Does anyone use the heikin ashi charts? How has it gone with you when you used them?
I did a video on it
I did a video on it
Heikin Ashi charts, and how it may point to a recession
- Thread starter Golden Retriever Trading
- Start date
This video is yours? Well explained, bravo.
I use H-A charts, combined with others. It works fine.
You can PM me if you want to discuss about it.
CM
Haha it is mine. Thank you. I fumbled a lot on my explanation I think but u appreciate the kind words
Disoriented, generally, yes; more specifically, they sometimes actually show the price but at other times not, depending on where it is by comparison with the previous candle.
A kind of cross between a charting/display method and an indicator, really.
I've seen some interesting uses for HA candles in conjunction with Bollinger bands. How "reliable" they are, overall, I don't know.
Well, that system trades over 40 instruments, mixture of futures and stocks, HA does not do very well in certain types of climate like intense chop or light traded instruments, if I remember it is blend of price and moving average which makes the bars, but it been long time, it just very well in trend, and I have mine shut off signals as I am not believing trend last forever at some point.
Yes, definitely better in trending markets (what isn't?). Not exactly a MA, but kind of similar in effect/display to a short-periodicity MA. I remember "smoothed HA" is also interesting, when instruments aren't too choppy ... I haven't actually looked at any of these things for years, now.
Yes, it's a variant of an exponential moving average with a length of 3.
2/(3+1)=.5;
An ema adds factor times difference (between close and previous value of ema) to ema[1] to get current value of ema. It will take a bit of time to untangle the twisted relationshiips between variables within HA because I haven't looked at HA in a long time but imo it has value ...at least within my current context it has value to me.
Thanks for starting this topic.