OPEN-SOURCE SCRIPT
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)
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)
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.