Hi,
Please a take a look at the AllHeikin-Ashi which is based on the AllAverages_v3.1. This is MTF version of the well-known indicator with static filter(MinMove) in pips.
Attachment 341
Regards,
Igor
Printable View
Hi,
Please a take a look at the AllHeikin-Ashi which is based on the AllAverages_v3.1. This is MTF version of the well-known indicator with static filter(MinMove) in pips.
Attachment 341
Regards,
Igor
Just some information about how to use this indicator. Fist of all - watch this video :
HOW I USE THE HEIKEN ASHI TO TRADE THE FOREX
http://youtu.be/AWFbP_n8aRE
And some article from stockcharts website.
Heikin-Ashi :
Introduction
Heikin-Ashi Candlesticks are an offshoot from Japanese candlesticks. Heikin-Ashi Candlesticks use the open-close data from the prior period and the open-high-low-close data from the current period to create a combo candlestick. The resulting candlestick filters out some noise in an effort to better capture the trend. In Japanese, Heikin means "average" and "ashi" means "pace" (EUDict.com). Taken together, Heikin-Ashi represents the average-pace of prices. Heikin-Ashi Candlesticks are not used like normal candlesticks. Dozens of bullish or bearish reversal patterns consisting of 1-3 candlesticks are not to be found. Instead, these candlesticks can be used to identify trending periods, potential reversal points and classic technical analysis patterns.
Calculation
Heikin-Ashi Candlesticks are based on price data from the current open-high-low-close, the current Heikin-Ashi values and the prior Heikin-Ashi values. Yes, it is a bit complicated. In the formula below, a "(0)" denotes the current period. A "(-1)" denotes the prior period. "HA" refers to Heikin-Ashi. Let's take each data point one at a time.
Before moving to a spreadsheet example, note that we have a chicken and egg dilemma. We need our first Heikin-Ashi candlestick before we can calculate future Heikin-Ashi candlesticks. Therefore, the first calculation simply uses data from the current open, high, low and close. The first Heikin-Ashi close equals the average of the open, high, low and close ((O+H+L+C)/4). The first Heikin-Ashi open equals the average of the open and close ((O+C)/2). The first Heikin-Ashi high equals the high and the first Heikin-Ashi low equals the low. Even though this first Heikin-Ashi candlestick is somewhat artificial, the affects will dissipate over time (usually 7-10 periods). StockCharts.com starts its Heikin-Ashi calculations before the first price date on each chart. Therefore, the affects of this first calculation will have already dissipated. The chart above shows examples of two normal candlesticks converting into one Heikin-Ashi Candlestick.Code:
1. The Heikin-Ashi Close is simply an average of the open,
high, low and close for the current period.
HA-Close = (Open(0) + High(0) + Low(0) + Close(0)) / 4
2. The Heikin-Ashi Open is the average of the prior Heikin-Ashi
candlestick open plus the close of the prior Heikin-Ashi candlestick.
HA-Open = (HA-Open(-1) + HA-Close(-1)) / 2
3. The Heikin-Ashi High is the maximum of three data points:
the current period's high, the current Heikin-Ashi candlestick open or
the current Heikin-Ashi candlestick close.
HA-High = Maximum of the High(0), HA-Open(0) or HA-Close(0)
4. The Heikin-Ashi low is the minimum of three data points:
the current period's low, the current Heikin-Ashi candlestick open or
the current Heikin-Ashi candlestick close.
HA-Low = Minimum of the Low(0), HA-Open(0) or HA-Close(0)
Attachment 1941
Interpretation
Heikin-Ashi Candlesticks are similar, but different than normal candlesticks. A Heikin-Ashi Candlestick is hollow (white) when the HA-Close is above the HA-Open. Conversely, a candlestick is filled (black) when the HA-Close is below the HA-Open. This is similar to normal candlesticks, which are filled (black) when the close is below the open and hollow (white) when the close is above the open.
