Indicator Heiken Ashi
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Thread: Indicator Heiken Ashi

  1. #1
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    Indicator Heiken Ashi

    Hello Folks, First of all I am very thankful to all Robo forex forum team, who bring another forex contest for us. I have only joined a few contest's till now and this one is little bit unique from the old ones. This is a good contest for all forum member's beacause we can get a best knowledge of differ types of trading indicator's those trader's are using in their trading strategy. In this thread I am going to write a review on Heiken Ashi.

    Heiken Ashi Indicator Introduction:

    What is Heiken Ashi?
    Heiken ashi a another form of charting like candlestick chart, bar chart, line chart etc. The main purpose of this indicator is to provide a clear visulal representation of the market trend. Heiken ashi is best applicable indicator for all those trader's who like to follow the trend in the market. Along with it Heiken Ashi price bares are averaged, so each bar would not refelect the exact open,highs, lows, and closes for that period same like candlestick would.

    Discription:
    As we know that following a market trend is very essential in this business. And to judge the best market trend condition we have to follow a good set of indicator's in our mt4 terminal. Heiken ashi is also of that indicator which will give you a clear indicator about the market trend strength. Its not a confustion indicator like other's and you will not got any much false signals of market trend confirmation in it.

    Heiken Ashi Chart Patterns:

    Bearish Candels Chart Pattern:
    In this type of market situation, market will work inverse of a bullish heiken ashi chart pattern, as we can see in the chart that, Heiken Ashi containg big bodies and long lower shadows. Heiken ashi present a clear picture of the down trend market , by adding more candles in a row. On the other hand we don't able to see this type presentation in other form for charts.

    HeikinAshi-Bearish.jpg

    Bullish Candles Chart Pattern:
    The best thing about this indicator is it will give you a clear market trend indication, as you can see in the chart that, when the market is bullish then heiken ashi candles have big bodies and long uper shadows. It make trader's more confident to follow a bullish market trend. Even they can get a good idea about small uptrend market trend.

    Heikin-Ashi-Bullish-Pattern.jpg

    Reversal Candles Chart Pattern:
    Now look friends, I have discussed about bullish and bearish heiken ashi market above, but it mean's is not that market will go in those directions all the time, some time there could be reversal or pullback too in this market, to judge this type of market situation you have to keep any eye on doji candlesticks too during the trading. They have very small bodies, long upper and lower shadows.

    Features of Heiken Ashi Chart:

    Following the heiken ashi chart is very useful in trending market situations, some time trader's fear to open their trade's because they think that market could take reversal or pullback anytime and they can lose their money by that. But with the use of heiken ashi chart they can minimize their loss and could make good money in market trend with Heiken Ashi Chart analysis. Trader's can use Support and resistance, Trend lines, etc to improve their Heiken Ashi Chart analysis.

    1. Heiken ashi chart is very useful for intra day trader's, For intraday trader's its very important to check that which type of market flucations are good for their trading and which type of fluctuations they have to ignore on intraday bases. With the use of Heiken ashi chart they can see the minor changes in the market and can take good action in their trading.

    2. The another great feature of this indicator is that it give me a good presentation about the market trend. You can't get this type of presentation in other popular charts like candlestick, line chart, or bar chart. If you like to follow the trend then Heiken ashi chart surely a very good choice for you. Trader's can gest best advantage of heiken ashi in long term time frames too, Moslty long term trader's don't able to see a best long term trend presentation in candlestick chart but Heiken ashi is much differ from candlestick chart and trader's could see more Green and Red candles when a uptrend and downtrend take place in the market.

    3. Its also helps trader's to judge the minor and major trends in the market. Trader's can keep an eye on doji signals, because most of time in heiken ashi trader's will get a doji sign on a reversal sign of the market. So they can close their trades by checking doji signs and can hold their trade's for long term and short term by making a good analysis through doji signals.

