KEY POINTS: Heikin-Ashi is a candlestick pattern technique that aims to reduce some of the market noise, creating a chart that highlights trend direction better than typical candlestick charts. The downside to Heikin-Ashi is that some price data is lost with averaging, which could affect risk. Long down candles with little upper shadow represent strong selling...
I have been trading this system recently and have been surprised at how easy it is to trade with a predominant trend. Using a unique 3-indicator system composed of Heikin-Ashi + the DMI + Pitchforks allow a trader to reduce chart noise and stay in a trade until the trend has exhausted itself. The basic rules of the system include waiting for buy signals on both...
Simple buy signal for bitcoin using ROC (Rate of Change) and Heikin Ashi and weekly chart. Soon as ROC next turns positive buy (just a theory). NOT ADVICE. DYOR. Soon as monthly RSI starts to rise as well
A new candle type that I think I prefer to use because it does a better job showing trends and potential reversals than regular candles. If nothing else its another tool to help other than the usual indicators I use. I am going to start posting more educational material. We can all get the same team and help each make more money. The formula for these candles...
BITFINEX:BTCUSD Dear friends, This is the final part of the educational block, devoted to my big experiment of comparison of unusual price charts, identifying their advantages and disadvantages. The last chart described was Heikin Ashi candlesticks. In the last educational post, I found out that the indicator is often late; I also divided all possible Heikin Ashi...
Hi! This is just a quick study for my own curiosity. It maps out the real world closing price vs the Heikin Ashi closing price. I think I'll make the indicator a mainstay of my trading charts, as it's useful to see. It also makes manual backtesting more viable. Some interesting observations: Long-term average difference between real world closing and HA...
Trade current Heikin-Ashi monthly trend long or short/bonds/cash Reverse trade with a decisive break of the 7 period Moving Average at close of monthly candle Decisive means non-Doji candle with body 50% or more above/below the 7MA Doji or indecisive break of 7MA may just be consolidation, stay with current trend