HAS Indicator - Misc indicators & EA's | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Custom Indicators vs. Technical Indicators 6 replies

Lagging Indicators -vs- Leading Indicators 48 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Attachments: HAS Indicator - Misc indicators & EA's
Exit Attachments

HAS Indicator - Misc indicators & EA's

  • #1
  • First Post: Edited Mar 28, 2007 8:31pm Feb 28, 2007 8:03pm | Edited Mar 28, 2007 8:31pm
I am posting a screen shot of the wick length of the Heiken_Ashi_Smoothed indicator. The reason I am asking these questions is I think this indicator is about as close to the "holy grail" as I think I will find!

It is truly an amazing method to rid the whip saws and keep you in a trending trade. If not for finding this indictor I was ready to throw in the towel.

I thank the developer of this smoothed indicator and the author of this thread!

Now for my questions.

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?

Any help would be greatly appreciated!!!!!!!

Steinitz
Attached Imageshttp://www.forexfactory.com/attachme...1&d=1172579069
  • #2
  • Feb 28, 2007 8:12pm Feb 28, 2007 8:12pm
Wow. How do we get our hands on this indicator? Thanks


Quoting steinitz
I am posting a screen shot of the wick length of the Heiken_Ashi_Smoothed indicator. The reason I am asking these questions is I think this indicator is about as close to the "holy grail" as I think I will find!

It is truly an amazing method to rid the whip saws and keep you in a trending trade. If not for finding this indictor I was ready to throw in the towel.

I thank the developer of this smoothed indicator and the author of this thread!

Now for my questions.

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?

Any help would be greatly appreciated!!!!!!!

Steinitz
Attached Imageshttp://www.forexfactory.com/attachme...1&d=1172579069
"Loss and failure are inevitable but misery is optional"
  • #3
  • Feb 28, 2007 8:23pm Feb 28, 2007 8:23pm
I will attach the indictor and a screen shot so that maybe somebody can answer my questions on this amazing indictor. I just want to emphasize this is the holy grail for me. I understand how to interpret it and I look at 3 timeframes to see the entire picture.

I look at at 1m 5m 15m or 15m 30m 1h or 30m 1h 4h or 1h 4h 1d you get the idea. It's a lagging indicator by way of all the averaging the indicator performs. It averages the candle open, closes, highs & lows. It really keeps you in the trade and allows you to even pick a near beginning and near end of trend.

I love this indictor and my search over the past 8 years is OVER !!!!!!!!!!!!

Steinitz


Quoting carmel
Wow. How do we get our hands on this indicator? Thanks
Attached Image
Attached File(s)
File Type: mq4 Heiken_Ashi_Smoothed.mq4   4 KB | 4,612 downloads
File Type: ex4 Heiken_Ashi_Smoothed.ex4   5 KB | 3,085 downloads
  • #4
  • Feb 28, 2007 8:41pm Feb 28, 2007 8:41pm
Set the indicator with 2-6-3-2. This came from another author and I totally agree with his settings.

Study the candles how they start to form (tall wicks and small bodies) in the beginning of a trend. See how the wicks shorten and bodies enlarge in the middle of a strong trend. See how the wicks get longer and bodies shorten at the end of the trend.

Steinitz
  • #5
  • Feb 28, 2007 8:53pm Feb 28, 2007 8:53pm
I have included just an example of todays movement in the EUR/$. I am showing you the 15m, 30m & 1h. Notice the beginning down trend on the 15 minute and confirmed start of larger 30 minute down trend and the end of the up trend on the 1 hour denoted by the shorter candle body and higher wick (1hr).

God I love this country!
Attached Images
  • #6
  • Feb 28, 2007 9:02pm Feb 28, 2007 9:02pm
Basically it's just trading the cross of the 6 period triangular moving average. Unlike the real Heiken Ashi, I don't think the length of the wicks means anything with this indicator. Try putting a 6 period, .3 T3 on the chart with it . I think you'll see that it accomplishes the same thing.
  • #7
  • Feb 28, 2007 9:22pm Feb 28, 2007 9:22pm
Heiken Ashi Candles are very much like a moving average in that you get the big picture how the currency pair is trending. Looking at a chart of Heiken Ashi Candles can help you ride out the retracements and stay with the trend.

I plotted the setting of 2-6-3-2 as suggested over the various EMAs that I typically use and found it is almost identical to the 13 EMA (median) which I have found to be one of the most helpful EMAs.
  • #8
  • Feb 28, 2007 9:37pm Feb 28, 2007 9:37pm
Its the exact same as a smooth 8 period ma
Attached Image
  • #9
  • Edited Mar 28, 2007 8:30pm Feb 28, 2007 9:37pm | Edited Mar 28, 2007 8:30pm
Here's another to look over~
Attached File(s)
File Type: ex4 Heiken_Ashi_kuskus2.ex4   3 KB | 2,563 downloads
T
  • #10
  • Feb 28, 2007 9:54pm Feb 28, 2007 9:54pm
Thank you for your efforts.

If this works for you then dont look at any other indicators and dont take any notice of other people........ as a set up or system may suit one person and not the other.

What strikes me is the closing price line plot with the bars. It gives a nice commanding view of the big picture.

To handle the lagging nature, you use finer time frames. Great!

