Does anyone use the heiken ashi indicator? | Page 3 | Forex Factory

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Does anyone use the heiken ashi indicator?

  • #41
  • Oct 5, 2011 8:47pm Oct 5, 2011 8:47pm
I actually like HA candlesticks for some of my systems (traded for over 10 years now). If you can understand the strengths and weaknesses of the price benchmarking components on your chart you are just fine. If you do not have a good understanding of the various added components on your chart, this is where trouble can start (components added in addition to the raw price bar movements - HA candles, indicators, etc).

I do want some price smoothing within some of the systems I trade and HA candles work very well. HA candles provide a simplistic visual representation of smoothed price action, with the ability to identify expanding or contracting momentum (on a candle by candle basis).
  • #42
  • Oct 5, 2011 10:34pm Oct 5, 2011 10:34pm
Quoting LivestreamFX
I actually like HA candlesticks for some of my systems (traded for over 10 years now). If you can understand the strengths and weaknesses of the price benchmarking components on your chart you are just fine. If you do not have a good understanding of the various added components on your chart, this is where trouble can start (components added in addition to the raw price bar movements - HA candles, indicators, etc).

I do want some price smoothing within some of the systems I trade and HA candles work very well. HA candles provide a simplistic...

sweet, but words are just words to me.
get visual

can you show me a chart?
see how you trade
Have I got something on my face, SOLDIER?
  • #43
  • Oct 5, 2011 11:29pm Oct 5, 2011 11:29pm
Sure, I like HA THRUST bars after a period of squeezed bars for trend following set ups. Attached is an example in the CMEfx Euro for LONG scalping at the close of a HA THRUST bar.
Attached Image (click to enlarge)
Click to Enlarge Name: EU_MOMO_R4.jpg Size: 144 KB
  • #44
  • Oct 6, 2011 12:59am Oct 6, 2011 12:59am
Quoting LivestreamFX
Sure, I like HA THRUST bars after a period of squeezed bars for trend following set ups. Attached is an example in the CMEfx Euro for LONG scalping at the close of a HA THRUST bar.
wow cool..
so a thrust bar is something like accumulation is what i like to call it. Its a period of gathering of momentum before the momentum itself am i correct?

looks good, livestream,
what are your results on this?
Have I got something on my face, SOLDIER?
  • #45
  • Oct 6, 2011 1:02am Oct 6, 2011 1:02am
Getting a few questions about my chart so this should clarify;

Top pane is HA Candles

Mid pane is Price Candles (Renko's)

Lower pane is BID/ASK order flow differential (market order flow tracking)

* Price in mid pane is indexed with a sine weighted price channel I use - to help see price positioning within price action - trend following benchmarking
  • #46
  • Oct 6, 2011 1:26am Oct 6, 2011 1:26am
Quoting bumapatria
wow cool..
so a thrust bar is something like accumulation is what i like to call it. Its a period of gathering of momentum before the momentum itself am i correct?

looks good, livestream,
what are your results on this?

I like to buy into a trend that has good order flow plotting as I get a THRUST style of HA candle (after a short term pause in price momentum - or squeezed HA candles). Entry after first strong THRUST style HA candle combined with solid order flow plotting are my preferred set ups (for trend following scalping). I do pay attention to price position within price channel for entry determinations.

I trade 2:1 set ups (first target at 2:1 for 2/3'rds position out - last 1/3'rd runner) discretionary with profitable weeks/profitable month. This is just one type of trading I do for intraday action.
  • #47
  • Oct 6, 2011 10:50am Oct 6, 2011 10:50am
Quoting effilang
You shouldn't make such bold statements, because they are obviously founded on inexperience.

HA is perfectly capable of being utilized as a stand alone system and is extremely profitable when applied correctly.
I don't make statements out of ignorance,
they come from hard work and trial and error plus plenty of backtests,
AND forward tests, it has been a looser every time.
for your information, Im not a novice trader,
I have been trading every day fulltime for allmost 3 years.
not saying that is a very long time but I do have plenty of screen time
to know what Im talking about.
Im just letting you know my experience with the smooted one,
you will get in to late and get out to late, loosing a lot of pips in the process.
but be my guest and find out for your self.
Bulls are stupid Animals!especially when Im short!
  • #48
  • Oct 6, 2011 11:21am Oct 6, 2011 11:21am
Quoting roughtrader
I don't make statements out of ignorance,
they come from hard work and trial and error plus plenty of backtests,
AND forward tests, it has been a looser every time.
for your information, Im not a novice trader,
I have been trading every day fulltime for allmost 3 years.
not saying that is a very long time but I do have plenty of screen time
to know what Im talking about.
Im just letting you know my experience with the smooted one,
you will get in to late and get out to late, loosing a lot of pips in the process.
but be my guest and find...
You are making a lot of presumptions. I used the word "inexperience" to underline your lack of positive experience in implementing HA profitably. How long you have traded is irrelevant to whether you have found a viable method to use HA.

