Hi All,
Anyone trading or know how heiken ashi smoothed indicator works, please share your thoughts and findings.
Below is the daily chart of EURUSD and 4 hr chart of GBPUSD where I have added the attached heiken ashi smoothed indicator. When ever there is red bars with no wicks there is good movement in the price. As you could see in the below picture when a red bar is formed with no upper and lower wick, price goes down and I checked few more charts and the probability looks good when red bar don't have any wicks.
I don't see similar pattern on the green bar. I could not find any green bar without wicks. I am not sure why it doesn't have a no wick green bar similar to the red bar.
Do we need to change any parameter to get green bars with no wicks?
It will be interesting if someone can verify this and pot their findings.
Anyone trading or know how heiken ashi smoothed indicator works, please share your thoughts and findings.
Below is the daily chart of EURUSD and 4 hr chart of GBPUSD where I have added the attached heiken ashi smoothed indicator. When ever there is red bars with no wicks there is good movement in the price. As you could see in the below picture when a red bar is formed with no upper and lower wick, price goes down and I checked few more charts and the probability looks good when red bar don't have any wicks.
I don't see similar pattern on the green bar. I could not find any green bar without wicks. I am not sure why it doesn't have a no wick green bar similar to the red bar.
Do we need to change any parameter to get green bars with no wicks?
It will be interesting if someone can verify this and pot their findings.