Heiken Ashi Idea

**excite2** · 07-02-2006 01:54 AM

Can anyone create a modified Heiken Ashi indicator that is based on a moving average instead of raw price data? Basing the Heiken Ashi on a JMA, T3 or Hull Moving average filters out whipsaws and makes the indicator extremely effective at pinpointing turning points. Almost too good to be true.

The Heiken Ashi in Esignal has this option built into the indicator. It is so effective that I've seen people who have used it for daytrading with good results. Too bad there is not one programmed for Metatrader.

Hopefully one of you programmers would be so kind as to take a shot at it...

Thanks.

**goldensight** · 07-02-2006 01:57 AM

I'm looking for this myself at the moment, I'm hoping a programmer has the time to take it on.

Originally Posted by excite2

Can anyone create a modified Heiken Ashi indicator that is based on a moving average instead of raw price data? Basing the Heiken Ashi on a JMA, T3 or Hull Moving average filters out whipsaws and makes the indicator extremely effective at pinpointing turning points. Almost too good to be true.

The Heiken Ashi in Esignal has this option built into the indicator. It is so effective that I've seen people who have used it for daytrading with good results. Too bad there is not one programmed for Metatrader.

Hopefully one of you programmers would be so kind as to take a shot at it...

Thanks.

**excite2** · 07-02-2006 03:16 AM

Quite a few other people have contacted me and have this on their wishlist also. Hopefully the programming gods will be kind and help us out...

**raff1410** · 07-02-2006 07:34 AM

Hi...
Heiken Ashi Ma... You can use simple, expotential, smoothed, and linear weighted ma...

Raff

**excite2** · 07-02-2006 04:09 PM

Thanks alot!

**scott TTM** · 07-02-2006 05:07 PM

Raff,

This is fantastic. Can you make it as a paintbar over a normal bar instead of as a candlestick? If you need a picture, I can post one for you... simply as the way that ASCTrend colors the bars. I would much appreciate it!!

SB

**mart-hart** · 07-02-2006 05:18 PM

Isnt the whole idea though that they are HA Candles ?

If it is a paint bar, It will then just be a ma cross signal.

I could be wrong though

Mart

Originally Posted by scott TTM

Raff,

This is fantastic. Can you make it as a paintbar over a normal bar instead of as a candlestick? If you need a picture, I can post one for you... simply as the way that ASCTrend colors the bars. I would much appreciate it!!

SB