Thanks again.
Appreciated
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Thanks again.
Appreciated
AllHeiken-Ashi_trend first versionQuote:
Originally Posted by matfx
Proposed by matfx
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Indicators (all indicators work with Metatrader 4 build 600 and above).
- AllHeikin-Ashi_v2.4 indicator for MT4 build 600+ is on this post. Updated: this indicator was updated so please download the latest version from this post. This is version coded for 600+ build.
- AllPivots_v3.8 indicator is on this post. AllPivots_v3.8 indicator was improved to AllPivots_v3.9 600+ indicator with 'no Sunday bar' - look a this post.
- BBands_Stop_v3.0 600+ indicator is on this post.
Template:
- allheiken-ashi_trend_first.tpl (attached)
How to install
- Open Metatrader 4
- Go to File - Open Data Folder (in menu)
- Find MQL4 folder and find Indicators folder inside it
- Place 3 indicators inside MQL4/Indicators folder
- Place template file to templates folder of Data Folder directory
- Restart Metatrader
- Open the chart of your selected pair M30 timeframe
How to trade
- follow the rules described by matfx above
- but I think - we can enter on price/yellow pivot line crossing with BBands_Stop_v3.0 as a trailing stop and pivot lines as the target profit.
AllHeiken-Ashi_trend second version
This version is same with first one (see previous post) with the following exception: we are using additional indicator to confirm the entry.
This indicator is I_XO_A_H_5d (it can be download from this post) -
- red color of this indicator is for sell entry confirmation
- green color is for buy confirmation
Template is attached
Timeframe - M15 or M30
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So, how it works in practics
in case of buy or sell signal - you will see alert- for example:
2014.05.30 15:30:41.228 BBands_Stop_v3.0 600+ USDCAD,M30: Alert: BBands_Stop_v3.0 600+(USDCAD,M30) : BUY Signal at 1.08400, StopLoss at 1.08287
and you can go to the chart:
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to decide: to open trade or not to open trade.
Just on case of this image - I got alert to open buy trade at 1.0840 and if I did it so I should receive 20 pips in profit (because it is 1.0860 now).
This is the situation fow now:
price touched R1 level of pivot indicator (which is one of the profit level) with 26 pips in profit (in case we opened the trade in 1.0840 according to alert)
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I think - it does not matter about which timeframe: M30 or M15. Because this is daily pivot (all indicators are with default settings) so we can see it by ourselves - M15 timegrame same setup:
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I put a stochastic with setting 14.3.3 on this system EURUSD 15 min chart, but it is quite jumpy to filter the signal.
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But if we apply your second edition which using I_XO_AH_5D the scenario quite different.
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Yes, you are right -
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I think, the second version may be the idea for EA. Because this second version is able to filter false entrance for example.
I opened Metatrader too late today because AUDUSD is already on 3rd profit level:
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I opened 2 trades - for USDCHF and USDCAD, just to see how this system works in practics :
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USDCHF trade was in loss (stop loss), USDCAD - in profit.
Seems, I need to test it more ... or something wrong with I-XO-A-H indicator ... (it is re-painted, or it is not refreshed ...)
well ... I will test it more ... without I-XO-A-H indicator
Maybe something wrong with I_XO_AH, i'am watching this pair EURGBP without opening any trade. The I_XO_AH doesn't react at all. It just stay green, but EURGBP move down rapidly and is quite volatile during Europe session.
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This is the statement (trading without I-XO-A-H indicator) :Quote:
Originally Posted by newdigital
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This I-XO-A-H indicator is confusing ... or it should be improved.
This system works well as the first version
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Hi,
Please check out the updated AllHeikin-Ashi indicator for the new MT4.
Regards,
Igor
Great Indicator - works great
Thanks
HI all,
Here is the update version of +JoGET58+ indicator for new MT4.
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Thanks a lot
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Hi newdigital
All-Heiken Ashi v2.4 seperate window
?????
in separate window? I do not have sorry.
the latest version is on this post.
Sorry newdigital
all-heiken ashi v2.4 histogram
Not.
I have AllHeikin-Ashi_v2.3 600+ coded by Igorad (it can be downloaded from this post).
Do you need histogram version? We may ask Igorad to code ...
Hi,Quote:
Originally Posted by newdigital
There is a way to make a chart displayed indicator show in a separate window, it is a bit of a hack but generally works really well. Open up the indicator in the MetaEditor and change thetoCode:#property indicator_chart_window
then load the indicator onto the chart and it will load in a separate window but will look more like a histogram,Code:#property indicator_separate_window
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then while the indicator is loaded on the chart change theback toCode:#property indicator_separate_window
. Give it a go it actually works quite well.Code:#property indicator_chart_window
Attachment 8569
Heiken Ashi - MTF Separate 600+
Hi,Quote:
Originally Posted by newdigital
would be geat if it is possible to have a histogram version of the AllHeikin-Ashi.
THX
By the way: Different between 2.3 and 2.4? Last update was 2.3 for 600+. I'm confused.
Talking Points:
-Why Mess With a Good Thing?
-The Purpose of Heikin-Ashi
-Trading With New Vision
“You can observe a lot by just watching.”
