Smoothing out price

[traderlu 10]

Walter, thanks for your input. Unfortunately, if the lag is excessive, then I wouldn't have as much interest in this method as I first thought. Maybe in time I will try out Sierra, and I'll just use Raul's posted workspace. Thanks for the prompt replies.

 

-Luis

[Bird of Fire 10]

Hey guys, is there any way on God's green earth to get this coded on TS? This is good stuff!

[torero 10]

Here's the link to the ELD file for TS. Got this from the TS forum. Good luck.

 

http://www.traderslaboratory.com/forums/f56/heiken-ashi-for-ts-2306.html#post17462

[feb2865 10]

I am sorry guys I've been trying to logon and for some reasons I just can't at least from my location.

 

does anyone still following this method?

 

I also have been out of the markets for health reasons

 

Cheers

 

Raul

[walterw 10]

I am sorry guys I've been trying to logon and for some reasons I just can't at least from my location.

 

does anyone still following this method?

 

I also have been out of the markets for health reasons

 

Cheers

 

Raul

 

Hi Raul, nice to hear from you... the answer is no, unfortunately I couldnt bear with some extreme lag ( at least for me)... so I just keep doing my usual analisis... cheers Walter.

[cbigbelly 10]

Does anyone have this for Ninja Trader?

[metalhead 10]

Hi, am I allowed to bump this thread? I hope so.

 

I never really liked HA candlesticks because what you're looking at isn't true price and therefore I always assumed it was pointless.

 

This thread has shown a good way to see trends (albeit on HA candlesticks) by using an HMA(8) over the HA candlesticks.

 

What you need to do in order to see exactly how much lag there is, rather than doing side-by-side comparison charts of HA vs. regular, is to do this instead:

 

- Load your HA candlesticks as a study on your chart

- Apply HMA(8) to the HA candlesticks

- Color your main price chart based on the slope of the HMA(8) that has been applied to the HA candles.

 

This will let you see in real time and with actual price data what is going on with regard to your trend-defining indicators on the HA candle sticks. In other words, where your main price chart changes color is where your HA slope is changing.

 

Hopefully that made sense. I'm really tired right now so I hope I explained everything well.

 

Here's a pic:

 

edit - I can't believe I misspelled Heikin-Ashi in my pic. I even study Japanese so I shouldn't have gotten it wrong. Oops!

Edited July 23, 2008 by metalhead

[metalhead 10]

Now, if you compare that to the HMA(8) based off of the regular chart, you will see that they are almost the same but in some cases the HMA(8) based off of the actual price will change slope quicker (as you would expect it to because it's not based on lagging HA data).

 

In the attached screen shot, the first row of boxes shows the slope of the HMA(8) based off of actual price data and the second row of boxes shows the slope of the HMA(8) based off of Heikin-Ashi candles.

 

This is the same chart as before so the data is the same.

[FulcrumTrader 10]

Your attached .gif pics are not opening up.....is there any way to set up your screen shots again so that we can see them?

 

TIA!

[FulcrumTrader 10]

BTW.....anyone have this version of HA candlesticks for MultiCharts......TIA!