This is an upgrade of the old Heikin/Kaufman Strategy. This script DONT use Heikin value anymore, so I hope no more repaint. Try it and let me know. Use an ADX indicator can help to check the strenght of the trend.
Is there a new version of this pine? I mean version 4 or 5? I'm getting a lot of false alerts, need to add lookahead to false, which comes in pine versions 4 & 5. the "bmha_close = security(tickerid, res1, hlc3)" did not help as suggested below
davide.antonio.formenton
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**** DO NOOOOOOOOOOOOOOT **** use it during live sessions. It repaints like hell. It's one of the pointless indicators that changes its mind afterwards.
zekils
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Another problem spotted: the entry is pointed at the candle open price. It makes more sense to point it at the close price. How would I fix this?
nerdyckc
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this indicator has the future leak issue....basically using Heikin Ashi for backtesting always gives wrong results.....
gleefulBird18629
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Unfortunately this strategy almost certainly is still repainting/look ahead bias. e.g. take GBPUSD on a 4hr time frame (or any time frame < 1 day) and the results are amazing. Switch to a day (or higher) & the result are mediocre. This seems to apply on most assets I've tried. :-(
nyegin
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Hi Marco, I am using your indicator but during the period signals are changed. For example; I use 15 minutes time period and the system alerts a buy signal, after one-minute alert sell signal. When I check the graphic I can't see any signals. Or the system alerts a buy signal after one-minute there is no signal, but after maybe 2 hours that signal is at there. Signals are not stable. I changed Xprice from hlc3 to open but signals are still changing. I look at the code and changed "bmha_close" from hlc3 to open. But this time results are negative. How I can correct this issue?
nomatter123
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@nyegin, This means that the indicator "repaints" (changes the results after the fact). This makes the indicator useless.