DislikedFunny you should ask. But no I never received my original answers I am looking for. Any help would be appreciated.Ignored
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ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies
DislikedHi All,
First, thanks so much for this post - I definitely would love to implement it in my trading!
I am new to this forum so I am not sure how Tradestation users are viewed
I am a developer so I have no problems coding this indicator in TS 8,2 (and can share it once I'm done), but I was hoping someone could give me the formula breakdown - completely new to this indicator.
I have looked at the ones on the TS forums but the don't quite look the same as yours, and based on what I see, I would much prefer to do it exactly as you have it.
Again, to start with, I just need the formula details - then I can review these posts and study to determine how to best read the indicator.
Many thanks in advance!!!
Cheers.Ignored
DislikedHi Stepwise
I agree. The TTM trend is not Heiken Ashi, and the Heiken Ashi on TSW are different to this one, as there is an up, down and a warning colour.
The HMA's on TSW or also different to the ones discussed here, i think.Ignored
DislikedHi everyone,
I have been setting this up and trying to test the smoothed HA out, but I just had a few questions.
First of all, lets use the 15m, 30, 1h timeframes. So you start to see blue candles on the 15m chart and wait for the 30m chart to start forming its 1st blue candle. Wait for the candle to finish forming in the 30m TF and then enter as the price moves upwards from the HA candle. All this is done before the 1h candle has started to become blue. So now you are in and the 15m candles are starting to go red, so you wait till the 30m candles start to go red, and exit BEFORE the 1 hr candles become red because that way you will still have profit. Now that you have exited, HAS A PERFECT SHORT opportunity arisen? and do you enter a short position immediatley?...I say this because for you to have exited form your long position, you will have had all the same confirmations as you would have had if you were not in any position and waiting for the sell??
My second question, is how do you get those bands on the charts that touch all the wicks of the HA smoothed candles?
Any help on either of these points would be greatly appreciated.
THANKS VERY MUCH!Ignored
Dislikedsteinitz
I have been using this system since last year trading live [only demo'ed for less than a month], and it has worked for me. Its my primary trading system for trending and ranging markets.... I know there are many skeptics, but what works for one may not work for another - just like many other systems posted here and elsewhere.Ignored
Disliked
1. Obviously a bigger candle body a bigger move but what does the upper wick tell us about the trend strength?
2. Why are there so many upper wicks compared to almost non-existent lower ones?Ignored
DislikedThanks Chazbo- I had not considered that. One of my favorite charts combines a simple stochastic and the Hull Moving Avg. With the sms alerts, it makes it extra special. I keep a chart active for all pairs.Ignored
DislikedHi Steinitz,
I am new to this indicator and with the lack of formula information, I am learning by coding to match your images (don't have MetaTrader just TS).
So, it looks like your two questions are very much related.
I can answer question #2.
Body = range between Open and Close
Wick = range between High and Low
From what I can tell (again, based on my own programming and no access to the actual formula used), the wicks are on top to give a clearer picture of the actual differences between body and wick. I achieved this same look in TS by determining the range of the Open and Close and showing that as the body from the low of the bar.
I personally like this as it is a consistent / smooth view of what is happening.
I believe you answered question #1 in previous posts.
The larger the wick and the shorter / smaller the body the closer we are to a turn (change in trend)?
I have programmed this using a basic smoothed average but I know it is not the actual smoothing function used.
One start to this might be an explanation of what the parameters 2-6-3-2 pertain to.
Any insight into this would be greatly appreciated.
Cheers.Ignored
Dislikedthanks for the reply steniz...some interesting points raised there.
Just talkingmore about the stop and reverses, if you got confirmations, then technically, you would never be out of the market, you would either be short or long. .... i mean this is if you had enough time to be at your computer all day and just keep reversing the trades when you got more confirmation signals.
One quick question about that though, when the market is going sideways, there may be times when the 15m candles start to turn blue and signal a long entry, so you look at the 30m which turn blue as well then you enter, but after 2 or 3 blue 30m candles, they start to go red again, so you would you exit at a loss or look at the 1h TF? there are lots of times from the charts where you only get 2 or 3 blue 30m candles and then 2 0r 3 red candles, and they chop and change colour a few times before you get any real trend going. So I think what I'm saying is how do you filter out these "noises" in the market?Ignored
DislikedAttached is market action today. I am showing you Cable/$$$ on a 1M, 5M and 15M. See the entry on the 1M. See how it confirms with the 5M (small red wick on a blue body). This is a great indication in change in direction by the way. See the price moving/pointing towards the 5M. You want to this this on any longer TF regardless.
Let me say that again. You want to see the price moving/pointing towards the HAS candle. This action of course is what drives the candles to change color in the first place.
Now look at the 15M It really wouldn't look like this on the 1M TF since this is AFTER THE FACT. But you can see the area I am showing you denoted by the arrow. Again the most important thing to notice on this longest TF is not the color of the HAS candle but the direction of price in relationship with the HAS candles.
Today I booked 55 PIPS on Cable/$$ and 383 PIPS on Cable/Yen all within 2 hours of market open.
"If I was a rich man dada deedie dada dedie deie dum?"Ignored
DislikedHey Steinitz,
Now I know I really need more info since I definitely don't know how a red candle shows up on a blue body.
Also, I have been doing the research but the smoothing factor is just not the same as what is here...missing something.
Do you know if those ex4 (Metatrader) indicator files expose the code that I would be able to look at?
If someone knows how to open up the code view for this indicator in Metatrader and can post / send the text viewable code, I would be VERY grateful.
This would be all I need. I am very eager to learn more about this indicator - but I have to actually have the right indicator to begin with.
Thanks!Ignored
DislikedHi. Can you tell me how you use it in ranging markets please (tranding is obvious).
Thanks.Ignored
DislikedHi everyone,
I have been setting this up and trying to test the smoothed HA out, but I just had a few questions.
First of all, lets use the 15m, 30, 1h timeframes. So you start to see blue candles on the 15m chart and wait for the 30m chart to start forming its 1st blue candle. Wait for the candle to finish forming in the 30m TF and then enter as the price moves upwards from the HA candle. All this is done before the 1h candle has started to become blue. So now you are in and the 15m candles are starting to go red, so you wait till the 30m candles start to go red, and exit BEFORE the 1 hr candles become red because that way you will still have profit. Now that you have exited, HAS A PERFECT SHORT opportunity arisen? and do you enter a short position immediatley?...I say this because for you to have exited form your long position, you will have had all the same confirmations as you would have had if you were not in any position and waiting for the sell??
My second question, is how do you get those bands on the charts that touch all the wicks of the HA smoothed candles?
Any help on either of these points would be greatly appreciated.
THANKS VERY MUCH!Ignored