Heiken Ashi

Heiken Ashi Block

 

Overview

List of Indicators

• Heiken Simple
• Heiken Smooth

List of Strategies

1. Cross
2. Up and Down.

– 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.

 

Indicator Inputs

• Heiken Signal Type = Select your signal type. Heiken Ashi has two strategies –
  Note –
• • The basic rule is Green color is a Buy signal and the Red color is a sell signal
  • Every strategy works with Minimum Bars for Valid Signal value. If you set that value as 2 that means if your current candle + previous candle is green, it is considered a buy signal.
• Heiken Indicator – Select your heiken indicator. It has two types of indicators Entry logic both indicators are the same
• Heiken Smoothed (Method_1) – Value for Heiken Smooth indiator.
• Heiken Smoothed (Period_1) – Value for 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.