OK got it. But can non-smoothed Heikin Ashi HMA show color changes as per HMA ?
Why don't you simply use the HMA Heiken Ashi then?
@mladen - a small request
Forex TSD - forex forum - Download Heiken Ashi histo alerts.mq4
For above indicator I need an alert which shows opening price of candle after which alert has occurred.
Currently it shows alert as follows:
Alert: AUDUSD at 17:55:24 - M5 Heiken Ashi Histo sell
I need -
Alert: AUDUSD at 17:55:24 - M5 Heiken Ashi Histo sell at $0.79500
$0.79500 is opening price of Alert + 1 candle.
Can you please help?
If we would follow some rules that are usually applied in EAs than the opening price of the next bar should be used (something like "open at next bar at "). Opening price of either current or previous bar is almost impossible to be the price to use for order opening in times of strong trends.
Is that your general idea?
Thats correct ... opening of next bar is what I need.
Yes, but in that case it would do a classical repainting on the current (still opened) bar
Thats okay. once my conditions are met at closed bar... I am ready to take plunge at open of next candle.
Would it be possible to update this non-smoothed indicator for use with the latest MT4?
Thanks for the help.
C0mputernick, updated version posted here: https://www.mql5.com/en/forum/181187/page45
Even if you use the "smoothed" version, if you set both ma periods to 1, it will be exactly the same as the regular heiken ashi (try it out, and you shall see). So, the smoothed version is a kind of "all in one" heiken ashi - smoothed and regular