Hey guys. I have been testing and back testing Heiken Ashi candlesticks on different time frames and I think they do a great job at eliminating the noise in the market especially on the 1hr tf.
I conduct multi timeframe analysis starting from monthly, weekly, daily and 4hr tf and draw the most significant trendlines on all these TFs. So when price touches a trend line and reverses I use HK to time my entry and also as a trailing stop loss.