GM - over last weekend whilst doing some heavy research, this MT4 froze up and I had to download a new copy - so loads of work to transfer indicators, etc etc. Thus I took time off to set up a new screen using Heinken Ashi candles as these smooth out some of the minor PA and may help others to stay with these difficult 1m swings. It took me hours to find this very useful version of the HA candles - searching in FF seems much more difficult than before!
The alert signal was via the PT MA Price Alert at the open of the 06:28 candle - green buy arrow. Given the current tight ranges, I was happy to exit for 20 pips in the higher volumed candle just 4 pips under the S&R level.
The two charts show the HA and normal candles which can be switched via the true/false option in the indiators edit box. I've also attached a couple of Pdfs on HA candles.....
PS my exit was also at the 61.8% retrace off my 15m chart
The alert signal was via the PT MA Price Alert at the open of the 06:28 candle - green buy arrow. Given the current tight ranges, I was happy to exit for 20 pips in the higher volumed candle just 4 pips under the S&R level.
The two charts show the HA and normal candles which can be switched via the true/false option in the indiators edit box. I've also attached a couple of Pdfs on HA candles.....
PS my exit was also at the 61.8% retrace off my 15m chart
Attached File(s)
Candles vs Heiken Ashi (black).mq4
5 KB
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449 downloads
Heiken Ashi Candles.pdf
484 KB
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747 downloads
Heiken Ashi Explanation.pdf
190 KB
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654 downloads
Trading Levels with WRBs