andrewqiu9774

quit your bullshit! Heikin-Ashi Backtest with Real Candle Values

Made in a few minutes to debunk all the bullshit going around tradingview and everywhere about "heikin-ashi" being a holy grail trend indicator.
Do not be deceived.
Heikin-Ashi is a beautiful way to remove much of the noise in markets, and is light on the eyes. (nice and smooth!)
I personally use heikin-ashi as a way to remove a lot of the clutter in the markets, allowing me to trade with less emotion.

While heikin-ashi is a great way to visualize trends, it is NOT a good trend indicator because its displayed values do not align with actual trading values.
Therefore, entry and exit points for many of the ideas published about heikin-ashi for trade are inaccurate.

::: When Heikin-Ashi changes colour for x candles, a new trade is created on the open of the following real candle.

In practice, Heikin-Ashi is much closer to break even.
As tested, Heikin-Ashi trend trading works better on pairs that have clearer definitions of trends and are less often in consolidation. (ex. USDJPY )

Usage:
Switch to normal candlestick chart.

Features:
Change the period for new trades. (For example: x amount of red candles after a green candle to signify short trade)
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Comentarios

Hello, does it repaint?
+2 Responder
how add rsi ema cross over in this script, rsi >rsiema(9) &h_color green,h_green -rsi<rsi signal=ignore,
Responder
I mean the results are not amazing, but they're not horrible either.. hehe
Responder
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