How Heiken Ashi Work
Heiken Signal Type = Select your signal type. Heiken Ashi has two strategy –
Note –
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- The basic rule is Green color are Buy signal and Red color are sell signal
- Every strategy work with Minimum Bar for Valid Signal value. if you set that value as 2 that means your current candle + previous candle is green it is considered a buy signal.
1. Cross:-
Buy Signal = If your current number of candles (Minimum Bar for Valid Signal) is Green + the previous candle is red (opposite color).
Sell Signal = If your current number of candles (Minimum Bar for Valid Signal) is Red + the previous candle is green (opposite color).
2. Up and Down:-
Buy Signal – If your current number of candles (Minimum Bar for Valid Signal) is Green.
Sell Signal – If your current number of candles (Minimum Bar for Valid Signal) is Red.
Heiken TimeFrame – Select the timeframe of your indicator
Heiken Indicator – Select your heiken indicator. It has two types of indicators 1. Basic Heiken indicator 2. Heiken Smooth indicator.
Entry logic both indicator are same
Heiken Smoothed (Method_1) – Value for Heiken Smooth indiator.
Heiken Smoothed (Period_1) – Heiken Smoothed (Period_1).
Minimum Bar for Valid Signal – Minimum candle will be the same for a valid signal. Candle starts from the current.
Example – If you set 2 that means EA will check 2 candles from the current candle must be the same color.
Reverse Signal (Heiken) – If you set true then EA will reverse its default signal.