This is my second Version of Heikin Ashi Strategy.
-Different Time Frame for Fast EMA and Slow EMA
-MACD Filter with own Time Frame
You can tweak around with settings , but defaults gives good results in Forex,Stocks and Index.
I also made an Alert Script
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.
This "simple" strategy of crossing EMAs + SMAs based on Heikin Ashi candles data presents a very good result as a signal or automated trading. You should try it out.
If you like, I would appreciate a "thumbs up" in my profile @agbarbosa.
This is a general purpose very flexible program to test the effectiveness of HA bars.
Please note that if you are charting at tradingview using Heikin-Ashi charting, your system will be trading fictitious prices even if you check the "use real prices" box. Thought you might like to know that before you lose all your money.
This program performs the HA calcs...
Tested on "BTC/USD", this is a reversible strategy
If the RSI is lower than "RSI Limit" (for last "RSI Signals" candles) and there were "Open Color, Bars" green Heiken Ashi candles - close short, open long
If the RSI is higher than 100-"RSI Limit" (for last "RSI Signals" candles) and there were "Open Color, Bars" red Heiken Ashi candles - close long, open...