This is my main heikin-ashi system.
Heikin-Ashi is a Japanese indicator that means ‘average bar’
Its main purpose is to show the general trend and the strength of each trend, it also gives clues to when a trend change may happen. Heikin-Ashi is a powerful tool that can be used in swing trading to make big profits!
The following is a simple but very useful system. The entry criteria is as follows:
Indicator 1 = Down-move to bottom of donchian channel or bottom band, normally a wick that touches it, as seen on the chart
Indicator 2 = Oversold on stochastic (stochastic is low) and ready to head up.
Indicator 3 = heikin ashi doji which is indicated on the chart (green) strong entry, (red doji) slightly weaker entry.
Live ideas about this system coming soon!
Heikin-Ashi is a Japanese indicator that means ‘average bar’
Its main purpose is to show the general trend and the strength of each trend, it also gives clues to when a trend change may happen. Heikin-Ashi is a powerful tool that can be used in swing trading to make big profits!
The following is a simple but very useful system. The entry criteria is as follows:
Indicator 1 = Down-move to bottom of donchian channel or bottom band, normally a wick that touches it, as seen on the chart
Indicator 2 = Oversold on stochastic (stochastic is low) and ready to head up.
Indicator 3 = heikin ashi doji which is indicated on the chart (green) strong entry, (red doji) slightly weaker entry.
Live ideas about this system coming soon!