Heiken_Ashi_Smoothed **Start Here** | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Why Are We Here? If you are really here for profits, please read! 145 replies

Fozzy e-book - noobs can start here 97 replies

Retail Sales? Trade Balance? What it means? Newbies ask here. Pros answer here. 9 replies

Poll - When did you start trading forex? Anyone had 10+ years here? 35 replies

Here is a free Calculator...I don't know if its been posted here before 3 replies

Attachments: Heiken_Ashi_Smoothed **Start Here**
Exit Attachments

Heiken_Ashi_Smoothed **Start Here**

  • #21
  • Mar 21, 2007 3:01am Mar 21, 2007 3:01am
Quoting steinitz
Can anybody think logically what could cause this?
Remember this indicator does not repaint. Also, this is a somewhat rare occurence.
Hi Stein, great method you're bringing in here.

Here is my thinking for MTF HAS
1st TF is exactly mirror current TF, so it will not repaint, but 2nd,3rd & 4th TF have not closed yet, so they may change the color, with the highest probability to 4th, 3rd & 2nd TF.

This indicator refresh every new bar in current TF, and when 2nd TF have not closed yet, its color can change, so we only expect 2nd TF really set the color when 2nd TF close.

Ok, here is by example : H1 is our current TF, H4 is 2nd TF, D1 is 3rd TF, initial time is 0:00.
here come next bar, time is 1:00, only current TF really set the color
then next bar, time is 2:00, only current TF that set the color
then next 2 bars, time is 4:00, both current TF and 2nd TF really set the color
then next 20 bars (or next day), 1st, 2nd & 3rd TF really set the color, so in this case, where 3rd TF is seen blue before, it can change to red, because 3rd TF just closed.

Hopefully my understanding from the source code is correct.

may be the author of this indicator can explain more clearly.
  • #22
  • Mar 21, 2007 3:06am Mar 21, 2007 3:06am
Bago,

How do you use BAT with this method ?

I try various setting, but it seems specific to each pair.

For GBPUSD, I use 3 & 3 with median price.
  • #23
  • Mar 21, 2007 3:30am Mar 21, 2007 3:30am
Hi Steinitz,

Thank You for your method. I am trying to use this method to scalp the market on a 1m,5m,15m and 60m time frame. Any suggestions for scalping or trading the Frankfurd/London Open when the market has a lot of momentum.

For Scalping I think the setup should be: (B-Blue, R-Red, one letter = 1 box or unit of time)

Long Scalp:

60m B
15m B
5m B
1m R

Short Scalp:

60m R
15m R
5m R
1m B


Would you say the 2 higher time frames 15m/60m or 1h/4h tells the direction of the trend if they are of the same color?

Thank You.

M. Hafiz
  • #24
  • Mar 21, 2007 4:14am Mar 21, 2007 4:14am
Before changing timeframe :
Attached Image



After changing timeframe to M5 and back to M1 :
Attached Image
  • #25
  • Mar 21, 2007 6:29am Mar 21, 2007 6:29am
Quoting mason
Hi Stein, great method you're bringing in here.

Here is my thinking for MTF HAS
1st TF is exactly mirror current TF, so it will not repaint, but 2nd,3rd & 4th TF have not closed yet, so they may change the color, with the highest probability to 4th, 3rd & 2nd TF.

This indicator refresh every new bar in current TF, and when 2nd TF have not closed yet, its color can change, so we only expect 2nd TF really set the color when 2nd TF close.

Ok, here is by example : H1 is our current TF, H4 is 2nd TF, D1 is 3rd TF, initial time is 0:00.
here come next bar, time is 1:00, only current TF really set the color
then next bar, time is 2:00, only current TF that set the color
then next 2 bars, time is 4:00, both current TF and 2nd TF really set the color
then next 20 bars (or next day), 1st, 2nd & 3rd TF really set the color, so in this case, where 3rd TF is seen blue before, it can change to red, because 3rd TF just closed.

Hopefully my understanding from the source code is correct.

may be the author of this indicator can explain more clearly.
-------------------------------------------------------------------------

Mason.....

I hear what you are saying about a longer TF candle needs to close based off of lower TF activity before displaying the correct color. In fact all charts work this way universaly since this is the nature of looking at more then one TF.

But this doesn't explain how a longer TF can paint quicker then a shorter TF. Look at that USD/CAD chart above again. Tell me how the 1day line can start painting earlier then the lower TF activities?

Thanks
  • #26
  • Mar 21, 2007 6:41am Mar 21, 2007 6:41am
Quoting mason
Before changing timeframe :
Attachment


After changing timeframe to M5 and back to M1 :
Attachment

Mason......

I see all the changes in Tf's which is really apparent here. What I don't see is the real time change in the platform to cause all the bars to update and display a much different color. For the record I don't see repainting but final updating is fine as it must work that way by nature of the way closed bars relate information to us.

Still confused!