While traditional candlestick patterns do not exist with Heikin-Ashi Candlesticks, chartists can derive valuable information from these charts. A long hollow Heikin-Ashi candlestick shows strong buying pressure over a two day period. Absence of a lower shadow also reflects strength. A long filled Heikin-Ashi candlestick shows strong selling pressure over a two day period. Absence of an upper shadow also reflects selling pressure. Small Heikin-Ashi candlesticks or those with long upper and lower shadows show indecision over the last two days. This often occurs when the two normal candlesticks are of opposite color.
Attachment 1942
The chart above shows QQQ with Heikin-Ashi Candlesticks over a four month period. The blue arrows show indecisive Heikin-Ashi Candlesticks that formed with two normal candlesticks of opposite color. Indecision can sometimes foreshadow a trend reversal. The red arrows show a strong decline marked by a series of Heikin-Ashi Candlesticks without upper shadows. This means the Heikin-Ashi Open marked the high and the remaining data points were lower. The green arrow shows a strong advance marked by a series of Heikin-Ashi Candlesticks without lower shadows. This means the Heikin-Ashi Open marked the low and the remaining data points were higher.
Doji and Spinning Tops
As with normal candlestick, Heikin-Ashi doji and spinning tops can be used to foreshadow reversals. A Heikin-Ashi doji or Heikin-Ashi spinning top looks just the same as a normal doji or spinning top. A doji is a small candlestick with an open and close that are virtually equal. There are small upper and lower shadows to denote little price movement.
Attachment 1943
Spinning tops have small bodies (open-close range) and long upper/lower shadows (high-low range). Despite a lot of movement from high to low, prices finish near their opening point for little change. This shows indecision that can foreshadow a reversal.
When using Heikin-Ashi Candlesticks, a doji or spinning top in a downtrend is not right away bullish. It just shows indecision within the downtrend. Indecision is the first step to changing direction. Confirmation of a directional change (trend reversal) is required though. Once chartists spot a doji or spinning top in a downtrend, it is time to set a resistance level upon which to base a trend reversal.
The example below shows Caterpillar (CAT) with a spinning top forming in late May (1). The trend is clearly down so a resistance level is set to define a reversal breakout (confirmation). CAT did break this resistance level a few days later, but the breakout failed. Not all signals are perfect. The downtrend extended and CAT then formed two doji in mid June. A resistance level was marked after the doji and CAT broke resistance to confirm a reversal.
Attachment 1944
Prices extended higher until the stock stalled around 110 in July. Two doji and an indecisive candlestick formed in mid July (3). Also notice that a clear support level was established. CAT broke support in late July to start a strong downtrend and confirm the trend reversal. A spinning top formed during this downtrend (4), but there was no upside follow through or reversal. Confirmation of a trend reversal is important.
Classic TA Patterns
Classic patterns and trend lines can also be used on Heikin-Ashi charts. In contrast to normal candlesticks, Heikin-Ashi Candlesticks are more likely to trend with strings of consecutive filled (black) candlesticks and strings of consecutive hollow (white) candlesticks. The chart below shows Apache (APA) falling with a string of filled candlesticks in late October. The Heikin-Ashi candlesticks formed a falling wedge and APA broke resistance with a surge in early November. A triangle consolidation then took shape as the stock consolidated in November. The upside breakout signaled a continuation of the bigger uptrend.
Attachment 1945
The next chart shows Monsanto (MON) with a classic correction in June 2011. The Heikin-Ashi Candlesticks were more than adequate to identify this correction and subsequent breakout. Notice how a falling channel formed as the stock retraced around 61.80% of the prior decline. The big breakout in late June signaled an end to this correction and resumption of the advance.
Attachment 1946
Conclusions
Heikin-Ashi Candlesticks provide chartists with a versatile tool that can filter noise, foreshadow reversals and identify classic chart patterns. In fact, all aspects of classical technical analysis can be applied to these charts. Chartists can use Heikin-Ashi Candlesticks to identify support and resistance, draw trendlines or measure retracements. Volume indicators and momentum oscillators also work well.
