Topic: Indicator Request
Can someone please add the Heiken Ashi indicator please. The indicator is highly usefull. Thanks
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Forex Software → Forex Strategy Builder (legacy) → Indicator Request
Can someone please add the Heiken Ashi indicator please. The indicator is highly usefull. Thanks
Ok
I'll add it in the next version of FSB (in 2 weeks)
The Heiken Ashi indicator will be put into an "Opening logic condition" slot
The logic will be:
Allow long entry when there is: respectively short entry
"White H.A. bar without lower shadow" "Black H.A. bar without upper shadow"
"White H.A. bar" "Black H.A. bar"
"Black H.A. bar" "White H.A. bar"
"Black H.A. bar without upper shadow" "White H.A. bar without lower shadow"
Formula:
haClose = (Open+High+Low+Close)/4
haOpen = [haOpen(Previous Bar) + haClose(Previous Bar)]/2
haHigh = Max(High, haOpen, haClose)
haLow = Min(Low, haOpen, haClose)
Thanks
Is it possible a full support of "Heiken Ashi" in FSB?
I mean entry and exit points.
It is already done and will be published in several days.
"Heiken Ashi" presents in all the indicator slots in FSB v2.5.3.1
"Entry Point"
- Enter long at the H.A. High
- Enter long at the H.A. Low
"Entry Filter"
- White H.A. bar without lower shadow
- White H.A. bar
- Black H.A. bar
- Black H.A. bar without upper shadow
"Exit point"
- Exit long at the H.A. High
- Exit long at the H.A. Low
"Exit Filter"
- Black H.A. bar without upper shadow
- Black H.A. bar
- White H.A. bar
- White H.A. bar without lower shadow
Its logic is completely mirror for Long and Short positions.
The values are plotted over the price chart:
HA High - a blue point
HA Open - a green point
HA Close - a red point
HA Low - a blue point
Some times (during a strong trend) the opening point is below the higher or lower point and you can see two blue and one red points.
During a strong uptrend the HA High is at the current bar High and the HA Open is at the HA Low (white HA candle without lower shadow)
Resp. For a strong downtrend we have a black HA candle without upper shadow.
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