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Best Heiken Ashi VQZZ Scanner Dashboard

Scanner Dashboard for Best Heiken Ashi VQZZ Arrows Indicator here:

https://www.mql5.com/en/market/product/45900

Based on strategy here:

https://www.forexstrategiesresources.com/trend-following-forex-strategies-ii/173-the-best-heiken-ashi-system/


Dashboard Symbols:


The 1st circle corresponds to Heiken Ashi. Green means Heiken bullish, red means Heiken is bearish.

The next 3 dismonds: 1st is VQZZ for current bar. Next 2 are VQZZ for next higher timeframes.

So, for M15, 1st diamond is VQZZ for M15, and next 2 are for M30 and H1.


When Dashboard button turns green, it means (example M15):

1. Heiken Ashi has changed from red to green.

2. VQZZ current timeframe M15 is green

3. VQZZ for M30 or H1 is green. (Not necessarily both.)

Then you get a BUY Signal. But if price has already gone too far, wait a few bars as a retracement might occur.

Trade BUY when price starts moving back upwards.

Be careful trading during news events as price might not retrace but keep going up.


Settings:

- Specify your Own Pairs using a comma-separated list. Or you can select a pairs list from our drop-down for forex pairs like "Forex Core 7", "Forex Core 14", only AUD pairs, only JPY pairs, etc.

- Specify your own preferred time frames in a comma-separated list.

- Settings for showing alerts: Popup, email, sound alerts, etc.

- x_axis, y_axis: to position Scanner Dashboard

- fontSize: to resize the whole panel and it's fonts. For best experience use fontSize between 5 and 8.

- ColumnsNum: Number of Dashboard Columns

- OnButtonClick Open New Window: On clicking any dash buttons open that Pair-TimeFrame in a new window with your specified template (next setting)

- Use Template for New Window: Template name without ".tpl". Eg: Create a file Template1.tpl in templates folder and here specify: "Template1".

(only works if previous property set to true). Does not work if on button click is set to open in current window because otherwise you might lose your current window indicators or existing dashboard settings.

- shift: Bar for which all conditions are checked. Default 1.

Wait Bars VQZZ After Heiken Switch: After Heiken Ashi has changed, number of bars to wait for VQZZ to align.

e.g.: If Heiken has turned green, wait for current TF VQZZ to turn green and at least one of the 2 Higher Timeframe VQZZ to turn green.


Indicator Settings used:


Heiken Ashi 2, 13.

Vqzz (TF 15, 6, 2,2,5 true)

Pivot Daily levels or Fibonacci levels for take profit and Support and resistance.

Wait Bars VQZZ After Heiken Switch: After Heiken Ashi has changed, number of bars to wait for VQZZ to align.

e.g.: If Heiken has turned green, wait for current TF VQZZ to turn green and at least one of the 2 Higher Timeframe VQZZ to turn green.


About Arrows Indicator:


Heiken Ashi green color.

VQzz green bar. And at least one of the VQzz for 2 Higher TF matches trend and is also green.

Vice-versa for Sell.

If price has already gone too far at BUY/SELL Arrow, then wait a few bars for a retracement back to Heiken Ashi price.

Then trade BUY/SELL once price starts moving back in direction of the arrow.

Or use BUY/SELL Limit to place trade at nearest Pivot Levels.


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