If you plot also the straight line trend lines in candle mode and then switch back to line plot, you have a nice simplified "model".

best
j
australia
  • #11
  • Feb 28, 2007 10:06pm Feb 28, 2007 10:06pm
Quoting steinitz
Set the indicator with 2-6-3-2. This came from another author and I totally agree with his settings.

Study the candles how they start to form (tall wicks and small bodies) in the beginning of a trend. See how the wicks shorten and bodies enlarge in the middle of a strong trend. See how the wicks get longer and bodies shorten at the end of the trend.

Steinitz
is this the entry??
  • #12
  • Feb 28, 2007 10:24pm Feb 28, 2007 10:24pm
It's amazing indicator.. thanks...
Can anyone make EA for this indicator?


  • #13
  • Feb 28, 2007 10:29pm Feb 28, 2007 10:29pm
Quoting jsh01
Thank you for your efforts.

If this works for you then dont look at any other indicators and dont take any notice of other people........ as a set up or system may suit one person and not the other.

What strikes me is the closing price line plot with the bars. It gives a nice commanding view of the big picture.

To handle the lagging nature, you use finer time frames. Great!

If you plot also the straight line trend lines in candle mode and then switch back to line plot, you have a nice simplified "model".

best
j
australia
I'd say more like "squint over".
  • #14
  • Feb 28, 2007 10:50pm Feb 28, 2007 10:50pm
The cable/yen pair tanked over 500 PIPS in (18 ) 4 hour bars or 72 hours.

If anybody out there has anything negative to say about this indicator then I dare you to show me ANYTHING else that beats this. I was going to take this information without posting any further and start trading seriously but wanted to give back to the very people that gave me this.

If you need a change in attitude go rent "The Secret". It will change your life and has been known for over 2000 years. Everyone from Einstein to Churchill new "The Secret". I feel my belief in the SECRET brought me here to this forum and now you will know the secret too.

Steinitz
Attached Images
  • #15
  • Feb 28, 2007 10:54pm Feb 28, 2007 10:54pm
I forgot to mention. I did not change the red arrow in all three timeframes; 30M, 1H and 4H. Also, this indictor does not re-paint.
  • #16
  • Feb 28, 2007 11:03pm Feb 28, 2007 11:03pm
Dude! I am on cloud 9. I don't even need to take a loratab today for the buzz.

I have read that article already and the author also has issues with the wick heights. It's funny how the Chinese invented candlesticks which I feel are excellent and now I am following some more chinese indicators that translate into "Average candle" hence Heiken Ashi.

We all know the Asians are from outer space and are here to teach us something new!

Quoting JokersWild
Sounds like you're on Cloud 9 Brother! Excellent- Here is an article from Sept 2004 you might find interesting.

http://www.ensignsoftware.com/tips/tradingtips57.htm
  • #17
  • Feb 28, 2007 11:06pm Feb 28, 2007 11:06pm
May i know how to take trade?

If M15,M30, and H1 signal Long so we Long? and vice versa?
And how about stop lost and take profit?

Thanks for the answer...
  • #18
  • Feb 28, 2007 11:22pm Feb 28, 2007 11:22pm
Basically you take the shortest TF and when you see a change in color from red to blue go long. However, not so fast buddy boy. You must look at the next TF that is double the previous i.e 15M to enter so you look at the 30M. If the 30M is not ALSO blue don't enter. A tpical trade would be the following:

15 minute is trending up and you see 1-5 blue bars. So the 15M has been moving up for a short while causing the 30 minute to just start creating it's 1st blue bar. Now go long. You can exit when the 30 minute just starts to hint of a red bar.

If you want a longer trade you can stay in until you see the 1 hour just turn from red to it's 1st blue bar. Now you exit on the 1 hour when you had enough fun or the blue bar on the longest TF being the 1h in this example just hints of a change in direction. That would be a small body with higher wick:body ratio and the start of a color change.

I hope this makes sense. Look at my charts !!!!!!! Study study study

Quoting budi_838
May i know how to take trade?

If M15,M30, and H1 signal Long so we Long? and vice versa?
And how about stop lost and take profit?

Thanks for the answer...
  • #19
  • Feb 28, 2007 11:33pm Feb 28, 2007 11:33pm
Hi steinitz,

Do you use any other indicator to filter the Heiken Ashi?
  • #20
  • Feb 28, 2007 11:42pm Feb 28, 2007 11:42pm
No I don't. You don't need to. Forget about Bollinger bands, RSI, etc . I have tried all those indictors and the number one reason for failure in my honest opinion is WHIPSAWS and fear! This indictor is remarkable in giving a simple color picture of change in supply and demand and most importantly keeps you in the move WITHOUT getting shaken out from the constant NOISE of the market.

By the way. It you see a nice trend in place and you want to enter in the process (I won't say middle) since we don't now the middle. Just make sure the candles are thick bodies in comparison to others and wick:body ratio is in favor of the body and enter when either the lower TF goes in the opposite direction OR the price moves close to the indicator. This will ensure you don't get in at the low of a down trend or at the high of an up trend.

It just gets better!

Quoting k3iroll
Hi steinitz,

Do you use any other indicator to filter the Heiken Ashi?
0 traders viewing now