Attachments: Heiken ashi scanner - daily analysis

Heiken ashi scanner - daily analysis

#1
First Post: Jul 6, 2020 6:21am Jul 6, 2020 6:21am

Xbeast
| Commercial User | Joined May 2016 | 182 Posts

Heikin-Ashi charts, developed by Munehisa Homma in the 1700s. Munehisa Honma was a rice merchant from Sakata, Japan who traded in the Dojima Rice market in Osaka during the Tokugawa Shogunate. He is considered to be the father of the candlestick chart.The man who invented the use of candlestick charts for finding and profiting from chart patterns.He was a billionaire trader on those days if we compared his net-worth with todays dollar.

#2
Jul 6, 2020 6:22am Jul 6, 2020 6:22am

Xbeast
| Commercial User | Joined May 2016 | 182 Posts

The Heikin Ashi Chart is used by technical traders to identify a given trend more easily. Because the Heikin-Ashi technique smooths price information and reduces Noise effectively, it makes trends, price patterns, and reversal points easier to spot. Candles on a traditional candlestick chart frequently change from up to down, which can make them difficult to interpret. Heikin-Ashi charts typically have more consecutive colored candles, helping traders to identify past price movements easily.

Heiken Ashi Scanner: https://www.mql5.com/en/market/product/51358 (All Timeframes - Additional Pattern Codes)

Heiken Ashi Scanner: https://www.mql5.com/en/market/product/51483 (FREE Version)

#3
Jul 6, 2020 6:23am Jul 6, 2020 6:23am