Heikin-Ashi: A Better Candlestick
Most profits (and losses) are generated when markets are trending--so predicting trends correctly can be extremely helpful. Many traders use candlestick charts to help them locate such trends amid often erratic market volatility. The Heikin-Ashi technique--"average bar" in Japanese--is one of many techniques used in conjunction with candlestick charts to improve the isolation of trends and to predict future prices.
There are five primary signals that identify trends and buying opportunities:
- Hollow candles with no lower "shadows" indicate a strong uptrend: let your profits ride!
- Hollow candles signify an uptrend: you might want to add to your long position, and exit short positions.
- One candle with a small body surrounded by upper and lower shadows indicates a trend change: risk-loving traders might buy or sell here, while others will wait for confirmation before going short or long.
- Filled candles indicate a downtrend: you might want to add to your short position, and exit long positions.
- Filled candles with no higher shadows identify a strong downtrend: stay short until there's a change in trend.
These signals show that locating trends or opportunities becomes a lot easier with this system. The trends are not interrupted by false signals as often, and are thus more easily spotted. Furthermore, opportunities to buy during times of consolidation are also apparent.
Very nice indi and explanation.
thx.
I'm thinking of combining Allheiken-Ashi_v2.1, Bbands_Stop_V3.0 and AllPivot_V3.7, than will have a new ishakas ashi for our forum. :)
Attachment 3245
New new ishakas ashi? yes it may be good.
can you upload template?
I attached here the template that include 3 indicators and name it AllHeiken-Ashi_trend.
I'm suggesting trade on 30min chart. BBand stop as stoploss point, pivot as target profit. Allheiken ashi as trend identifying. I will play this setup around next week, on major pairs.
Yes, it is interesting. Thanks a lot
Attachment 3255
Attachment 3256
I have forgot to include one more tools, JoGET#58 indicator. This tools display spread, daily average, Hi to Low in pips,, MA trend in multi tiemframe and so on. It can be use together or without it. doesn't matter.
Attachment 3258
First profitable trade - from pivot line to the nearest S1 or R1 :
Attachment 3274
Great ND, you catch the move. I miss the trade.
Do you know what I am thinking? I think we can use I_XO_A_H indicator (by default settings) for your system to filter false signals.
example when I_XO_A_H indicator confirmed the signals (buy or sell) :
Attachment 3286
Attachment 3287
example when this indicator did not confirm the signal (trade should not be opened) :
Attachment 3288
It is good idea to have I-XO-A-H as filter signal. I also have a look at AUDUSD today very choppy move, with I-XO-A-H we can avoid to open trade on this pair.
Attachment 3289
I did have a look at i-Trend but i think I-XO-A-H a better option.
For example EURUSD Chart with i-trend :
Attachment 3290
And EURUSD Chart with I-XO-A-H indicator :
Attachment 3291
This is how the system performing during nfp today.
profitable trade :
Attachment 3302
it should be small loss (I should close sell trade when the color is changed) ... so ... it was losing trade for me :
Attachment 3303
These are trades happened during Asian session today, GBPUSD and AUDUSD. Should be profitable using this trading system.
Attachment 3315
Attachment 3316
Just closed some small profit using this system, with initial deposit of 1k. US Session rather slow.
Attachment 3331
Just 2 trades are going to be profitable :
GBPUSD
Attachment 3337
and I hope - GBPJPY
Attachment 3338
Fist trade (GBPUSD) was closed by take profit, and I closed the second trade (GBPJPY) with small loss. First imagination - it works but risky ... it may be good to have EA for this system :
Attachment 3345
and this is the statement made by TradeHistory_V3 :
Attachment 3347
Thank you very much for this great indicator I really love it. If you could add an alert when the color changes,it would be EXcellent indicator.:(inlove):
Best Regards,
Don
hi guys !
could you please explain the indicators +JoGET#58+.mq4 and a bit I_XO_A_H.mq4 ? specially the first one .
thank you .
about I_XO_A_H - read color is for buy trades/signals confirmation, red color histogram is for sell confirmation.
