I had missed that post on your request for insights on the HA bars. So here comes a bit of information. HA bars modify the bars so first its important to note that it will not match with candlesticks or bars. With that said the modifications do a couple of things. If your dealing with daily bars it will remove gaps. If you dont have gaps you can trade the trends a little bit easier. So HA give you trends. With that said HOW do they give trends? If you are in a strong uptrend the bodies of the bars should appear at the very bottom of the bar. If your on a strong down trend then the body should be on the top of the bar. Also if you notice at reversal points you get very small bodies at the center of the bars. Let me know if you need examples cause I dont have the HA indicator on my computer anymore. P.
In other words, follow the wicks of the candles,they show you where the trend is going. Up wicks Uptrend, down wicks downtrend
Sorry c.p no tradestation here, did you take a look at the document posted with a recap of all the price indicators posted so far?
I find it easier to focus on the position of the body, cause if its not at the very bottom, that means that its loosing strength. P.
I'm using my amibroker code , which should replicate the one posted by iluv2trade. Keep in mind that a different data feed can give you slightly different chart, do you see so much difference? Or is just the signal. Let me know and as the last resource try to post here the text of the code you are using and I'll take a look, when time permits
Ehe yes sir, you are right, in a uptrend the first time you see a wick in the bottom is a sign of loss of momentum. Pretty slick these Ashi candles, by the way did you know they mean average candle or something, if you look at the way they are calculated you can see why.