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Heiken Ashi Smoothed variables

  • #1
  • First Post: Feb 1, 2010 4:46am Feb 1, 2010 4:46am
Hi everyone, first post for me here.

As the title states, this thread concerns the Heiken Ashi Smoothed custom indicator. I am curious on how the rules or conditions are set to change the color of the indicator(Red/Green for bull-trend and vice-versa)?
Have been papertrading and backtested this manually for some while and it looks interesting for an EA system. Thought's on this, anyone?


Thanks in advance,
- The Shark.
  • #2
  • Edited 5:34am Feb 1, 2010 5:25am | Edited 5:34am
Quoting frankshark
Hi everyone, first post for me here.

As the title states, this thread concerns the Heiken Ashi Smoothed custom indicator. I am curious on how the rules or conditions are set to change the color of the indicator(Red/Green for bull-trend and vice-versa)?
Have been papertrading and backtested this manually for some while and it looks interesting for an EA system. Thought's on this, anyone?


Thanks in advance,
- The Shark.
Heiken Ashi is one of my favorites as well and at one time I knew (or thought I did) it quite well. I still use it but I don't think much about it anymore. I think I know where you are going with the EA idea and it won't work very well in a ranging market. You will get whipsawed in and out of trades especially on the lower time frames. On the higher time frames you have trade and risk management issues to contend with and if you can't, you fail.

I think what is needed is something else to be used in conjunction like Moving Averages or Bollinger Bands. There is a discussion group about Dean Malone's Synergy strategy which includes Heiken Ashi in the second link. The first is another long winded trading group that uses Synergy as part of their strategy. That is the best use of it in a system that I am aware of. There probably are other HA EAs around as well. If I come across them I will post, but at the moment I can't recall where or if I saw them.

http://www.forexfactory.com/showthre...ne#post3380933
http://www.forexfactory.com/showthre...ne#post2224091
  • #3
  • Edited 11:18am Feb 1, 2010 6:17am | Edited 11:18am
Hi CodeMeister,

First off, thank you for your quick reply and most helpful links!

My situation is this: Just recently started exploring the MetaEditor availability with MetaTrader and found it very interesting. However, I have poor knowledge with computer programming and so I usually get lost pretty fast while trying to understand the coding behind indicators. Firstly, could you help me out on the Heiken Ashi, what rules are met to change the color of the bar?

Secondly, I am serious in learning programming, so I guess my follow up is if you(or others) have any recommendations for relevant literature on MQL. C+/PHP? ..


Again, thanks for putting in the effort.
- The Shark.
  • #4
  • Edited 5:36pm Feb 1, 2010 5:01pm | Edited 5:36pm

I had to take a bit of a refresher to better understand Heiken Ashi. I will try to keep this explanation simple, but if you have some programming background I suggest that you also check out the code. The simplest way to explain the colour change is that Blue means the Close is higher than the Open and Red means that the Close is lower than the Open. Of course with Heiken Ashi, the Close and Open prices are calculated from the current and previous bars and that is not so simple. That is what you should check in the code.


http://codebase.mql4.com/2754


This website is also the best resource for learning MQL4. For other languages I would recommend the Microsoft Develops website - they have some pretty tutorials.

After looking at the chart in the link, I would like to reiterate my concerns about an EA in post #2. If you use the rule of entering a trade on the opening of the next candle after the colour changes, I would say that the chart shows 2 good trades (the first and the last) and 4 losing trades. Granted the losses are small but a 33% win ratio is a tough way to make money and this is on a daily chart.


Good luck.

  • #5
  • Feb 1, 2010 5:25pm Feb 1, 2010 5:25pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting CodeMeister
Heiken Ashi is one of my favorites as well and at one time I knew (or thought I did) it quite well. I still use it but I don't think much about it anymore. I think I know where you are going with the EA idea and it won't work very well in a ranging market. You will get whipsawed in and out of trades especially on the lower time frames. On the higher time frames you have trade and risk management issues to contend with and if you can't, you fail.

I think what is needed is something else to be used in conjunction like Moving Averages or Bollinger...
Hey CodeMeister,

Just to say that your input is really appreciated at all times and is been looking forward to by me.

Cheers man, pips all your way
Being right is one, taking it from the table is two.
  • #6
  • Feb 1, 2010 5:29pm Feb 1, 2010 5:29pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting frankshark
Hi everyone, first post for me here.

As the title states, this thread concerns the Heiken Ashi Smoothed custom indicator. I am curious on how the rules or conditions are set to change the color of the indicator(Red/Green for bull-trend and vice-versa)?
Have been papertrading and backtested this manually for some while and it looks interesting for an EA system. Thought's on this, anyone?


