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

Attached is the image from last night when I posted this prediction. No big deal just a winning trade. There was a moment that the trade had a pause indicated by the blue bar and no other longer TF to indicate staying in. But if you study the system long enough even these tough calls will be handled easier with practice. Notice the short candle body and wick:body ratio in favor of wick. This is not a strong indication of a trend reversal.

[/quote]
Attached Image
Quoting steinitz
Attached is the image from last night when I posted this prediction. No big deal just a winning trade. There was a moment that the trade had a pause indicated by the blue bar and no other longer TF to indicate staying in. But if you study the system long enough even these tough calls will be handled easier with practice. Notice the short candle body and wick:body ratio in favor of wick. This is not a strong indication of a trend reversal.
[/quote]

So what do you consider a strong indication of a trend reversal? Personally, I would have thought that s short body and large wick would have been an indication of trend reversal.
Quoting steinitz
Attached is the image from last night when I posted this prediction. No big deal just a winning trade. There was a moment that the trade had a pause indicated by the blue bar and no other longer TF to indicate staying in. But if you study the system long enough even these tough calls will be handled easier with practice. Notice the short candle body and wick:body ratio in favor of wick. This is not a strong indication of a trend reversal.
[/quote]


huhhh... hello steinitz.. interesting ....but still blur with u holy grail ..
can u detail explain for me ... i play for longer time ... so can u explain with 4hour 1 day 1 week ..it can ?? or must 1 day 1 week 1 month ..

hope u can detail explain
No its not. This indicator is confusing once you are used to traditional Japanese candlestick charting. The high wicks are indications of reversals if the body is short as well. wick:body ratio in favor of wick length = less volatility.

So what do you consider a strong indication of a trend reversal? Personally, I would have thought that s short body and large wick would have been an indication of trend reversal.[/quote]
I don't undertand your question? You can use any time frame and any currency pair. Just make sure the TF's are at least double from each other i.e. 30, 1h, 2h or 1m, 5m, 15M or 5m, 10m, 20M or tick, 1m, 5m or 4h, 1d, 1w....etc

huhhh... hello steinitz.. interesting ....but still blur with u holy grail ..
can u detail explain for me ... i play for longer time ... so can u explain with 4hour 1 day 1 week ..it can ?? or must 1 day 1 week 1 month ..

hope u can detail explain[/quote]
Hi

does anyone have or know where to locate this exact same indicator for Tradestation 8.2?

Many thanks.
I definitely undertsand the entry mechanism and timeframe aspect of this strategy. I have a question though, mainly concerning the exit. I will use the 15min/30min/1H TF example.

Once the 15min chart signals an entry, I will look for the 30min chart for confirmation. If confirmation appears on 30min, I will enter at the close of the 30min.

Now the exit seems to be generally defined on the 1H TF. Once the HA signals a reversal in color, then exit the trade.

Here is my question. Generally in order for the 1H chart to signal an exit, it would be quite common for the HA on the 15m and 30m TF's to have signalled a valid entry in the opposite direction.

So. Do you ignore the valid reversal entry from the two lower TF's, or do wait for confirmation of the exit on the 1H, thus missing out on the valid reversal entry (probably too late).

Thanks for your time.
i first use Heikin candle from Erol B from .tradecurrency. CA <<< websites
you have to purchase that .. been using it for months now ... and discoverd forexfactory ..
if knew better .... i should never bought that, when i could get a similar system at FF websites ..

anyways ... i use heikin ashi with phil nel 4h macd system,
and all i'm looking for is a 0 line crossing on MACD... which i could just make an entry base Heikin ashi candle, but i'll wait for 2nd comformation ...
and ride along the trade ... with about 30 sl .. and 20 trailing stop

hope this a good info, for i am new to forex ...
Quoting mr.marketz
HOLY GRAIL... come on dude you haven't even tested this thing yet. Anyways I'll go easy on the bashing and contribute instead.

This an old set up I used to play around with - it incorporates what you guys are trying to do as far as entries based on multi time frames. This just makes it possible on one screen. Attached template (5M) and image, but it should be self explanatory.

Enjoy,
MM
Please can you tell me how these indicators work to show different timeframes? Is it the indictor in the window at the bottom? Sorry to be stupid.
Quoting jimbil
Hi

does anyone have or know where to locate this exact same indicator for Tradestation 8.2?

Many thanks.
Yes go to the TradeStation Forum and do a search for Heiken Ashi. I think it may also be called TTM Trend as thats what TradeTheMarkets.com calls their version which I think they copied from TSW.

I have it myself. But for the most part don't see much use for it as far as my style of trading goes.

Don't think we are allowed to post ELD's here or I would?

Good luck.
Its similar but there is also a Heiken Ashi indicator on TradeStation forums. Have been for years.
The neat thing about the Modified Hull's Moving Average ( post 73) is that you can adjust the period setting and plot three time frames on one chart.

I plot the following on the 4 hour chart ( I trade the Daily Fozzy, but want to get a better entry on the 4 H Chart).

 

  1. Period 8 (default setting)
  2. Period 48 (8x6 periods in Day)
  3. Period 240 (48x5 periods in Week)

You have the trend of the 4H Day Week on one chart (4 H).

