Heiken-ashi candlesticks are also called sometimes Heikin-trading pullbacks forex candlesticks. Heiken-ashi candlesticks provide interpretation of market trends in a neat and descriptive way. Unlike regular Japanese candles, Heiken-ashi don’t show open, high, low and close. Instead they calculate values of each candlestick based on the dominant forces in the market.
These Heiken-ashi candles are a perfect tool for traders who like following trends to their very extend. Heikin-ashi Candles also looks much more simplified. The trends on Heiken-ashi charts have more distinguished and smoother look. But this doesn’t limits the use of Heiken-ashi candles in Forex. Heiken-ashi candlesticks are good at suggesting trading and also trailing stops. A trailing stop is placed at the bottom of a bullish Heiken-ashi candlestick in an uptrend and at the top of a bearish candlestick in a downtrend.
A top is adjusted with each new fully formed candlestick. Heiken-ashi candles are truly amazing candles to trade with! You are doing a great job. This work will benefit a lot of New traders like me.
The second – its smoothed version. Smoothed heiken-ashi candles are slower to react to trend changes when those occur sharply, but overall smoothed heiken-ashi will keep you in a trend longer. Standard heiken-ashi candlesticks will be changing colors from red to blue and back every time there is a reasonable correction in price. You can use both indicators simultaneously. Thank you for these fantastic candles. Thanks for all your hard work on this site. I’m sure it’s helping many of us out there.
May the trading gods smile on you. It’s my pleasure to give back the knowledge I have. These candlesticks HAVE to be a better way to prevent getting whipsawed out of a potential profit! How pls can i get these indicator in my mt4 platform so i can use them. Hide your regular candlestick: right click anywhere on your chart, go to Properties. Switch to the tab “Common”, where make sure that “Chart on the foreground” is not selected. I tried three times to sign up for your list but never received a confirmation email.