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Heikinashi

MTF Heikin Ashi Best Indicator Created a brilliant MTF Heiken Ashi Indicator 4H and I think this work GREAT probably the best indicator on trading view. Go long when FIRST bright green appears and short for bright red, don't trade orange. Once colour is confirmed I use 1 hour chart for entry. If you would like this indicator please follow me. Also Send me a message asking for this indicator. This level of indicator you would normal have to pay a monthly subscription but I'm giving this away for FREE. If you need this for a different time frame I can still edit for you :) Enjoy
by FOREXandCO
FB Buying OpportunityPrice has flat-lined around the $160-$165 dollar mark. Appears to have found support at the long time lower trend line. RSI has bottomed at historic weekly RSI support. Weekly Stoch RSI forming a bullish cross-over. 1D MACD forming a bullish cross. Daily heikin ashi looks good, but still have bearish patterns on the weekly. This looks like it might be a good time to catch the bottom, while being cautiously optimistic. Keep in mind there have been a couple bull traps on the way down, but they have not been on such strong support lines (price trend & RSI). You could wait a little longer to confirm the uptrend as well. To be safe, you can set a stop slightly below the lower trend line. My opinion, not financial advice
NASDAQ:METALong
by green_brow
Real Price vs Heikin Ashi PriceHi! 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 closing ranges from 1 - 4 pips. There are intermittent spikes of up to 10 - 12 pips. These happen fairly infrequently (depending on the time frame being viewed). On average, HA prices are closer than I thought to real world prices. I would have expected an average greater than 1 - 4 pips. Spikes in difference often signify important points. Primarily they seem to signify new or continued trend activity in the relevant direction, but sometimes they can indicate tops or bottoms. Could be interesting to try and build a strategy around it. I'm not sure if I'll publish the Real Price indicator (it's literally just a few lines of code), but let me know if you want a copy of it. Cheers, DreamsDefined
Education
by DreamsDefined
3
Maxar Technologies ReboundFound support at the 23.6% retracement. Very over sold on the RSI and turning around in the RSI and the Stochastics. 1 week heikin ashi is indicating reversal. Fell through previous support, which is the first sell target. This matches up with the 38.2% retrace, around $50 - $51. If it breaks this resistance we have two more targets. The first is the previous support line, as well as the 50% retrace, about $60. It was also rejected at the 200 day MA, so it is important to watch this as a key point of resistance. If these two break, we are shooting for the 78.6% ($85) and the previous resistance ($90).
MLong
by green_brow