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2009.09.25 06:53
Heiken Ashi ZoneTrade

Heiken Ashi ZoneTrade - indicator for MetaTrader 4

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votes: 3

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 (8)
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

walsz
walsz | 16 Aug 2014 at 14:57
Hi

Could anybody please help me with compiling  Heiken Ashi ZoneTrade indicator.I keep getting this error.

" variable 'limit' not used    HeikenAshiZoneTrade1.mq4    120    11"
Sergey Golubev
newdigital | 18 Aug 2014 at 06:00

Forum on trading, automated trading systems and testing trading strategies

Indicators: iHeikenAshiSm

newdigital, 2013.11.13 14:09

Heiken Ashi Smoothed (based on asiapacfinance.com article)




In this video, we conduct a simple review of how we would trade the Heiken Ashi Smoothed MT4 indicator

In the Video above, the silver moving line is the price. The blue and red indicators are the Heiken Ashi bars. Blue indicates bullish momentum, while red indicates bearish momentum.

This indicator will probably work well in combination with another indicator. It reduces “fake-outs” and fake reversals while keeping you in trends with momentum indicated by the color of the bars.

Heikin Ashi is a type of trading chart that originated in Japan (heikin ashi translates as average bar). Heikin Ashi charts are similar to candlestick and bar charts in that they show similar information (the open, high, low, and close of the time frame), but Heikin Ashi charts calculate the information differently.

Heikin Ashi charts are used in trading in the same manner as standard candlestick or bar charts (i.e. chart patterns are used to indicate price movements). However, Heikin Ashi charts have an additional aspect in that the direction of the bar (i.e. its color for candlesticks) is supposed to indicate the overall direction of the market, while ignoring the intermediate direction (e.g. false changes of direction).


Sergey Golubev
newdigital | 18 Aug 2014 at 06:01

Forum on trading, automated trading systems and testing trading strategies

Indicators: Heiken-Ashi

newdigital, 2014.01.15 20:40

An Example of a Trading System Based on a Heiken-Ashi Indicator




With the appearance of candlestick chart in the U.S., more than two decades ago, there was a revolution in the understanding of how the forces of bulls and bears work on the Western markets. Candlesticks became a popular trading instrument, and traders began working with them in order to ease the reading of the charts. But the interpretation of candlesticks differ from one another.

One of these methods, which changes the traditional candlestick chart, and facilitates its perception, is called the Heikin Ashi technology.