  • #27
  • Mar 21, 2007 6:44am Mar 21, 2007 6:44am
Quoting mhafiz
Hi Steinitz,

Thank You for your method. I am trying to use this method to scalp the market on a 1m,5m,15m and 60m time frame. Any suggestions for scalping or trading the Frankfurd/London Open when the market has a lot of momentum.

For Scalping I think the setup should be: (B-Blue, R-Red, one letter = 1 box or unit of time)

Long Scalp:

60m B
15m B
5m B
1m R

Short Scalp:

60m R
15m R
5m R
1m B


Would you say the 2 higher time frames 15m/60m or 1h/4h tells the direction of the trend if they are of the same color?

Thank You.

M. Hafiz

The TF's you have posted are fine for what you are doing. Remember the longer out you go the less relevent those TF's become .

Example: A 1day TF has not effect on a 1M/5M scalp. Sometimes its good to think in extremes to figure out a question.......
  • #28
  • Mar 21, 2007 7:40am Mar 21, 2007 7:40am
Quoting steinitz
I am going to post another example of how a trade started long on $/CAD on a 30M TF and there was a crazy dip along the way and the rules kept you in this winning trade. There are times this would have been suicide to stay in but this example is for educational purposes only. The only hint that this trade could recover from the onset was that all TF's all the way up to monthly were blue!
Hi Steinz,
Thx for sharing with us your strategy and all the hard effort you have put in to document it!! It's people like you that make Forex Factory the success it is!

I have a question : Do you not put any saftey intial stop loss before you enter your trade? This in order to cut your losses if a trade goes against you or for example if their is some kind of price jump against you for any kind of reasons (like a news anouncment etc...)

How would you know what your risk is going to be without calculating upfront your stop and just keep rolling over with the different timeframes until they are all against you?

Thx for all your help and keep up the amazing work!

R.
  • #29
  • Mar 21, 2007 10:04am Mar 21, 2007 10:04am
Thanks for your efforts and for looking 11.000 hours at charts! (I have worked full-time with Forex for the past 9 months - so I have maybe "only" 2000 hours looking at charts....this is like flight captains that have to have a certain mileage to be good and able to fly that big 747 beast.....)

Here one question. What about this "boxes"?



Thanks again!

Peter.
Attached Image
  • #30
  • Mar 21, 2007 10:13am Mar 21, 2007 10:13am
Quoting steinitz
-------------------------------------------------------------------------

Mason.....

I hear what you are saying about a longer TF candle needs to close based off of lower TF activity before displaying the correct color. In fact all charts work this way universaly since this is the nature of looking at more then one TF.

But this doesn't explain how a longer TF can paint quicker then a shorter TF. Look at that USD/CAD chart above again. Tell me how the 1day line can start painting earlier then the lower TF activities?

Thanks
Well, we can call it HAS divergence then, as a sign for reversal, we can look for better price to enter.

My guess is once 1day change its color, it will change the last 24 1h-bars, and probably 4h-bars still manage to be the same color, since 4h is only 4 times rather than 24 times, but I think we need to experiment much more on how this multi timeframe indicator works.
  • #31
  • Edited 11:33am Mar 21, 2007 10:57am | Edited 11:33am
Quoting steinitz
Can anybody think logically what could cause this?

I mentioned this in the last thread #156 but never got a reply. Could the MTF be wrong? If you click the MTF, say 5min, the bottom row of the MTF is correct.( it matches the 5 min HAS candle pattern. HAS candle for candle, MTF dot for dot) Look at the next row up (MTF) on the 5 min TF (the 15min) See what it looks like....now click the 15TF and see if it matches the HAS candle pattern , like it should right?....It dosen't. But now the bottom row on the (MTF) 15TF is correct. Now do the same for each one, The first row ( MTF Bottom) is correct on all the time frames.

Or am I chiefing to much swag?
  • #32
  • Mar 21, 2007 12:29pm Mar 21, 2007 12:29pm
Quoting rancliff
Hi Steinz,
Thx for sharing with us your strategy and all the hard effort you have put in to document it!! It's people like you that make Forex Factory the success it is!

I have a question : Do you not put any saftey intial stop loss before you enter your trade? This in order to cut your losses if a trade goes against you or for example if their is some kind of price jump against you for any kind of reasons (like a news anouncment etc...)

How would you know what your risk is going to be without calculating upfront your stop and just keep rolling over with the different timeframes until they are all against you?

Thx for all your help and keep up the amazing work!

R.
I think stop losses are a personal choice. The strategy was meant to be used per my rules. Yes you can always have a stop loss in case of news and use it as a fail safe to not blow your account. I have mentioned many times that we all need to pull together to come up with an exit strategy.

This original stategy will sometimes make you a lot of money if you keep the trade going and other times you will give back all the profit with typically a breakeven or small loss. This is not acceptable. So here we are all pulling together with ideas.
  • #33
  • Mar 21, 2007 12:34pm Mar 21, 2007 12:34pm
Quoting petercross
Thanks for your efforts and for looking 11.000 hours at charts! (I have worked full-time with Forex for the past 9 months - so I have maybe "only" 2000 hours looking at charts....this is like flight captains that have to have a certain mileage to be good and able to fly that big 747 beast.....)

