Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.
Search the Community
Showing results for tags 'heikin'.
Found 1 result
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. 20050523033558TTMTREND.ELD