Heiken Ashi users?

Discussion in 'Technical Analysis' started by TraderGreg, Jul 14, 2008.

  1. I've personally considered experimenting with candlesticks in different ways for a while, but I hadn't realized that there was one already. Have you used Hekin Ashi, and what is your experience with it? Also, what is your experience before using Heikin Ashi as well as your trading type?

    Thanks for your help.
     
  2. IME, Not too good, looks great on the left (like most of the esoteric stuff floating out there) but not of much use on the right side
     
  3. Remember that with Heiken-Ashi the candles you are seeing do not represent the actual prices. HA candles are derived by applying some formula to regular candles.

    They are good for showing trends, but not for showing actual prices.

    There's an article that was linked to here explaining why this can be bad, and why HA candles can give bad buy/sell signals.

    I'll try to find it and post it.