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Heikin Ashi Trend Charting - A thank to FatTails


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Heikin Ashi Trend Charting - A thank to FatTails

  #21 (permalink)
 
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 wldman 
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please consider this item to plot HACO colored regular price bars.

Shout if you want pictures and I will go make some.


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  #22 (permalink)
 1481 
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Thanks for sharing/bringing this to my attention. Would appreciate some pics if you wouldn't mind showing how you use these...thanks again!!!

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  #23 (permalink)
 Ratdog 
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wldman View Post
please consider this item to plot HACO colored regular price bars.

Shout if you want pictures and I will go make some.


Dan, I truly appreciate your input.
I have been trading 'true' candles on my personal favorite time frame and ranges for a year now. Yes, I'm a year old trader, so still very very fresh. However, I retain knowledge well, but am no intellectual athlete.
I appreciate the picture of the NT7 version, but I am looking for NT8 version.
I 100% agree with you, if you do not have a larger picture of what's going on in the markets, the Heikin Ashi and even UniREnkos could ruin your day in a flash. However, I have a very good startegy and plan for them, so I'm perfectly ok with using them.

Which is why I'm seeking them for NT8.

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  #24 (permalink)
 
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 wldman 
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all good. I do not know if @Fat Tails has provided that item in a NT8 version. But if you ask him directly he might be able to shed some light.

All the best.
DB

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  #25 (permalink)
 
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 Fat Tails 
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wldman View Post
all good. I do not know if @Fat Tails has provided that item in a NT8 version. But if you ask him directly he might be able to shed some light.

All the best.
DB


NinjaTrader 8 comes with native Heikin Ashi bars - not an indicator but a bar type - including

- HeikinAshi minute bars
- HeikinAshi tick bars
- HeikinAshi volume bars

What they do not offer is HeikinAshi range bars. Also those HeikinAshi bars do not have an inbuilt smoothing option as had the indicator that I have coded for NinjaTrader 7.


I have not yet dealt with converting the anaHeikinAshi bars indicator to NinjaTrader 8, as there are two options:

- create a new complex bar type
- create an indicator which removes the selected chart bars and replaces them with HeikinAshi bars (same approach as for NT7)

If I follow the approach for NT7

- this is relatively easy to do
- the bars painted on the chart will look like real bars
- but you won't be able to apply indicators to the fancy HeikinAshi bars, but all indicators will be applied to the underlying bar series

Example:

- you open a range chart
- then apply the HeikinAshi indicator which removes the range bars and replaces them with HeikinAshi bars
- all indicators applied to that chart will be applied to the invisible range bars

If you use a genuine bar type, indicators will be applied to that bar type.

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  #26 (permalink)
 
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 wldman 
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a thank you to @Fat Tails for jumping right in as usual... for the benefit of others. Harry, you correctly pointed out the nuance between authentic bars and derivative bars when responding to me a few years ago. Initially I held my view but over time I realized that your input nudged me back onto the right path. You provided the "paint bars" piece and through your contribution frustration on a ruinous path was avoided.

Also, your "Auction Bars" are among the most useful, best designed tools I have ever seen. Thank you for that as well.

Dan

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  #27 (permalink)
 
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 wldman 
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1481 View Post
Thanks for sharing/bringing this to my attention. Would appreciate some pics if you wouldn't mind showing how you use these...thanks again!!!

I will follow up in a few minutes.

Dan

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  #28 (permalink)
 
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 wldman 
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@1481


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  #29 (permalink)
 
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 wldman 
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@1481

This item shows the HACO bars with a smoothing factor of 2, meaning two bars...VERY slight. Actually that is the minimum smoothing that can be applied. Note the difference in shape (wicks). I have added a solid dash identified as Close Dot to show where the actual bar close occurred. The grouping of colored bars and the smoothing, while it is visually appealing, is a deception. The bar calculation using the minimum smoothing is a significantly different and IMO inaccurate chart.


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  #30 (permalink)
 
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 wldman 
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Minimum smoothing applied:


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Last Updated on June 11, 2021


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