE TASK.
I CHANGED THE CANDLES TO BARS IN ORDER THAT THE H. A WOULD SHOW UP BETTER AND NOTICED A DOJI IN THE H ASH TURNING RED AND THE HIGHS OR LOWS SHOW WHICH MAY BE USEFUL.
To remove candles from chart:
> Right click on chart
> Click on color Tab
> Change the color to "None" on these following - Bar Up, Bar Down, Bull Candle, Bear candle
> press ok
You would not see any more candlesticks :)
hi, I feel U are doing good job.
what strategy U r using
hi. do you have any pivot point/ support and resistance custom indicator? your heiken ashi is very good for we trend followers. thanks.
Here are some support/resitance indicators
sir have Heiken_Ashi_Smoothed.mq4 line chart
The correct spelling is heikin-ashi, not Heiken-Ashi or Heikin-Ashi.
The first book on this subject is out now, written by the author who made it available in 2004 to the Western traders (retail and pros)
Great book with far more information than the nice visual charts.
Hope this helps.
>PURELY BY ACCIDENT AND BEING NEW TO META TRADER 4 I HAVE SET UP HEIKEN ASHI ITS BRILLIANT HOWEVER I
>WAS UNABLE TO REMOVE THE CANDLES OR HIDE THEM DUE TO NOT USING THE PLATFORM MUCH.
Further to your recent answers, there is another way do this...
From Chart properties (F8 or right click->Properties...)
Select the Colors tab, and set the Line graph colour to the same as the chart background colour.
Then to hide the candles or bars, just select Line graph from the menu (or use Alt+3).
Select candlesticks or bars from the menu (Alt+1 or Alt+2) to get them back!
Of course if you use Line graphs, then this trick won't work!
Great website - keep up the good work...
Wonderful for your hard work to easy explanations for Heiken Ashi Indicator,
For much more can you advise please which time frame is best for this indicator?
hi this is nice site.
grrrrrrrrr8 website, explains the basic indicators n its variants. gr8 hard work by d team. tannx a lot & keep it up....
Can i use it with I trader?it is the one used by my broker WWM