Heikin-ashi candlesticks

Have a question about trading? Any questions are welcome. Go ahead!

Heikin-ashi candlesticks

Postby User » Thu Jul 09, 2009 9:07 pm

Forum transfer: Submitted by Tommy on June 4, 2007 - 22:49.

Is anyone here trades with Heikin-Ashi candles?
Are they any better than regular japanese candlesticks?
User
 
Posts: 376
Joined: Wed Jul 01, 2009 7:08 pm

Re: Heikin-ashi candlesticks

Postby User » Thu Jul 09, 2009 9:07 pm

Forum transfer: Submitted by 4Rex on June 16, 2007 - 12:49.

I like regular Japanese candlesticks. They are good for spotting support/resistance, readable in chart patterns and of course you can draw good trend lines with them.
IMO Heikin ones are only good in telling the trend.
User
 
Posts: 376
Joined: Wed Jul 01, 2009 7:08 pm

Re: Heikin-ashi candlesticks

Postby User » Thu Jul 09, 2009 9:07 pm

Forum transfer: Submitted by Forex trader on July 16, 2007 - 18:54.

Heikin-ashi candlesticks show trends beautifully. Also they are helpful for trailing stop traders: moving a trailing stop close to the last price bar becomes easier with heikin-ashi candles.
User
 
Posts: 376
Joined: Wed Jul 01, 2009 7:08 pm

Re: Heikin-ashi candlesticks

Postby User » Thu Jul 09, 2009 9:07 pm

Forum transfer: Submitted by Beyond on September 19, 2007 - 20:23.

A Genious made heikin-ashi candles! I always use them and recommend to everyone at least to test it, you will like those smooth trends they are able to show. I trade 30 minute charts and those candles help me more than anything else!
User
 
Posts: 376
Joined: Wed Jul 01, 2009 7:08 pm

Re: Heikin-ashi candlesticks

Postby User » Thu Jul 09, 2009 9:08 pm

Forum transfer: Submitted by User on July 13, 2008 - 20:17.

I think for trade entries heikin-ashi can be a bit confusing, so I use regular candlesticks for entry and then switch to heikin-ashi for traling stops. If a wick forms on a candle in the opposite direction of the trend - I'm out!
User
 
Posts: 376
Joined: Wed Jul 01, 2009 7:08 pm

Re: Heikin-ashi candlesticks

Postby User » Thu Jul 09, 2009 9:12 pm

Forum transfer: Submitted by manus168 on October 10, 2008 - 15:51.

It depends our trading system if we used like Isakas Kuskus By Zeman Oesentog it will be a our primary tools. But ussually i just used only for confirmation tools in my trade. Regards
User
 
Posts: 376
Joined: Wed Jul 01, 2009 7:08 pm

Re: Heikin-ashi candlesticks

Postby User » Thu Jul 09, 2009 9:12 pm

Forum transfer: Submitted by Diane Samuelsson on January 22, 2009 - 04:04.

Hello Guys,
I´m just beginning in Forex may you tell me how can I set Heikin-ashi candlesticks in MT4?
Thanks for your help!
Diane Samuelsson
Cambridge University
User
 
Posts: 376
Joined: Wed Jul 01, 2009 7:08 pm

Re: Heikin-ashi candlesticks

Postby User » Thu Jul 09, 2009 9:14 pm

Forum transfer: Submitted by User on January 22, 2009 - 12:36.

Hi Diane,
You need to download a custom indicator below,

then follow the instruction: How to add MT4 indicator.
Attachments
HeikenAshi.mq4
(3.64 KiB) Downloaded 718 times
User
 
Posts: 376
Joined: Wed Jul 01, 2009 7:08 pm

Re: Heikin-ashi candlesticks

Postby User » Thu Jul 09, 2009 9:16 pm

Forum transfer: Submitted by User on March 25, 2009 - 09:56.

HeikenAshi are the best, you cant compare then with the normal candlesticks. i use them also with the 30min chart and they give good profit if you learn how to fully use them.
More info on heiken candles here: http://forex-indicators.net/trend-indic ... ndlesticks
User
 
Posts: 376
Joined: Wed Jul 01, 2009 7:08 pm

Re: Heikin-ashi candlesticks

Postby User » Thu Jul 09, 2009 9:16 pm

Forum tramsfer: Submitted by User on March 27, 2009 - 00:07.

I downloaded the HeikenAshi.mq4 but it displays on top of the regular candlesticks. How do I make it so that the entire chart is in HeikenAshi style without the regular candlesticks showing underneath?
User
 
Posts: 376
Joined: Wed Jul 01, 2009 7:08 pm

Next

Return to Newbie questions & answers



cron