name the composition of this AFl
- Thread starter pankajtak
- Start date
It is not Heikin Ashi...as you said some bakwaas...
If used along with other known strategies HA is very much supportive in staying till the trend exhausts.
HA bullish candles doesn't have no lower wicks indicating strong uptrend and bearish candles doesn't have no upper wicks indicating strong downtrend. A candle with both wicks indicate a probable trend reversal.
My view, entry on standard candle and switch to HA to catch the maximum trend without stress.
Just for reference, I have attached standard and HA charts.
Standard
Heikin Ashi
If used along with other known strategies HA is very much supportive in staying till the trend exhausts.
HA bullish candles doesn't have no lower wicks indicating strong uptrend and bearish candles doesn't have no upper wicks indicating strong downtrend. A candle with both wicks indicate a probable trend reversal.
My view, entry on standard candle and switch to HA to catch the maximum trend without stress.
Just for reference, I have attached standard and HA charts.
Standard
Heikin Ashi
@bunti bhai,
this very system , i have compared it with the actual candlestick price , yes to certain extent you are that , late entry and late exit ,
to my observation, late entry and late exit points are not so big , so loss chances are meagre , but u can utilise whole upside sometime 100 points in nifty.
@amsin21
...sir if it is not HA , den what it is ?, and i can see ur attached pics
i have already ur way to trade share , but the problem with using both HA and standard candle is that , u can mostly earn 15 -20 points in nifty , rarely u can touch 50 points .
Im searching for this afl , what i think is that , its combination of ATR, MACD, trending ribbon and smotthed HA.
thanx all of u for entertaining my query.
waiting for ur expert advice .
this very system , i have compared it with the actual candlestick price , yes to certain extent you are that , late entry and late exit ,
to my observation, late entry and late exit points are not so big , so loss chances are meagre , but u can utilise whole upside sometime 100 points in nifty.
@amsin21
...sir if it is not HA , den what it is ?, and i can see ur attached pics
i have already ur way to trade share , but the problem with using both HA and standard candle is that , u can mostly earn 15 -20 points in nifty , rarely u can touch 50 points .
Im searching for this afl , what i think is that , its combination of ATR, MACD, trending ribbon and smotthed HA.
thanx all of u for entertaining my query.
waiting for ur expert advice .
Dear amsin my brother what pankaj is posted all different system than what ur posting in images .
Pankajs image has hekeinashi candle+moving averages integrated with it which will not show the correct levels at all.here is the link see 6Th code .
http://www.traderji.com/amibroker/95300-sum-gud-afl-components-code.html
And in your image they are plain hekeinshi candles which are good to keep u in a trade in trending market.how will u find the trending market thats a whole different thing.not all candle without lower wicks shows a uptrend and vice versa for downtrend .also a major drawback of these hekein candles are they are calculated from previous candles ohlc values , so whenever there will be gapup and gapdown it will not show u .instead it will show a long candle making false impression of big candle...so be aware and happy trading.
Pankajs image has hekeinashi candle+moving averages integrated with it which will not show the correct levels at all.here is the link see 6Th code .
http://www.traderji.com/amibroker/95300-sum-gud-afl-components-code.html
And in your image they are plain hekeinshi candles which are good to keep u in a trade in trending market.how will u find the trending market thats a whole different thing.not all candle without lower wicks shows a uptrend and vice versa for downtrend .also a major drawback of these hekein candles are they are calculated from previous candles ohlc values , so whenever there will be gapup and gapdown it will not show u .instead it will show a long candle making false impression of big candle...so be aware and happy trading.
Thanks bro, as I said earlier HA should be used only along with well defined strategies to keep you in trend. It should not be used as the prime strategy for positioning. It should be used only for naked eye trend identification.
HA price calculation uses averaging. So normal candle stick patterns like engulfing, gaps etc are not valid in HA. But doji is a strong valid one for decision making and is the only required for exit.
Myself uses standard candle close above Ichimoku-KS for positioning , and switch to HA to be in trend till exhaust. To avoid ranging market, Chikou span is used.
Hi Pankaj,
Just my view :
The chart you have posted can be considered a perfect trend. So does not matter what this AFL is, if you check the same chart for the same time period with some simple MA, Supertrend, MACD, RSI, ADX, all would show similar signal. So it is not that this particular AFL caught the move, almost all AFL's or indicators would do so. Though this is not the answer you are looking for, just sharing some perspective. My 2C.
Just my view :
The chart you have posted can be considered a perfect trend. So does not matter what this AFL is, if you check the same chart for the same time period with some simple MA, Supertrend, MACD, RSI, ADX, all would show similar signal. So it is not that this particular AFL caught the move, almost all AFL's or indicators would do so. Though this is not the answer you are looking for, just sharing some perspective. My 2C.
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