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LinkBack (1) | Release Tools | Display Modes | Language |
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Heikin Ashi Trend Indicator
Developer Last Online: May 2008
Here's an interesting indicator I picked off at the TS forum. It's a slightly modifed version of the heikin ashii indicator.
So What Does It Do? If the 5th bar of the last 5 bars closes above the 50% line of the previous 5 bar average, it stays the same color. If the 5th bar closes below the the 50% average it changes color. 50% range = Average True Range It really depends on how you want to use it. This can be applied on multiple timeframes. Its a great way to visually see the trend of the market. Screenshot is attached. |
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By
nicknextmove
on
12-27-2006, 01:53 PM
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Re: Heikin Ashi Trend Indicator
Cool - I like the Heikin Ashii trend too since I am a fan of Hubert.
I watch his free videos almost every day. I created his workspace by watching his videos and by getting the indicators from the TS forums. I have attached both, in case someone is interested. Import the ELD first and then the workspace.  |
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Last edited by nicknextmove; 12-27-2006 at 01:58 PM.
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By
Soultrader
on
12-27-2006, 01:55 PM
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Re: Heikin Ashi Trend Indicator
What indicators are the ELD file? Is it the TTM Indicator?
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By
nicknextmove
on
12-27-2006, 01:56 PM
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Re: Heikin Ashi Trend Indicator
It is the TTM trend and the _BB Sqeeze.
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By
Soultrader
on
12-27-2006, 01:59 PM
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Re: Heikin Ashi Trend Indicator
Thanks nick. Is it just me or do you find the coloring a little weird? Im getting a mixture of green, blue, and red. Is this normal?
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By
nicknextmove
on
12-27-2006, 02:11 PM
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Re: Heikin Ashi Trend Indicator
The _BB Squeeze? - yes you will get green blue and red.
Here is the video where Carter explains how to use that indicator (they call it Squeeze Indicator): The Squeeze Indicator Here is the video of the TTM trend: Trend Indicator |
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By
Soultrader
on
12-27-2006, 02:13 PM
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Re: Heikin Ashi Trend Indicator
Hi Nick,
I meant the TTM Trend. Im getting a mixed green bar with the blue and red bars. Is this the case for you? I attached a pic. |
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By
Soultrader
on
12-27-2006, 02:15 PM
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Re: Heikin Ashi Trend Indicator
hahaha my mistake. I just needed to set my charts to bar charts instead of candlesticks. Oops
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By
nicknextmove
on
12-27-2006, 04:12 PM
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Re: Heikin Ashi Trend Indicator
Jay,
You probably should look at the following video to understand the indicators better: Hubert's explanation I have attached the 'bricks' indicator. (You can find the TTM, BB Squeeze and the Bricks on the TS forums) -Nick |
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LinkBacks (?)
LinkBack to this Thread: http://www.traderslaboratory.com/forums/f46/heikin-ashi-trend-indicator-951.html
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| Posted By | For | Type | Date |
| Heikin ... | This thread | Refback | 02-28-2007 12:43 AM |
| Currently Active Users Viewing This Release: 1 (0 members and 1 guests) | |
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