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MetaQuotes Software Corp.
Moderator
181001
MetaQuotes Software Corp. 2009.09.25 06:53 

Heiken Ashi ZoneTrade:

This script is based on the 4th dimension of the Bill Williams chaos trading system. The advancement is that this script takes advantage of the Heiken Ashi candles.

Author: Zenoni

MQL4 Comments
16319
MQL4 Comments 2009.10.17 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
16319
MQL4 Comments 2009.11.05 05:17  

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

MQL4 Comments
16319
MQL4 Comments 2009.11.07 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.

Avery Horton
235
Avery Horton 2009.11.18 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
16319
MQL4 Comments 2011.02.19 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
7
walsz 2014.08.16 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
Moderator
55287
Sergey Golubev 2014.08.18 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
Moderator
55287
Sergey Golubev 2014.08.18 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.


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