It seem this subject is in absence from here.
Recently I started to give more attention to Heikin-Charts. In a simple word, this kind of chart redraw the conventional candlesticks so they achieve another shape based on previous prices. Their calculation give us something like a moving average applied to candle's shapes.
So you can keep your chart almost free from any noise, including lines, moving averages, whatever. Keep it simple!
Attached you can find a lucky exemple of an intraday trade on EURUSD based on this tool. There is not any Holly Grail, we know , but it seems to be a usefull tool. I would like to hear your comments and experiences.
https://otraderdescodificado.files.w...i_20120417.png
Umbeluzi - April 17, 2012
Recently I started to give more attention to Heikin-Charts. In a simple word, this kind of chart redraw the conventional candlesticks so they achieve another shape based on previous prices. Their calculation give us something like a moving average applied to candle's shapes.
So you can keep your chart almost free from any noise, including lines, moving averages, whatever. Keep it simple!
Attached you can find a lucky exemple of an intraday trade on EURUSD based on this tool. There is not any Holly Grail, we know , but it seems to be a usefull tool. I would like to hear your comments and experiences.
https://otraderdescodificado.files.w...i_20120417.png
Umbeluzi - April 17, 2012