For +JoGET#58+ indicator, here are the information :
Attachment 3811
EURUSD = symbol ;
SPRD = spread ;
D.Avg = daily average of range ;
HiLo = High to low in pips;
P2TOP = Pips to open price , if negative the indicator will show -pips;
Open = Today open price;
Pivot = Today pivot;
The next is current ask price, above it is timer, the timer can change when you change time frame.
The next one is multi time frame meter, number 1 represent M1, 2 = M5, 3 = M15, 4 = M30, 5 = H1, 6 = H4 and 7 = Daily. The meter core function is to show currency strength in particular timeframe, for example :
On the far corner it shows 3 level of support/resistance, depends on current price whether it is above pivot or below pivot.Code://H1_TREND
string H1Mid="",H1Pivot="",H1OPEN="";
double Open_H1 = iOpen(NULL,60,0);
H1OPEN = (DoubleToStr(Open_H1,Digits));
double H1r = iHigh(NULL,PERIOD_H1,1) - iLow(NULL,PERIOD_H1,1);
double H1R = (iHigh(NULL,PERIOD_H1,1) + iLow(NULL,PERIOD_H1,1))/2;
double H1P = (iHigh(NULL,PERIOD_H1,1) + iLow(NULL,PERIOD_H1,1) + iClose(NULL,PERIOD_H1,1))/3;
H1Mid = DoubleToStr(H1R,Digits);
H1Pivot = DoubleToStr(H1P,Digits);
//MarketH1
string SW01h1="",UP01h1="",UP02h1="",UP03h1="",
UP04h1="",UP05h1="",UP06h1="";
color Midplush1_clr,UPtp1h1_clr,UPtp2h1_clr,UPtp3h1_clr,
UPtp4h1_clr,UPtp5h1_clr,UPtp6h1_clr;
double Midnolh1 = (Open_H1 + H1P) * 1/2;
double UPtp1h1 = H1P + (H1r * 0.236);
double UPtp2h1 = H1P + (H1r * 0.382);
double UPtp3h1 = H1P + (H1r * 0.618);
double UPtp4h1 = H1P + (H1r * 0.764);
double UPtp5h1 = H1P + (H1r * 1.000);
double UPtp6h1 = H1P + (H1r * 1.236);
double DNtp1h1 = H1P - (H1r * 0.236);
double DNtp2h1 = H1P - (H1r * 0.382);
double DNtp3h1 = H1P - (H1r * 0.618);
double DNtp4h1 = H1P - (H1r * 0.764);
double DNtp5h1 = H1P - (H1r * 1.000);
double DNtp6h1 = H1P - (H1r * 1.236);
if (Price1 > Midnolh1) {SW01h1="n"; Midplush1_clr=SW2up_clr;}
if (Price1 < Midnolh1) {SW01h1="n"; Midplush1_clr=SW2dn_clr;}
if (Price1 == Midnolh1) {SW01h1="n"; Midplush1_clr=SW0_clr;}
if (Price1 > UPtp1h1) {UP01h1="g"; UPtp1h1_clr=UP0_clr;}
if (Price1 < DNtp1h1) {UP01h1="g"; UPtp1h1_clr=DN0_clr;}
if (Price1 > UPtp2h1) {UP02h1="g"; UPtp2h1_clr=UP1_clr;}
if (Price1 < DNtp2h1) {UP02h1="g"; UPtp2h1_clr=DN1_clr;}
if (Price1 > UPtp3h1) {UP03h1="g"; UPtp3h1_clr=UP2_clr;}
if (Price1 < DNtp3h1) {UP03h1="g"; UPtp3h1_clr=DN2_clr;}
if (Price1 > UPtp4h1) {UP04h1="g"; UPtp4h1_clr=UP3_clr;}
if (Price1 < DNtp4h1) {UP04h1="g"; UPtp4h1_clr=DN3_clr;}
if (Price1 > UPtp5h1) {UP05h1="g"; UPtp5h1_clr=UP4_clr;}
if (Price1 < DNtp5h1) {UP05h1="g"; UPtp5h1_clr=DN4_clr;}
if (Price1 > UPtp6h1) {UP06h1="g"; UPtp6h1_clr=UP5_clr;}
if (Price1 < DNtp6h1) {UP06h1="g"; UPtp6h1_clr=DN5_clr;}
The indicator can be place on any corner you like, from input parameter corner change it to 0, 1, 2 or 3.
