Instead of using the open-high-low-close (OHLC) bars like standard candlestick charts, it uses a modified formula. Out of which only following two are used in this strategy.
High = Max (High,Open,Close)
Low = Min (Low,Open, Close)
Ichimoku Kinko Hyo:
The Ichimoku Kinko Hyo system includes five kinds of signal, of which this strategy uses four signals i.e. Tenkan Sen / Kijun Sen Cross, price crosses the Kijun Sen, Chikou Span and Kumo. Although the Chikou Span, Senkou Span A and Senkou Span B (Kumo) are shifted into the past/future, these trigger signals enhances the strategy.
The Tenkan Sen, also known as the Turning or Conversion line, is a moving average of the highest high and lowest low over the last 9 periods in this strategy.
The Kijun Sen, also known as the Standard or Base line, is a moving average of the highest high and lowest low over the last 24 periods in this strategy.
The Chikou Span, also known as the Lagging line, is the closing price plotted 24 periods behind in this strategy.
The Senkou Span A, also known as the 1st leading line, is a moving average of the Tenkan Sen and Kijun Sen and is plotted 24 periods ahead in this strategy.
The Senkou Span B, also known as the 2nd leading line, is a moving average of the highest high and lowest low over the last 51 trading days is plotted 24 periods ahead in this strategy.
especially long condition ' max(hahigh,hahigh) ' i tried many logic yet get an prediction error. How to interrupt this ?
Thank you emohil, will await for your reply. :)
Cheers for the script , Love from malaysia <3
Yui0
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Does it repaint??
Thanks
Cobix
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@Yui0, Yes it does. It always does when using heiken ashi candles
budok1974
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Hello everyone,
I'm a trader from Italy, great script!
I'd like to apply this with real money account (CFD, Brent, Cripto). CAN you recommend a broker that supports this strategy?
Thanks in advance.
Marcello
donrj007
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Great work @emohil Need a favour !! Is there any way to create custom altert for each signals inside the pine script ..Badly needed ur help on this...
UnknownUnicorn1178563
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I heard Heikin Ashi strategies are deceptive when it comes to price, that profit percentage wont be achievable on normal candles.
emohil
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@Batcash, Yes, you are right, results are decent with real candlesticks too.
kaveh0917
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liiike:)
lakhan2000
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does this strategy work iam getting good results for h1 time frame of xauusd
You are watching well.
1
Is it a repaint?
2
The signal does not appear on the cigar.
Why?