Quoting parisboy (https://www.forexfactory.com/showthread.php?p=12431897#post12431897)
{quote} Heikin Ashi helps Lazy Traders and rookies to identify Change in Trend (CIT) = Reversal USEFUL BUT NOT SUFFICIENT {image}
@Robots4me you are not missing anything .
It just meaned that if Heikin Hashi Candle Color change, it does not always mean it is a Reversal, you need additional confirmation(s) :
- Price Action reverse its trend in the vicinity of Centered Moving Averages (Mid-Bands) or Bands Upper or Lower limits (Edge-Band)
- Centered Moving Average Crossings defining Potential Targets
- or whatever indicator you find useful in this matter
{quote} Heikin Ashi helps Lazy Traders and rookies to identify Change in Trend (CIT) = Reversal USEFUL BUT NOT SUFFICIENT {image}
Disliked{quote} @parisboy -- very nice. I don't know about the brown moving average lines, but your blue-ish envelope with the Heiken Bands inside looks very similar to where we are headed. And if the offset from the midline is anywhere near the ADR then we are definitely on the same page. I know, I know -- the offset is some power of 2 -- like 8, 16, 32, 64, 128, 256 something... {quote} I like it. {quote} @parisboy -- what are we missing?Ignored
It just meaned that if Heikin Hashi Candle Color change, it does not always mean it is a Reversal, you need additional confirmation(s) :
- Price Action reverse its trend in the vicinity of Centered Moving Averages (Mid-Bands) or Bands Upper or Lower limits (Edge-Band)
- Centered Moving Average Crossings defining Potential Targets
- or whatever indicator you find useful in this matter
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