FREE DOWNLOAD Super Effective Forex Heiken Ashi Profit Supreme Trading for 30 Min or Higher Time Frames. Heikin-Ashi chart looks like the candlestick chart but the method of calculation and plotting of the candles on the Heikin-Ashi chart is different from the candlestick chart.
Heikin-Ashi candles are related to each other because the close and open price of each candle should be calculated using the previous candle close and open price and also the high and low price of each candle is affected by the previous candle.
One of the more important techniques that technical traders need to master, is SPOTTING MARKET TRENDS.
However, spotting a trend can be difficult because of market volatility.
Traders have developed a number of techniques to help see past short-term price fluctuations.
For example, they can use a smoothing technique.
There are a number of indicators designed to do this, including Heiken Ashi.
The main advantage of Heiken Ashi:
…is that it allows you to spot trends more easily.
A Heiken Ashi trader looks for two particular signals, including a:
- Hollow (White in the charts above) candle without a lower shadow, which is a particularly bullish signal.
- Filled (Red in the charts above) candle without an upper shadow, which is a particularly bearish signal.
Some traders use Heiken Ashi in conjunction with momentum indicators like RSI and MACD, to further confirm the trend.
In this “Super Effective Forex Heiken Ashi Profit Supreme Trading System,” we use some powerful momentum and filter indicators to catch high probability signals.
Heiken Ashi indicator is shown in the form of red candles and white colors.
If the color of the candles in the same direction and have a large size, it formed a strong market trend.
The strategy serves as a trend filter. If the candles are painted WHITE – BULLISH trend as if painted in RED – the BEARISH trend.
Forex Profit Supreme Filter indicator is in the third sub-window in the form of RED and WHITE bars.
The indicator serves as a trend filter.
If the bar is BLUE – the market is dominated by the BULLS, and if the RED – dominated by BERAS. of the indicators settings can be optimized for trading on the younger period of time.
- Heiken Ashi candle white color without a lower shadow
- Forex Profit Supreme indicator White color bars
- RSI line upward above 50 level
- White Heiken Ashi candles above Tenkan-Sen Ichimoku line
- Heiken Ashi candle red color without an upper shadow
- Forex Profit Supreme indicator Red color bars
- RSI line downward below 50 level
- White Heiken Ashi candles below Tenkan-Sen Ichimoku line
Because they are based on averaged values, Heiken Ashi charts are less affected by short-term volatility.
Many traders find that this makes it easier to discern the market’s price action i.e FOLLOW TRENDS.