Thanks in advance,
- The Shark.
Welcome at FF.

Thanks for bringing Heiken Ashi to our attention!
Being right is one, taking it from the table is two.
  • #7
  • Feb 2, 2010 1:35am Feb 2, 2010 1:35am
Quote
I will try to keep this explanation simple, but if you have some programming background I suggest that you also check out the code.
Oh, I wish..

Given the poor programming skills, could you please, if possible, try to explain the color-change part of the code simple? I have attached a copy of the current HAS Indicator I am using. Your help is much appreciated. (Guess I am bit of a leecher in this thread, hopefully I can even up on other subjects. )

That being said, I have decided to devote quite some time now learning computer programming. Subsequently starting with regular basics, and found the following book as a good introduction,
C++ All-In-One Desk Reference For Dummies Comments?

Regarding forum-based learning, I have done some reading on the MQL forum, but I think a lack of programming experience and unfortunately sometimes poor translation, the basics didn't "click" for me. Nevertheless, I find it most useful for asking questions and inputs from way more experienced colleagues.


Thanks for the fast replies and friendly welcome ,
- The Shark.
Attached File(s)
File Type: mq4 Heiken_Ashi_Smoothed.mq4   4 KB | 763 downloads
  • #8
  • Edited Feb 3, 2010 12:05am Feb 2, 2010 4:45pm | Edited Feb 3, 2010 12:05am
This is going to be really hard to do. Unless you understand the basics of program flow, I'm not sure what I can do. Here is the high level explanation of the indicator.

1. Variables are declared and initialized.
2. For each incoming tick, the MAs for the Open, Close, High and Low prices are calculated.
3. The Heiken Ashi calculations are done and the results are smoothed.
4. These values are mapped to the indicator's buffers for display on the chart.

2 to 4 are repeated over and over for each tick.

Here is where the colour is changed.

if (haOpen<haClose)
{
ExtMapBuffer7[pos]=haLow;
ExtMapBuffer8[pos]=haHigh;
}
else
{
ExtMapBuffer7[pos]=haHigh;
ExtMapBuffer8[pos]=haLow;
}


I know that may not be detailed enough, but you really need to understand basics first and then you can figure out the rest.


I remembered where I saw the HA EA. It was on another forum. I am attaching it. I have no idea how well it works but its a good place to start to learn about EAs. Unlike many other EAs on these forums, this one is easy to setup. I'm not sure about including a link (forum rules) but you can find it by searching for TSD and Forex. They have a pretty good discussion thread, but you will have to sign up.

I have to agree with you about the MQL4 website, its tough at times even for an experienced coder. Unfortunately, there is nothing better. But you can learn the basics of any language and apply them to MQL4.

I am not a fan of C++, so I won't comment on the book.

This is new thread I spotted late today (Tues) on FF. It is very advanced and goes beyond a simple Heiken Ashi. I don't understand it myself. It sounds as if it works well, but there have been many instances where something starts off well and then not so good. Perhaps this something that will give you a few insights.

http://www.forexfactory.com/showthread.php?t=218962
Attached File(s)
File Type: mq4 heikinashi-EA 7.0.mq4   7 KB | 1,226 downloads
  • #9
  • Feb 5, 2010 11:25am Feb 5, 2010 11:25am
Good evening FF!

I appreciate the reply CodeMeister, and FYI this was what I was initially looking for, so thanks alot!
I'll have a more detailed look at the EA attached this weekend as I am quite busy studying on weekdays.

If it is of any interested I would very much like to hear your reason for not being fond of C++. My reason for spending time with C++ is merely to understand MQL better and have a foundation to start writing my own EAs. But I must admit that after finishing the first 3 chapters the ability to write own programs alludes me.. If you have book suggestion on how to learn MQL, this is MUCH appreciated.


For the record, I started trading live this week with a HAS strategy. If there is any interested I could post a note here on how it goes.

Have a nice weekend all!
- The Shark.
  • #10
  • Feb 5, 2010 6:46pm Feb 5, 2010 6:46pm
Quoting frankshark
If it is of any interested I would very much like to hear your reason for not being fond of C++. My reason for spending time with C++ is merely to understand MQL better and have a foundation to start writing my own EAs. But I must admit that after finishing the first 3 chapters the ability to write own programs alludes me.. If you have book suggestion on how to learn MQL, this is MUCH appreciated.


