Heiken Ashi Idea

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excite2
229
excite2  

Can anyone create a modified Heiken Ashi indicator that is based on a moving average instead of raw price data? Basing the Heiken Ashi on a JMA, T3 or Hull Moving average filters out whipsaws and makes the indicator extremely effective at pinpointing turning points. Almost too good to be true.

The Heiken Ashi in Esignal has this option built into the indicator. It is so effective that I've seen people who have used it for daytrading with good results. Too bad there is not one programmed for Metatrader.

Hopefully one of you programmers would be so kind as to take a shot at it...

Thanks.

Files:
goldensight
287
goldensight  

I'm looking for this myself at the moment, I'm hoping a programmer has the time to take it on.

excite2:
Can anyone create a modified Heiken Ashi indicator that is based on a moving average instead of raw price data? Basing the Heiken Ashi on a JMA, T3 or Hull Moving average filters out whipsaws and makes the indicator extremely effective at pinpointing turning points. Almost too good to be true.

The Heiken Ashi in Esignal has this option built into the indicator. It is so effective that I've seen people who have used it for daytrading with good results. Too bad there is not one programmed for Metatrader.

Hopefully one of you programmers would be so kind as to take a shot at it...

Thanks.
excite2
229
excite2  

Quite a few other people have contacted me and have this on their wishlist also. Hopefully the programming gods will be kind and help us out...

raff1410
318
raff1410  

Ham

Hi...

Heiken Ashi Ma... You can use simple, expotential, smoothed, and linear weighted ma...

Raff

excite2
229
excite2  

Thanks alot!

eliseexige
209
eliseexige  

Raff,

This is fantastic. Can you make it as a paintbar over a normal bar instead of as a candlestick? If you need a picture, I can post one for you... simply as the way that ASCTrend colors the bars. I would much appreciate it!!

SB

mart-hart
485
mart-hart  

Isnt the whole idea though that they are HA Candles ?

If it is a paint bar, It will then just be a ma cross signal.

I could be wrong though

Mart

scott TTM:
Raff,

This is fantastic. Can you make it as a paintbar over a normal bar instead of as a candlestick? If you need a picture, I can post one for you... simply as the way that ASCTrend colors the bars. I would much appreciate it!!

SB
raff1410
318
raff1410  

More HAM

There You have

Raff

linuxtroll
120
linuxtroll  

Candle is good... but the shadow on the sell candles are pointing in wrong direction...

Also what is the code value for sma,ema,wma etc?

raff1410
318
raff1410  

0 - SMA

1 - EMA

3 - SmotMa

4 - LWMA

Raff

ForexBoss
113
ForexBoss  

can somebody do heiken ashi bars based on open price? =dont recolour oncurrent bar