    4. Heiken ashi chart will give trader's most money making opportunity because this type of chart will not give trader's much false signals at all. Some time due to price flucations trader's able to see many misleading siganls in the market, but heiken ashi is best to solve this type of problem too. To make an effective analysis Heiken ashi is best for trader's.

    5. Trader's can do trade in high volatile pair's too like Euro/Jpy Gbp/jpy, Gbp/Aud etc. Heiken ashi identify the market trend very well so people have always a great chance to make money in all high volatile pairs. As far I know Heiken ashi is a best indicator for all high volatile pair's. We can see daily flcuation around to 170 pips in high volatile pairs.



    Setting Of indicator:

    The setting of our indicator is very important for us when we apply them in our real trading account on in our mt4 terminal. Indicator setting decide which type of quality signals we will get from our indicator, and on which time indicator will give us signal. Now I would like to share about its setting process, the process of changing its setting is little bit different because you can't create any template with the same setting, you have to do that manully again and again when you will open any currency pair chart. Even you can use the custom setting but personally I not like it much.

    1. First of all you have to open your Robo Forex mt4 terminal then click on insert option.

    2. Select indicator "Heiken Ashi:

    Heiken ashi mt4 0.JPG

    3. Now you have to click on Heiken ashi properties by right clicking on the indicator in mt4 screen, you can change your heiken ashi chart color according to your wish, as you can see above in the picutre I am changing color of heiken ashi candles toward greed for bullish, and red for bearish, You can select the width size 2 or 3 in all four boxes. I have selected 2.

    Heiken ashi mt4 1.JPG

    4. After changing its color and width setting you can click on ok that's it.

    My Personal Opnion and recommendations concerning this indicator:

    First of all I want to say that indicator's are basically mathematical tools so don't think that any indicator use will give you a lot of money in one night. All indicator's have their limitations and benefits. We don't have to only look at their benefts, we have to accept their limitations too in our trading. Make sure you that you have a good control on your trading psychology, and have a strong management in this business.

    I am usign heiken ashi and candlestick both charts in my trading, and I am combining them to get a good reversal signal on major support and resistance points. Heiken ashi is best for trend follower's, but it mean is not that you have to forget about your trading rules. Use them every time in trading. I would suggest trader's to use Moving average, Trend lines with Heiken ashi chart, and would suggest to use H4 and above time frame.

    In last I want to say that thanks a lot to read this thread hope you enjoyed it, beside of it my best wishes to all other contest participants. Have a Good Day
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  2. #2
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    Well this is one of the finest thread in this contest, I am a very new user of heiken ashi chart and using first time this in trading, I will download it soon from your thread, and please guide me step by step how I have to attach this indicator on my chart. I think it will give me a very good advantage in swing trading. I am really happy and amazed with such a kind of thread well done sir.

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  3. #3
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    Heiken ashi is one of my favorite indicator after Moving Average. I am very glad, that somebody write a review on heiken ashi chart in this contest. I mostly use heiken ashi only in daily chart time frame, and it show a very clear presentation about the market trend, I like to combine moving average and heiken ashi.

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    First of all I would appreciate your thread buddy,This is looking very clean indicator, I only heard about this indicator, but never used this on my chart, I have only a good experience of candlestick chart , Even I don't have any experience of line chart, bar chart, and renko chart. Thanks for sharing screenshots and you explained the whole heiken ashi material very well. I would like to download this and will share my heiken ashi experience with you later.

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  5. #5
    Trader Hukam's Avatar
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    Quote Originally Posted by forexlearner View Post
    Well this is one of the finest thread in this contest, I am a very new user of heiken ashi chart and using first time this in trading, I will download it soon from your thread, and please guide me step by step how I have to attach this indicator on my chart. I think it will give me a very good advantage in swing trading. I am really happy and amazed with such a kind of thread well done sir.
    First of all I am very thankful to you, that you appreciated my thread. Yes why not dear, you can test it in you demo trading account, and if you want to ask more question about heiken ashi then surely you can post your query in this thread I will let you explain more about this indicator. I am sure you will get a best advantage in swing trading from it. I will wait for your more queries.

