Heiken Ashi Block

35 December 7, 2023

Overview

List of Indicators

  • Heiken Simple
  • Heiken Smooth

Strategies

  1. Cross 
  2. Up and Down.

– 1. Cross –

BUY SIGNAL = If your current number of candles  (Minimum Bar for Valid Signal) is Green + the previous candle is red (opposite color).

SELL SIGNAL = If your current number of candles  (Minimum Bar for Valid Signal) is Red + the previous candle is green (opposite color).

– 2. Up and Down –

BUY SIGNAL = If your current number of candles (Minimum Bar for Valid Signal) is Green.

SELL SIGNAL = If your current number of candles (Minimum Bar for Valid Signal) is Red.

Others Inputs

  • Heiken Time Frame – Select indicator timeframe.
  • Signal Indicator  – Select Heiken Indicator. 2 Indicators are available in this list. You can choose any of them for your signal Indicator.
  • Heiken Smoothed (Method_1) – Set Indicator Method
  • Heiken Smoothed (Period_1) – Set Indicator Period
  • Additional Filter – Set Additional Filter. 4 Additional filter available. Each Filter you can choose different time frames or keep disable it. It will check additional time frames for the strategy logic.
  • Minimum Bar for Valid Signal – Minimum candle will be the same for a valid signal. Candle starts from the current.
    Example – If you set 2 that means EA will check 2 candles from the current candle must be the same color.
  • Signal Bars (0-Current Bar) – Select which candle EA considers as a signal. 0 means the current candle, and 1 means the previous candle from the current candle.

How to Active

#Step 1 – 

First, you have to active HEIKEN ASHI SECTION to Set from EA’s Input.
Active Heiken = On

#Step 2 –

Select your trading type from Strategy Type. It should be CROSS or UP and DOWN.

#Step 3 – 

Select your signal indicator from Signal Indicator. You have 2 indicators to choose from.

NOTE: Some indicators are not supported on MT4. All indicators are supported on MT5.

After your indicator selection is done then configure your indicator. Like Method, Period, Additional Filter and Bar for valid signal.

NOTE: Not all indicators require that you configure all the inputs.

Example