For example corner 0 :
Attachment 3812
Corner 1 :
Attachment 3813
Corner 2 :
Attachment 3814
You can put it on subwindow also, just insert 1 on window input :
Attachment 3815
Hi ddon7650,
Please check out the updated AllHeikin-Ashi indicator with the advanced sound/email alert, which allow any number of repetitive sound alerts with different .wav files.
Code:extern int TimeFrame = 0; //TimeFrame in min
extern int MA_Period = 15; //Period of smoothing
extern int MA_Method = 0; //Method of Moving Average
extern double MinMove = 0.0; //in pips
extern string Alerts = "--- Alerts & E-Mails ---";
extern int AlertMode = 0;
extern int SoundsNumber = 5; //Number of sounds after Signal
extern int SoundsPause = 5; //Pause in sec between sounds
extern string UpSound = "alert.wav";
extern string DnSound = "alert2.wav";
extern int EmailMode = 0; //0-on,1-off
extern int EmailsNumber = 1; //0-on,1-off
Regards,
Igor
thank you guys for your answers !
Yes, sorry.
Indicator is attached to this post.
Hi Igor,
WoW, Thank you very much for your help. Really appreciated!
Best Regards,
Don
@matfx
can you please explain a bit more about the strength meter ?
i see 3 horizontal rows each with it's own colors and thier own names : jobbao, josignal and jogo . what are the rules for using the strength meter ? color must be the same for signal and trend for example ?
good luck !
Hello Igor,
I really like this indicator, but I would like a modification. I prefer the candles on the screen. I mean, I would like the candles directly on bars/candes instead of heiken ashi candles. Is it posible to paint on the price bar?
Regards and thank you.
FHTrading
Hi FHTrading,
Please check out the updated AllHeikin-Ashi_v2.3 indicator with ability to plot the color OHLC candles if the parameter ShowHACandles = false.
Code:extern int TimeFrame = 0; //TimeFrame in min
extern int MA_Period = 15; //Period of smoothing
extern int MA_Method = 0; //Method of Moving Average
extern double MinMove = 0.0; //in pips
extern bool ShowHACandles = true; //true-HA Candles,false-OHLC
extern string Alerts = "--- Alerts & E-Mails ---";
extern int AlertMode = 0;
extern int SoundsNumber = 5; //Number of sounds after Signal
extern int SoundsPause = 5; //Pause in sec between sounds
extern string UpSound = "alert.wav";
extern string DnSound = "alert2.wav";
extern int EmailMode = 0; //0-on,1-off
extern int EmailsNumber = 1; //0-on,1-off
Regards,
Igor
Hi Igor,
This was the indicator that I asked for
I really appreciate what you had done for me
Merry Christmas and Happy new year
Thanks as well.
Also appreciate!
- AllHeikin-Ashi_v2.3 indicator is on this post - indicator with ability to plot the color OHLC candles if the parameter ShowHACandles = false.
- AllHeikin-Ashi_v2.4 indicator for MT4 build 600+ is on this post. This is 2.3 version coded for 600+ build - This version works with Metatrader 4 build 600 and above.