Logic behind 4 TF HA indicator
Manny Sanchez: Can someone explain the logic behind the 4TF HA arrow indicator, please. I know it uses 4 time frame HA, but seem like also use moving average.
- Heiken Ashi (HA) is basically a 6 period moving average (MA) based on the average of open, high, low, and close prices (OHLC/4).
- The HA Smoothed, is a HA based on MAs of the OHLC (MA:O, MA:H, MA:L, MA:C). Heikin Ashi smoothed works like any regular & smoothed HA - Technical Indicators - MQL5 #334 (2015)
- Your indicator shows the direction of the smoothed HA from 4 different timeframes.
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Hello developers,
Can someone explain the logic behind the 4TF HA arrow indicator, please. I know it uses 4 time frame HA, but seem like also use moving average. I have zero knowledge about programing or reading mql4 language.
Thanks in advance!