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2009.09.25 06:53
Heiken Ashi ZoneTrade

Heiken Ashi ZoneTrade - indicator for MetaTrader 4

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17814
Rating:
votes: 1

Author:

I'm not the autor of this script. The original ZoneTrade script http://codebase.mql4.com/en/code/8534 is developed by the Duke3D. The Heiken Ashi version of the ZoneTrade script is developed by the brother3th. Thanks to the autors of their work.

Description:

This script is based on this trading approach that integrates Acceleration/Deceleration Technical Indicator (AC) and Awesome Oscillator (AO) into the Heiken Ashi candlestick chart. In this way it is a lot easier to trade in the zone - the 4th dimension described by the Bill Williams in his book: New Trading Dimensions: How to Profit from Chaos in Stocks, Bonds, and Commodities (A Marketplace Book)

Accoding to the developer of the ZoneTrade indicator it is working in this way:
If the current bars of AC and AO are green, it shows that the zone is green.
If the current bars of АС and АО red, it shows that the zone is red.
If the bars of AC and AO are differently directed then the bar is colored grey (grey zone).


Image:



Last comments | Go to discussion (5)
MQL4 Comments
mql4_comments | 17 Oct 2009 at 17:54

Hey,

this looks good - the only thing I don't understand: Why you green so blue? ; )

Can anyone discribe (in 5 little words), what these zones are for? High possibility of bullish or bearish trends? Sorry for my dumbness.

TuRRiCAN

MQL4 Comments
mql4_comments | 5 Nov 2009 at 05:17

thank you so much this works very good and on the one hour tf

MQL4 Comments
mql4_comments | 7 Nov 2009 at 05:41
TuRRiCAN:

Hey,

this looks good - the only thing I don't understand: Why you green so blue? ; )

Can anyone discribe (in 5 little words), what these zones are for? High possibility of bullish or bearish trends? Sorry for my dumbness.

TuRRiCAN

I think the author means that the royal blue was described the green zone...sorry if i wrong.

TheRumpledOne
TheRumpledOne | 18 Nov 2009 at 03:10

Bliue Zone + Red HA = Blue??


Shouldn't that be Gray??


Look at first red bar from the left in the HA chart.

MQL4 Comments
mql4_comments | 19 Feb 2011 at 04:54

Sorry people how do you set up this indcator on meta trader 4? i seem to have problems on it.basaically it comes up but its the same as the usual candle sticks the grey candles dnt show up.i know the trade zone trade iam just not sure how to set this up on mt4.

need your help