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Heiken

Implementing Heiken Ashi CandlesKEY 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 pressure. Long up candles with small or no lower shadows signal strong buying pressure. ----------------------------------------------------------------- When paired with risk management tools, trading indicators can give you a clear insight into price movements. Heiken Ashi candlesticks resemble a typical Japanese candlestick, but several details differ from the traditional candlestick chart. Every Heiken Ashi candlestick has an upper candlewick, a shadow (lower candlewick) and a body – much like the Japanese candlesticks. However, a bar in the Heiken Ashi starts from the middle of the one before it and not where the previous one closed-a significant distinction. Each candle has a high, low, open and close, and thus the Heiken Ashi formula has four segments.The opening level is the midpoint of the previous bar; the Close of each bar is the average of high, low, open and close. If you’re aiming to catch persistent trends, then Heiken Ashi will be valuable. NOTE: However, day traders who need to exploit quick price moves may find Heikin-Ashi charts are not responsive enough to be useful. Also, due to no price gaps within Heikin-Ashi candlestick charts, risk management is harder to monitor. Using additional methods to watch risk is advised. The formula for calculating Heikin-Ashi candlesticks is as follows: Open= (Open of previous bar+ Close of previous bar)/2 Close = (Open + Close + High + Low)/4 High = the Maximum Price Reached Low = Minimum Price Reached *Hope this helped refresh your knowledge of Heikin-Ashi candlesticks or showed you a new trading strategy to use.
NASDAQ:CLSKEducation
by kingmidasLXIX
1
My simple Double Up strategy using Heiken Ashi candlesUSE the smoothed HA Candles indicator located in the indicator list. Combine that with the MACD and Bollinger Bands. Look for crossovers in the MAC D for Entry points on the 15 minute Time Frame. Riding momentum of the trend direction confirmed by the Heiken Ashi Trend color. For example if the HA candles are showing RED and price is beneath the 0.00 Line on the MAC D you are in a downtrend. using that knowledge wait for the blue MACD line to cross back up over the red line showing an uptrend move. COnfirm that move by seeing price action bounce off the bottom BOLLINGER bands band. once price in the HA CAndles turns green wait for the 2nd or 3rd HA candle to form. at that point price should be ABOVE the 0.00 line on the MACD signaling a strong move to the upside. somewhere in that location is your opportunity for an entry as well knowing it will be a strong move up. Using proper risk management set a SL at a resonable spot giving your TP no less than a 15 to 20 pip move. once that move has completed do the same in the opposite direction. DO NOT EXIT THE 1st MOVE UNTIL THE GREEN CANDLES SHOW AT LEAST 3 RED... always watching price action for major moves use the HA candles for further confirmation to either take TPs, add 2nd entries and ultimately exiting the trade... HAve fun and good luck
Short
by MrABanks
3
GBPUSD SHORT - WEEKLY timeframe - modified Heiken Ashi strategyUsing a modified Heiken Ashi system whereby one enters long or short at the next bar based on the body of the previous completed bar, even if it is a doji. A more traditional HA strategy takes a directional position following a trending candle. This modified strategy is more aggressive and more mechanical meaning one does not perform a full analysis of the instrument in addition to following the strategy rules. In this trade the body of last week's HA candle was red therefore we enter short at the open. Stop goes beyond the local high. This constitutes 1 risk unit. An approximate target is set at 2.5 risk units.
Short
by jhgcfmkl
1
XAUUSD LONG - WEEKLY timeframe - modified Heiken Ashi strategyUsing a modified Heiken Ashi system whereby one enters long or short at the next bar based on the body of the previous completed bar, even if it is a doji. A more traditional HA strategy takes a directional position following a trending candle. This modified strategy is more aggressive and more mechanical meaning one does not perform a full analysis of the instrument in addition to following the strategy rules. In this trade the body of last week's HA candle was green therefore we enter long at the open. Stop goes beyond the local low. This constitutes 1 risk unit. An approximate target is set at 2.5 risk units.
FX:XAUUSDLong
by jhgcfmkl
1
UKOIL LONG - WEEKLY timeframe - modified Heiken Ashi strategyUsing a modified Heiken Ashi system whereby one enters long or short at the next bar based on the body of the previous completed bar, even if it is a doji . A more traditional HA strategy takes a directional position following a trending candle. This modified strategy is more aggressive and more mechanical meaning one does not perform a full analysis of the instrument in addition to following the strategy rules. In this trade the body of last week's HA candle was long therefore we enter long at the open. Stop goes beyond 3 bars lower. This constitutes 1 risk unit. An approximate target is set at 2.5 risk units.
FX:UKOILLong
by jhgcfmkl
FTSE100 SHORT - WEEKLY timeframe - modified Heiken Ashi strategyUsing a modified Heiken Ashi system whereby one enters long or short at the next bar based on the body of the previous completed bar, even if it is a doji. A more traditional HA strategy takes a directional position following a trending candle. This modified strategy is more aggressive and more mechanical meaning one does not perform a full analysis of the instrument in addition to following the strategy rules. In this trade the body of last week's HA candle was red therefore we enter short at the open. Stop goes beyond the local high. This constitutes 1 risk unit. An approximate target is set at 2.5 risk units.
TVC:UKXShort
by jhgcfmkl
2 year Fibonacci Trend Analysis predicts Ethereum (ETH) to MOON!A two year Fibonacci trend based analysis indicates that Ethereum could surpass $1300 USD during the next crypto bull run. The trend started in December 14, 2018, swung high during June 15, 2019 and then retraced to the December 18, 2019 swing low. Since the Ethereum has rallied to the 61.8% fib ratecement and is finding support from the 7 day moving average and 38.2% retracement level. There is resistance from the 21 day moving average in addition to the 50% retracement level. If Ethereum can rally through these levels, 5 take profit targets should be noted. The first is at $396.81 and represents a 61.3% increase from current prices. The second is at the 1.618 fib extension or $570.05. The third represents the 2.618 fib extension at $850.37 or increases of 247%. The fourth take profit level is at $1130.72 and is the 3.618 fib extension. The final take profit point suggested by this analysis is at $1303.97 or an increase of 432%! Smash the like and watch my analysis here: www.youtube.com
BITFINEX:ETHUSDLong
by BigSkyCrypto
7
Ethereum bounced off 61.8% Fibonacci retracement level vs USDEthereum bounced off the 61.8% Fibonacci retrace level against the dollar from its December 2018 swing low to June 2019 swing high back to December 2020 swing low on the daily vs the dollar. Heiken ashi has turned red and selling pressure looked like it was going to test the 38% Fibonacci level but bulls bought the price action back to 50% retrace and the daily RSI cooled off to 75 after being in the mid 90’s. Longs entering now should take profits $288.36, $335.83 and $396.74.
GEMINI:ETHUSDLong
by BigSkyCrypto
This signal system is working brilliantlyHeiken ashi candles demonstrate trends with their direction, shadow, and shape. A Heiken Ashi alert is a great way to get INTO the trend, stay in the trend, and GET OUT when the trend is over. In a bull run like BTC is doing now, when the trend is over, its a great way to shop for a bottom in the trend, and add to positions. This reflects the techniques used in the Turtle Trader method. Further, if you need more confirmation if now is a good time to get in or stay away from a false breakout, observe the direction of the Chaikin Osc. as it indicates a difference between the 3, and 10 period averages of the accumulation distribution line, and can confirm that the HA candle is a good one to get in on, or to avoid.
BLong
by Imanoobtrader