Yogi Berra
http://youtu.be/AWFbP_n8aRE
Candlesticks are a great tool to help you see sentiment in real-time. However, there is something deeper than what the candlestick is showing you. That something deeper is your fear of being on the cusp of a reversal against your position. Therefore, a false signal of Candlesticks can be costly where as Heikin-Ashi would have likely kept you in the trade as this article will explain. Heikin-Ashi is a free indicator available to be added, like a moving average, to your chart.
Heikin-Ashi (Right) Smooth Out Trends
https://media.dailyfx.com/illustrati..._Picture_1.png
Why Mess With a Good Thing?
The short answer to this question is that there is a lot of noise with candle to candle price action which can make some candlestick signals misleading. How they are misleading is when you get more noise than signals. Even though candlesticks can help you to find & confirm higher-probability entries when a reversal is shown by other tools or techniques, traders need to be aware of a potential false signal.
https://media.dailyfx.com/illustrati..._Picture_2.png
Heikin-Ashi also simplifies the process of visualized trading. If you’re familiar with Candlesticks, you may be aware that there are over a hundred documented Candlestick patterns. This means that not only is it difficult to learn all candlestick patterns, but as you can see above, there not always reliable. The highlighted boxes above are to highlight reversal signals, known as Shooting Stars that did not result in a true market turn and could be seen as noise vs. a true signal.
Bottom Line: Candlestick Trading doesn’t always provide clean signals and can produce noise in a strong trend.
The Purpose of Heikin-Ashi
Heikin-Ashi is a visualized balanced candle so that you can filter price of the current move for the overall trend. Heikin-Ashi is sometimes known as an average candle to replace or confirm candlestick patterns. As you can see from the calculation, Heikin-Ashi averages out the prior candle to build a bias for the overall trend continuation and the current candle.
Heikin-Ashi Formula
Close = (Open+High+Low+Close)/4
Open = [Open (previous bar) + Close (previous bar)]/2
High = Max (High,Open,Close)
Low = Min (Low,Open, Close)
By looking at the calculations, you’ll be able to see that Heikin-Ashi is a technique which looks at the average price of a candle and uses that to plot the next candle’s open. Because the current candle is plotted based on the prior candle’s average, you’ll notice a sequence of same-colored candle bodies to show a clean trend with longer bodies & candlewicks in the direction of the trend showing you strong trends.
Few Red Heikin-Ashi Candles Show a Strong Trend
https://media.dailyfx.com/illustrati..._Picture_5.png
Trading With New Vision
Heikin-Ashi doesn’t look for traditional candlestick patterns. Rather, when using Heikin-Ashi, you’re looking for a strong trend to stay in while always managing risk with a trailing stop. When the bodies get weaker / smaller or begin to change color, then a reversal and / or correction is on hand, it’s time to step aside from the trade as the future is increasingly uncertain in respect to the prior trend you were trading.
The strongest trends are displayed with a shaved Heikin-Ashi candle. If you are trading an uptrend with Heikin-Ashi applied to your charts, and the current candle shows no candlewick to the downside, the trend is very strong and it is best to stay in the trend until either a red candle appears which my preference is or a bottom candlewick forms. This form of trade management provides an active and intelligent trailing stop so that you’re only exiting on a likely consolidation that can chew up time or a reversal is on hand.
Trailing Stop Example
https://media.dailyfx.com/illustrati..._Picture_6.png
Closing Thoughts
Heikin-Ashi allows you to “trick” your eye to staying in the strong trends that can throw off weak or false reversal signals. This trick is based on averaging the prior candle so that the current price action is only filtered through the prior candle as opposed through the time of the prior candle. If you have trouble jumping out of a trend well before it’s done, Heikin-Ashi could be a helpful indicator for you.
Happy Trading!
---Written by Tyler Yell, Trading Instructor
More...
Hi Gods_Clown,Quote:
Originally Posted by Gods_Clown
The histogram version of the AllHeikin-Ashi indicator.
They are the same and now I use "600+" in all indicators/EAs for the new MT4.Quote:
By the way: Different between 2.3 and 2.4? Last update was 2.3 for 600+. I'm confused.
Regards,
Igor
In this indicator, when the setting is indicated by the senior timeframe, then the graph indicator shows one color unchanged. Multitaymfrem function does not work. Igor please correct indicator.Quote:
Originally Posted by igorad
Hi wwwssszzz,Quote:
Originally Posted by wwwssszzz
Sorry for this bug. Please re-download the indicator.
Regards,
Igor
Thanks Igor huge indicator works and I am very happy. For a long time I was looking for a similar indicator, I really need it for trade !!! Thanks again !!!Quote:
Originally Posted by igorad
Sir,
It's not mt4.i want work file
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the screenshot was made by MT4 (as I see from your image).Quote:
Originally Posted by aru67
which file?
Ok Sir i Solve it., Thanks.
Sir,
Solve my request Please...i want alert indicator & mail indicator and next near buy sell alert.
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Hi aru67Quote:
Originally Posted by aru67
MT4 Level Stop Reversal Indicator
Alert Sound & Mail
Just some images about Gold (XAUUSD) using variations of this trading system:
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Mr.NineTeen
First thanks for your interest help.
It's use Intraday and Long Day's Helper
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Hi Igorad,
Is it possible for AllHeikenAshi to have the option of displaying in "background", so my chart doesn't clutter? Pls help, thanks in advance.
Thanks & Best Regards,
LearnAlways
No it isn't, because in that case the normal line or bars or candles would overlay the Heiken Ashi.Quote:
Originally Posted by LearnAlways
