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UnknownUnicorn36161431

Heikin Ashi Trend Direction Strategy

UnknownUnicorn36161431 Updated   
Candlestick analysis Candlestick Analysis heikin-ashi heikinashi heikin candlesticksignals candlestickpattern candlestickspatterns
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candlestickanalysis candlestick heikin-ashi heikinashi heikin candlesticksignals candlestickpattern candlestickspatterns
Strategy based off Heikin Ashi candles and their correlation to common Japanese candlesticks . This strategy will signal a trend change when a candlestick closes above/below the opening price of a Heikin Ashi candle of the opposite kind.
Release Notes:
Added the ability to extend SL to opening candle's wick to prevent trades being stopped-out early.
Release Notes:
Added option to filter trades by Volume Pressure Composite Average.

Original code (converted wih the help of StackOverflow community - stackoverflow.com/a/73710342/467164):
Volume Pressure Composite Average with Bands by @XeL_Arjona
Release Notes:
Added the ability to open trades on trend-following candles only + to trade using the VPMA line.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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