Your statements leave no room for discovery. I strongly recommend traders dedicate their time to explore the potential of HA's on their own. Don't take anyone else's word for it, and don't be discouraged by negative statements.

Where one man fails another succeeds. Don't speak with such authoritative conclusiveness in casting a dark light over HA based on your personal experiences, instead, keep an open mind.

Just my two cents.

You can put your guard down, no need to start dropping credentials here.
I am not questioning your capacity as a trader, i am just emphasizing the endless potential, both for profit and loss, depending on how an indicator is implemented, be it lagging or otherwise.
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #49
  • Oct 6, 2011 12:13pm Oct 6, 2011 12:13pm
Quoting effilang
You are making a lot of presumptions. I used the word "inexperience" to underline your lack of positive experience in implementing HA profitably. How long you have traded is irrelevant to whether you have found a viable method to use HA.

Your statements leave no room for discovery. I strongly recommend traders dedicate their time to explore the potential of HA's on their own. Don't take anyone else's word for it, and don't be discouraged by negative statements.

Where one man fails another succeeds. Don't speak with such authoritative...
fair enough.
I only stated my personal experience with the indicator,
with that said Im not claiming that nobody can be profitable using it,
just that I never did personally.
Bulls are stupid Animals!especially when Im short!
  • #50
  • Jan 21, 2013 8:07am Jan 21, 2013 8:07am
I used the Heikin Ashi charts combining with Fibonacci ratio with some success. Trends starting and ending could be identified easily.
  • #51
  • Jan 22, 2013 10:08am Jan 22, 2013 10:08am
I trade based on a mix of the Genesis and THV systems...and all my candles are HA candles. Makes it a lot easier to see trends, and you can even use those candles to manage your stop losses.
  • #52
  • Jan 23, 2013 1:14am Jan 23, 2013 1:14am
I modified the Heikin Ashi charts and included the use of Fibonacci ratio to determine strength of candles for trading signals and stop-loss values.
To explain the trading system, I wrote a Kindle book titled "the Modified Heikin Ashi Fibonacci Trading System, and made it available at amazon.
Do glance at it and give me your views.
  • #53
  • Jan 23, 2013 7:24am Jan 23, 2013 7:24am
The heiken ashi technical indicator is great tool that shows the market price in a unique way than the common candlestick chart. Heiken ashi uses a smoothing calculation to identify the market trend, and can be traded to make money. I use heiken ashi indicator in my trading strategy.
  • #54
  • Jan 25, 2013 6:58am Jan 25, 2013 6:58am
Heiken Ashi is basically all I use, I keep a 72 EMA moving average on the chart also just for trend direction but I could just as easily go to a longer time frame and find that out.

Once you understand what the HA is doing you can jump it before the candle turn and make very consistent short term gains.
  • #55
  • Jan 27, 2013 1:03pm Jan 27, 2013 1:03pm
I am sure that many traders find HA candles useful, but I don't like that they can often obscure the real highs or lows and open or close of a candle.
When using with a system/indicator, just eyeballing the charts can give a false impression of how well the system works.
Just last week I saw on one of the threads, somebody posted a chart where he claimed that he had entered a long at the open of the HA candle (H4). Amazingly, he managed to enter at more than 40 pips below the actual candle open and price never actually touched his "entry" level.
Obviously, he had not entered a trade, but spotted one that worked well with hindsight and posted to say "look at what a great trader I am"
The lesson here is, if using HA, test thoroughly and make sure that you use the real price for entries/exits. Don't just eyeball historical charts.
Please Do Not PM Me With Coding Enquiries
  • #56
  • Last Post: Jan 28, 2013 1:02am Jan 28, 2013 1:02am
Quoting Gumrai
I am sure that many traders find HA candles useful, but I don't like that they can often obscure the real highs or lows and open or close of a candle.
When using with a system/indicator, just eyeballing the charts can give a false impression of how well the system works.
Just last week I saw on one of the threads, somebody posted a chart where he claimed that he had entered a long at the open of the HA candle (H4). Amazingly, he managed to enter at more than 40 pips below the actual candle open and price never actually touched his "entry" level.
Obviously,...

You are correct, everything will look very rosie and very very obvious if you think that the HA candles are a direct representation of price and this is definatly not the case!

If you want to look at entries and exits historically on the platform i normally use you have to switch back and forth from regular candles which is a pain. But on MT4 you can set it to have the HA candles with the entry and exit pins from the pinbars poking out, and that is probably the easiest way to see the relationship.
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