How Heiken Ashi Work
Heiken Signal Type = Select your signal type. Heiken Ashi has two strategy -
Note -
-
- 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.