Smoothed Heikin Ashi Trend on chart - Backtest This is a backtest of the Smoothed Heikin Ashi Trend indicator, which computes the reverse candle close price required to flip a Heikin Ashi trend from red to green and vice versa. The original indicator can be found in the scripts section of my profile. This particular back test uses this indicator with a Trend...
Based on "Heikin Ashi Strategy v2" by breizh29. Adds stop loss and optional log-transform
Made in a few minutes to debunk all the bullshit going around tradingview and everywhere about "heikin-ashi" being a holy grail trend indicator. Do not be deceived. Heikin-Ashi is a beautiful way to remove much of the noise in markets, and is light on the eyes. (nice and smooth!) I personally use heikin-ashi as a way to remove a lot of the clutter in the markets,...
You can use this script to backtest Heikin-Ashi bar color change strategy. You have to apply this script to usual candles and not Heikin-Ashi!!! Background color indicates HA bar color. On change you'll see green/red arrows and alert will be fired. Also you can find in the code calculations of all HA OHLC values.
Continue experimenting with different combinations of strategies. Here is the PSAR Strategy calculated based on HA candles. HA is already calculated inside the script, do not apply it to HA candles. Strategy is calculated based on 25% equity invested with 0.1% commission. #################### Disclaimer Please remember that past performance may not be...
Very simple T S that uses: RSIOMA (Relative Strength Index of Moving Average) (RSI 7, EMA 9); EMA 5 offset 2; HEIKIN ASHI Candles. LONG ENTRY: RSI crossing over its EMA 9; Last HA candle is green and closes above EMA 5 (best signals when this candle has ONLY upper long shadow and no lower shadow -> STRONG TREND STARTING) SHORT ENTRY: RSI crossing...
a simple up down candle strategy with a built in MA control alerts script:
If you build Bollinger Bands from the values of Renko or Haken Ashi, then you can get an interesting strategy.
This is my first script and it is basically a MA crossover/under strategy that uses heikin ashi closing prices. I've also used limit orders based on HA opening prices of the previous day for entry which improves the performance. However, this impose a restriction when prices are moving too fast and the algo is unable to enter the trade, resulting in a bad position...