[i]For the record, I started trading live this week with a HAS strategy. If there is any interested I could post a note...
I consider C++ to be too complex and a bit dated for use as a mainstream programming language. I much prefer C# or Visual Basic and to a lesser degree Java. A good way to learn MQL is to learn another language.

I would like to hear more about your HAS trading - the pairs, time frame and some general comments about market conditions and results.
  • #11
  • Feb 6, 2010 4:19am Feb 6, 2010 4:19am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting frankshark

For the record, I started trading live this week with a HAS strategy. If there is any interested I could post a note here on how it goes.

Have a nice weekend all!
- The Shark.
Sure, we are interested on how you go on with your live trading.
Being right is one, taking it from the table is two.
  • #12
  • Feb 7, 2010 4:20am Feb 7, 2010 4:20am
Yeah, in my situation I landed on C++ based on a recommendation from a friend who saw a screenshot of the MetaEditor and said it looked much like it. So my plan is just reading through the basics and compare with MetaEditor and leave out what (I think) is not relevant, at the moment. I will definitely look up on C#/VB also. Love exploring new stuff.

Regarding the trading, me and my joint account holder decided to start manually trading a slow and diversified strategy on a 1D TF, while continuing the EA read-up. In a nutshell it is based on S/R levels and HAS color change. And so far this week ended nicely up with 7/9 positions 100+ pip (floating) profit.

Nevertheless, what are your thoughts on leveraging up on "good" positions? E.g. what conditions or rules should be set to increase positions that have had some time and movement in a trending market?
  • #13
  • Edited 9:00pm Feb 7, 2010 3:17pm | Edited 9:00pm
I have never traded the Daily bars, so I'm not sure what useful advice I can offer. It strikes me that 7-9 positions is overtrading - on a 1H TF that is normal for a week but on the Daily chart, I don't know.

I agree with leveraging up when you see a "prime" entry point or the trade seems to be developing well. Others would argue that should never trade anything less than prime, but we all do. I'm not sure my experience with shorter TF can be helpful and its hard to define. I just get the feeling that the market is moving strongly (more than my pair) and that I am early in the move. One thing to look for is recent ranging conditions which might indicate that a new move is taking place.

Here is another link to a HAS related strategy. This is more to my liking than the others because he is mainly using HAS for exiting and the setup is easy to understand. I have no idea how it will work, but I may spend some time following it.

http://www.forexfactory.com/showthread.php?t=219514
  • #14
  • Last Post: Oct 5, 2014 9:00am Oct 5, 2014 9:00am
Ola!

I think what frankshark was looking for is this:
Inserted Code
// ----- HEIKEN ASHI(SMOOTHED)SIGNAL INDICATOR -----
// HA Smoothed indicator parameters (one but last parameter):
//          if HA candle/bar is RED (sell)      if HA candle/bar is BLUE (buy)
//             0 = body high                       0 = body low
//             1 = wick low                        1 = wick high
//             2 = body high                       2 = body low
//             3 = body low                        3 = body high
// 4, 5, 6 and 7 are close to those values above. To get Max & Min values use below code (from 'heikenashi EA 7.0'):
//    double hamax_curr, hamin_curr, hamax_prev, hamin_prev;
//    hamax_curr = MathMax (MathMax (MathMax (HA_2_curr, HA_0_curr), HA_3_curr), HA_1_curr);
//    hamin_curr = MathMin (MathMin (MathMin (HA_2_curr, HA_0_curr), HA_3_curr), HA_1_curr);
//
// I have taken above mentioned EA and modified Comment so it showed values for ha_0 to ha_3, and compared Heiken Ashi
// last bar to those values.
// To stay out of choppy (ranging) market one can use something like:
 
#define  CustomIndiName_1  "Heiken Ashi Smoothed"
extern double HeikenAshiDiff = 0.5;
...
   double HA2_0  =iCustom(Symbol(),HATF,CustomIndiName_1,HA1Method,HA1Period,HA2Method,HA2Period,2,HAShift);   // 2 = body high for sell & body low for buy
   double HA3_0  =iCustom(Symbol(),HATF,CustomIndiName_1,HA1Method,HA1Period,HA2Method,HA2Period,3,HAShift);   // 3 = body low for sell & body high for buy
 
if((ha_2 - ha_3) < HeikenAshiDiff) {trade_signal = goToBedAndStayOutOfTheMarket;} // if body of HA is small, don't trade
 
// I use similar logic for Moving Average and it works just fine - it stays out of choppy market: if difference btw. current MA
// and previous MA is small (MA is 'flat'), stay out of market.
I might be wrong, so check with your code.

Best regards,

Simon
S love nia
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