• Overview
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Candle Heiken Ashi

5

Presentation

Another indicator that makes scalping on tick charts easier, it displays an Heiken Ashi graph in Ticks.

It allows to detect entry points and trend reversals.

Recommended  number of ticks in a candle : 5, 13 or 21.


Parameters

  • Ticks in candle: Number of ticks in a candle (default 5),
  • Displays Trend arrows : displays a trend arrow based on EMA8 and EMA20 crossing,
  • Displays MM50,
  • Displays MM100,
  • Max Candle (CPU): number of candles max to manage, low value will save ressources of your computer (CPU).


EA Interface

This indicator sends a chart event (23 or 24) when EMA8 and MA20 cross.

Be careful, after crossing, at least, the color of Heiken Ashi candles must be checked before opening a position.

Chart event 23: a bullish trend is starting
Chart event 24: a bearish trend is starting


Record ticks values

It is not realistic to record all the ticks (huge volume of data), so these indicators collect ticks data in real time, hence the display of this indicator will be reset to 0 every time you will restart it.



Reviews 1
hegu2021
14
hegu2021 2022.10.26 22:50 
 

fantastic!! is there an EA that might work with TickCandle?

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Ilan is a well known algorithmic trading system with its advantages and inconveniences. He is reputed to have good results when the prices are in a range but also to blow up the accounts in the case of strong trend. From a basic Ilan system, I added a trend filter to detect range periods, so that it trades only during these periods. I have also added a feature allowing it to adapt to economic news, it will not trade from one to several hours before and after a news depending on its importance. O
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hegu2021
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hegu2021 2022.10.26 22:50 
 

fantastic!! is there an EA that might work with TickCandle?

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