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Candle Heiken Ashi

FREE

Published: 2 August 2022

Current version: 1.3

Candle Heiken Ashi

Presentation

Another indicator that makes scalping on tick charts easier, it displays an Heiken Ashi graph in Ticks.

It allows to detect entry points and trend reversals.

Recommended number of ticks in a candle : 5, 13 or 21.

Parameters

Ticks in candle: Number of ticks in a candle (default 5),
Displays Trend arrows : displays a trend arrow based on EMA8 and EMA20 crossing,
Displays MM50,
Displays MM100,
Max Candle (CPU): number of candles max to manage, low value will save ressources of your computer (CPU).

EA Interface

This indicator sends a chart event (23 or 24) when EMA8 and MA20 cross.

Be careful, after crossing, at least, the color of Heiken Ashi candles must be checked before opening a position.

Chart event 23: a bullish trend is starting
Chart event 24: a bearish trend is starting

Record ticks values

It is not realistic to record all the ticks (huge volume of data), so these indicators collect ticks data in real time, hence the display of this indicator will be reset to 0 every time you will restart it.

more...

hegu2021 2022.10.26 22:50 #

fantastic!! is there an EA that might work with TickCandle?

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Filter:

hegu2021 2022.10.26 22:50 #

fantastic!! is there an EA that might work with TickCandle?

6035

Reply from developer Bruno Paulet 2022.10.27 07:43 #

CandlesTick: Let's take an example to better understand this:
- on a traditional 1 hour chart, a candle corresponds to the price changes (opening, high/low, closing) over the current hour. This candle will close as soon as the time is over; i.e. at 10am sharp, the 9am candle closes, and the 10am candle opens.
- on a 5 tick chart, each candlestick corresponds to the price evolution on 5 consecutive ticks