The Bible makes reference to the power when two or three are in agreement. This is certainly true when it comes to trends in trading.

The change of color corresponding to slope (trend) change makes it real easy to see in a glance if the three trends are in agreement. If so, you have a higher probability trade and one that has the potential for more pips.

This can be used for all time frames, although, you will have to adjust the period settings. As JokerWild pointed out, it is similar to HA Candles. It has the added advantage of plotting three TFs on one chart which is great if you are scanning many pairs.

Is there an EA for this system to test?
Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
Excellent question! I have looked at the same thing you mention here and found a solution with better exit. Like you said enter on your 15m and confirm with the 30M. Now here is where I found a better entry. Don't worry I will address the exit soon.

The 3rd longest TF does not have to give a same trend color as the 2nd longest TF. In fact, for a better trade lasting longer look for the 3rd longest TF NOT showing the same color of desired trend but and opposite color. More importantly and needed at the same time is the candle stick or line graph of price needs to be moving up or down (depending on the initial direction of desired entry) close to and touching if possible the Heiken-Ashi candle.

Here is the reason: You will find that this is considered an early move since the longest TF, in this example the 1h has not quite changed colors but hinging in the desired direction which in time will cause the Heiken-Ashi candle to finally change color of the desired trade and you will find a perfect set-up.

Had you traded with the longest TF showing the same color as the initial trade you would have already been in the beginning or middle of that trend.

Now for the exit. If you wait for the 3rd longest TF to show an opposite color you waited too long and lost too much profit! So here is the answer. What ever TF you are looking at, if the Heiken_Ashi candle is turning the wrong color flip to the next longest TF and if that TF is looking strong STAY IN! If not strong EXIT. You might find that you started with a 15M, 30M and 1H and actually ride a long trend and exit on the 1D TF. You will love that trade!!!


Quoting rogerha
I definitely undertsand the entry mechanism and timeframe aspect of this strategy. I have a question though, mainly concerning the exit. I will use the 15min/30min/1H TF example.

Once the 15min chart signals an entry, I will look for the 30min chart for confirmation. If confirmation appears on 30min, I will enter at the close of the 30min.

Now the exit seems to be generally defined on the 1H TF. Once the HA signals a reversal in color, then exit the trade.

Here is my question. Generally in order for the 1H chart to signal an exit, it would be quite common for the HA on the 15m and 30m TF's to have signalled a valid entry in the opposite direction.

So. Do you ignore the valid reversal entry from the two lower TF's, or do wait for confirmation of the exit on the 1H, thus missing out on the valid reversal entry (probably too late).

Thanks for your time.
Yes it does look similiar and has the alerts. I like the change in candle bodies with the H-A-S however. Thanks anyway!

Quoting JokersWild
this indicator works in conjunction with or could replace the H-A-S imho plus it has email/sms alerts
Thanks JokerWild for turning me on to the HMA Modified. I had been plotting my own MAs for the 4H Day and Week, but the Hull is much better!

Watching the 3 Hull MAs interact is giving me the big trend picture plus the slope change coincides almost exactly with the Fozzy crossover.

I'm thinking about putting my indicators on the shelf for a while and trading just the momentum of the market using HMA on multiple time frames.

How do you use the stop losses and take profits that are on the indicator? I'm new to using TA, but have used 4XMadeEasy for some time.

Thanks Steinitz for starting this great thread. Although I'm using MAs instead HAs, we're basically doing the same thing. Plotting the 3 TFs on one chart to me is a plus.
Hi 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.
Hi Steinitz,

Did you ever get answers to your original questions? Mind sharing?

Thanks!
Quote
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?
Funny you should ask. But no I never received my original answers I am looking for. Any help would be appreciated.

Quoting stepwise
Hi Steinitz,

Did you ever get answers to your original questions? Mind sharing?

Thanks!
Does naybody know if the HMA indicator repaints? Also, there is a setting for yellow yet I see no yellow applied to any charts? Last question. When the blue turns to red or visa versa the Hull MA shows a price equal to price value 3. Once past this bar forward, value 2 or value 3 is the only value showing. Can someone explain what this indicator is doing?

Thanks

Quoting chazbo 3071
The neat thing about the Modified Hull's Moving Average ( post 73) is that you can adjust the period setting and plot three time frames on one chart.

I plot the following on the 4 hour chart ( I trade the Daily Fozzy, but want to get a better entry on the 4 H Chart).

 

  1. Period 8 (default setting)
  2. Period 48 (8x6 periods in Day)
  3. Period 240 (48x5 periods in Week)

You have the trend of the 4H Day Week on one chart (4 H).

The Bible makes reference to the power when two or three are in agreement. This is certainly true when it comes to trends in trading.

The change of color corresponding to slope (trend) change makes it real easy to see in a glance if the three trends are in agreement. If so, you have a higher probability trade and one that has the potential for more pips.

This can be used for all time frames, although, you will have to adjust the period settings. As JokerWild pointed out, it is similar to HA Candles. It has the added advantage of plotting three TFs on one chart which is great if you are scanning many pairs.

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