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The remaining flaw, however, is that in a 30 min, 1hour, or 4hour + time frame the display bars are so far away from actual price you cannot guage entry/exit effectively. You can guage trend, but the bars are as much as 50 pips above/below price.
Can we adjust the Heikin to just be smoothed instead of averaged? Perhaps this will result in the bars being actually on top of price.
It may also be VERY useful to code adjustable bars based on range size, not just direction (similar to renko). For instance, to set price ranges (say 10 pips, 5 pips, other).
If not, even just smoothing capability resulting in price accuracy would be a very effective accomplishment.
The remaining flaw, however, is that in a 30 min, 1hour, or 4hour + time frame the display bars are so far away from actual price you cannot guage entry/exit effectively. You can guage trend, but the bars are as much as 50 pips above/below price.
Can we adjust the Heikin to just be smoothed instead of averaged? Perhaps this will result in the bars being actually on top of price.
It may also be VERY useful to code adjustable bars based on range size, not just direction (similar to renko). For instance, to set price ranges (say 10 pips, 5 pips, other).
If not, even just smoothing capability resulting in price accuracy would be a very effective accomplishment.
Thank you.
Effect will be the same…
Look at the picture…
Red and RoyalBlue = HeikenAshiMa
Yellow and Orange = standard HeikenAshi smoothed by moving average… same period and method as HeikenAshiMa…
Effect will be the same…
Look at the picture…
Red and RoyalBlue = HeikenAshiMa
Yellow and Orange = standard HeikenAshi smoothed by moving average… same period and method as HeikenAshiMa…
I think the whole Heiken Ashi concept has been lost in this. Take any chart and pop two EMA's on it for example a EMA(20) based on the HIGH and an EMA(20) based on the LOW prices... now add this Heiken_Ma thing to the chart and set its Period simmilar to the EMA's used above in this case also 20...
What you get is basically a EMA channel, this is totally unrelated to the real Heiken etc.
I am using EMA channels as part of my exit system, having the Heiken_MA thing on a chart makes it just more visually appealing Like a prev. poster noticed, for entries, this is no good probably due to the fact that the relation to the TRUE Heiken Ashi concept has been lost.
Just my 1 Pip's worth to keep things in perspective.
I think the whole Heiken Ashi concept has been lost in this. Take any chart and pop two EMA's on it for example a EMA(20) based on the HIGH and an EMA(20) based on the LOW prices... now add this Heiken_Ma thing to the chart and set its Period simmilar to the EMA's used above in this case also 20...
What you get is basically a EMA channel, this is totally unrelated to the real Heiken etc.
I am using EMA channels as part of my exit system, having the Heiken_MA thing on a chart makes it just more visually appealing Like a prev. poster noticed, for entries, this is no good probably due to the fact that the relation to the TRUE Heiken Ashi concept has been lost.
Just my 1 Pip's worth to keep things in perspective.
Happy Hunting !
FX Sniper
Good point...
From one indicator to another, step by step, first concept + second concept + third concept +… …+ n concept… and out of perspective...
Show must go on…. Crazy...
Like a prev. poster noticed, for entries, this is no good probably due to the fact that the relation to the TRUE Heiken Ashi concept has been lost.
Step by step...
Linear Mode