Here one question. What about this "boxes"?



Thanks again!

Peter.
Thanks for the thanks!

Those boxes are what a trader here named "Matsu" helped with to identify the candles that have a wick one color and a body another. It is written up in my word doc. Basically it shows a slow down or change in momentum. Red dot in center of blue body indicates a BLUE candle. Take a look at the candles to see those wicks.
  • #34
  • Mar 21, 2007 12:46pm Mar 21, 2007 12:46pm
Quoting mason
Well, we can call it HAS divergence then, as a sign for reversal, we can look for better price to enter.

My guess is once 1day change its color, it will change the last 24 1h-bars, and probably 4h-bars still manage to be the same color, since 4h is only 4 times rather than 24 times, but I think we need to experiment much more on how this multi timeframe indicator works.
I don't have an answer for this phenomenon
and it's bothering me. Yes it looks by reading the chart that the longer TF (1day) was moving long very early on. But how? That daily move required the assistance of the 1hr, 4hr to move strongly thereby pushing the daily blue. But the daily is blue already.

I again state that I don't see repainting by watching the lower TF's. Maybe somebody can look at the source code again and confirm that this indicator does not repaint.

Either way this indicator is awsome and in real time makes you money very nicely indeed. I just want to wrap my hands around this beast and understand it.

  • #35
  • Mar 21, 2007 12:49pm Mar 21, 2007 12:49pm
Look at this example of what I am referring to. Once again the Daily proceeded the lower Tf's. It looks like what was called earlier a "perfect divergence indicator". I am not buying that right now. We need answers here before we can dive into more startegies that I am holding off on. I know you guys are these best of the best and can answer this!

Attached Image
  • #36
  • Mar 21, 2007 2:29pm Mar 21, 2007 2:29pm
Steinitz..

Sorry to bother you with this as you are in the midst of sorting out other important issues with respect to this system, but I am unable yet to get it to work correctly, despite loading everything in as instructed.

Specifically, the 1Tpl loaded ok with the 4TF HAS Bar and 4TF HAS Bar2 showing up, but therein lies the problem.

The bars are red with a blue outline and they do not change.

The 1 TPL did not contain the HAS candles, so I loaded them in separately and they work fine.

Any help here would be deeply appreciated.
"I know how hard it is for you to put food on your family." George W. Bush
  • #37
  • Mar 21, 2007 2:40pm Mar 21, 2007 2:40pm
Quoting MarcoW
Steinitz..

Sorry to bother you with this as you are in the midst of sorting out other important issues with respect to this system, but I am unable yet to get it to work correctly, despite loading everything in as instructed.

Specifically, the 1Tpl loaded ok with the 4TF HAS Bar and 4TF HAS Bar2 showing up, but therein lies the problem.

The bars are red with a blue outline and they do not change.

The 1 TPL did not contain the HAS candles, so I loaded them in separately and they work fine.

Any help here would be deeply appreciated.
Sometimes you have to hit the 1 tpl once or twice which cleans up the bar colors. I have that happen here and haven't identified why that is. I will scroll from right to left on the charts and sometimes the bars look funny. Then I hit the 1 tpl and it cleans it right up.

Who new?
  • #38
  • Mar 21, 2007 2:48pm Mar 21, 2007 2:48pm
Still no change.. can't figure this out!
"I know how hard it is for you to put food on your family." George W. Bush
  • #39
  • Mar 21, 2007 4:48pm Mar 21, 2007 4:48pm
I just found a major problem with the 4TF HAS indicator. I was manually keeping track of the color bars and noticed it DID REPAINT. I am going to look at the HAS indicator itself to see if it repaints even though I looked at it earlier and it did not!

If the HAS indicator does not repaint (it shouldn't) I will be using it soley as my only lonely indicator. I guess Einstein was right. If somebody wants to look at the code and change it from repainting to stable I will use it. For now it's deleted off my platform!

  • #40
  • Mar 21, 2007 5:21pm Mar 21, 2007 5:21pm
I have now painted vertical red & blue lines on all 10 currencies I have on my platform. I am on the 5 minute TF. I am overlapping these lines on every 5M bar to see if any repainting occurs. I have already performed this exact exercise when I was first introduced to this indicator. Many hours later I saw NO REPINTING.

I am doing this again now on the 5M TF. Before I think I was testing the 1M TF. But I want something longer then 1M for intutive reasoning. I also found out that once the 4TF HAS indicator has been removed I no longer experience any FREEZES in my platform!!!!!

If we end up with the HAS indicator only there will be NO difference in how we go about trading based on the rules. This time you need to just manually switch the various TF's one by one to get lined up for the trade.

No worries!

0 traders viewing now