    - - - Updated - - -

    Quote Originally Posted by Khimi234 View Post
    Heiken ashi is one of my favorite indicator after Moving Average. I am very glad, that somebody write a review on heiken ashi chart in this contest. I mostly use heiken ashi only in daily chart time frame, and it show a very clear presentation about the market trend, I like to combine moving average and heiken ashi.
    That's good, personally I am not using moving average but yes there is no doubt in it that moving average is one of the popular indicator in this industry. Hope you will like heiken ashi too, its also amazing. I am very happy for you dear, that moving average and heiken ashi working well for you in trading. Keep it up

    - - - Updated - - -

    Quote Originally Posted by Earnperfect View Post
    First of all I would appreciate your thread buddy,This is looking very clean indicator, I only heard about this indicator, but never used this on my chart, I have only a good experience of candlestick chart , Even I don't have any experience of line chart, bar chart, and renko chart. Thanks for sharing screenshots and you explained the whole heiken ashi material very well. I would like to download this and will share my heiken ashi experience with you later.
    Download it and just give a try, you will get better market confirmation's and will able to make a good trading analysis by it. For sure I will wait for your reply mate, Hope you will like this indicator very much.

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  6. #6
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    Good thread friend, I liked the way you presented the information a lot. I have never used this indicator Heiken Ashi. Most of the time I stick with bollinger band, Moving averages, Maco, Rsi and a few more. But your thread is quite informative and also simple to understand.

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  7. #7
    Trader Hukam's Avatar
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    Quote Originally Posted by PROPENSITY100 View Post
    Good thread friend, I liked the way you presented the information a lot. I have never used this indicator Heiken Ashi. Most of the time I stick with bollinger band, Moving averages, Maco, Rsi and a few more. But your thread is quite informative and also simple to understand.
    Thanks for your compliment mate, Yeah I have explained in a very simple way here, my aim is to share best heiken ashi indicator features with all forum members in a simple way. I have given my best in this forum, and result is front of us, people are like my thread. You should concentrate on Heiken ashi too, you can attach it on your chart and could test it.

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    Yes I am busy with demo testing, and this week and enjoyed my demo trading a lot with heiken ashi indicator, I am very thankful to you for this indicator. Because I really like this type of indicator and its looking much better than candlestick chart. I am sill focusing only on trend following trading system, and I am really amazed with heiken ashi, Its best friend.. In near future plan will be to use both candlestick chart, and heiken ashi chart, it could give me better market confirmations

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  9. #9
    Trader Hukam's Avatar
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    Quote Originally Posted by Khimi234 View Post
    Yes I am busy with demo testing, and this week and enjoyed my demo trading a lot with heiken ashi indicator, I am very thankful to you for this indicator. Because I really like this type of indicator and its looking much better than candlestick chart. I am sill focusing only on trend following trading system, and I am really amazed with heiken ashi, Its best friend.. In near future plan will be to use both candlestick chart, and heiken ashi chart, it could give me better market confirmations
    Nice to hear that dear, I am very glad that you are learning well from heiken ashi indicator. That's my pleasure dear, and its my responsibility to share my best trading experience, trading tools, indicator with all forum members. Robo forex forum is a best forex learning community, that's why I have participated in this contest. I also follow the same, candlestick and heiken ashi both are good to analyze the market. I think Candlestick chart have its own value and prize, so we should not underestimate candlestick chart too.

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  10. #10
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    Quote Originally Posted by Khimi234 View Post
    Heiken ashi is one of my favorite indicator after Moving Average. I am very glad, that somebody write a review on heiken ashi chart in this contest. I mostly use heiken ashi only in daily chart time frame, and it show a very clear presentation about the market trend, I like to combine moving average and heiken ashi.
    Many of the traders are using Heiken Ashi in their trades as they get to know more about the trends that are beneficial to them and using which they would be able to earn a good income in their trading.

    It also gives us more knowledge of the present action that is taking place if we are using it in the correct Time frames

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