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I used to like heikin ashi candles a lot more than I do now,
They are effective for catching trend reversals, but for me personally, I switched to renko, (brick, 3point charts) when I am using trend break reversal signals, which I use as a secondary confirmation signal.
Steve Nisson's book "Japanese Candlestick Charting Techniques"really helped me understand candlestick charting patterns which originated thru rice traders around the 1600s.
When I use candlesticks patterns, I prefer to look at "proper" candles in conjunction with trend break analysis (renko/brick signals) to compare how both match up . For me, heikin signals lag significantly compared to what a real time candlestick chart will show.
VS.
"I have two basic rules about winning in trading as well as in life: (1) If you don't bet you can't win. (2) if you lose all your chips, you can't bet."
--- Larry Hite from Market Wizards by Jack D. Schwager
that is roughly a 3point NQ lag on a 15min chart. it all depends how the much the trader cares about the info (ex. day trading vs position trading) it is really up to the trader
"I have two basic rules about winning in trading as well as in life: (1) If you don't bet you can't win. (2) if you lose all your chips, you can't bet."
--- Larry Hite from Market Wizards by Jack D. Schwager
regular use charts. Placed on the screens to mirror what the military does visually inside their weapons systems. That is the only industry for which I could find research on visual ergonomics related to reading information from a computer screen.
What do you mean by how does it work? Do I make money? Typically I make money all but one maybe two trading days a month. A very high %, some months over 80% of trades are winners....usually mid 60's..BUT losers are very little compared to winners. Biggest weakness by far is killing winners.
If how does it work means what is my method, I'd rather not say the specific details, but I do post charts all the time. Everything on my charts except one or two indicators can be found on futures.io (formerly BMT). Most have very little modification from their authors original code. Some do have non typical applications.
A series or a confluence of non co-linear indicators.
One example from many today:
On this view there are seven items in confluence, maybe some Im missing?
On this view there is more.
Notice that the topic of this thread the Heiken Ashi bar is always the secondary trigger behind only price close prior to entreing the trade. So I affirm HA bars or HA paint bars as a trigger indicator depending on your application.
If you want to post some charts of your own and talk about the non co-linear hierarcy or confluence that you are building I'd be glad to learn something and to throw my two ticks in to the discussion. Trade well. DB
This question is for Wldman and Rad4633.
Could you guys tell me which Version of HA you guys are using?
i see Wldman is using HA with minute charts and Rad4633 is using Renko charts with HA.
Just wanted to know if you guys are using Standard NT version of Heikin Ashi or another custom version from Elite downloads.
Thank you guys for your response.
As long as coding is correct and its based off original premises then standard will be the same from platform to platform. I use Fat Tails NT anaHeikenAshi just because I like German technology
