Heikin Ashi Advanced

jali

Newbie
Apr 16, 2020
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Did you try contacting the author of this indicator? Perhaps, he already has the MT5 version of it.

hi enivid, No he hasn't MT5 version of this .. also i searched all alot there is no MT5 version of Heikin Ashi MTF...

Anyways this Heikin Ashi Advanced mtf strategy if you Put 1 day candle on 1h chart There a high probability of 75 / 85 % winning trades every single day , hope this helps, and someone can convert this to mt5 version.

thanks
 

Enivid

Administrator
Staff member
Nov 30, 2008
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Odessa
www.earnforex.com
Anyways this Heikin Ashi Advanced mtf strategy if you Put 1 day candle on 1h chart There a high probability of 75 / 85 % winning trades every single day , hope this helps, and someone can convert this to mt5 version.

Do you realize that when you add an MTF HA indicator on H1 chart based on H4 candles, you get a misleadingly looking historical chart? That's because the indicator is aware of all the parameters (OHLC) of the higher timeframe candle when it is drawing even the first candle of the lower timeframe. This is useless in live trading, but it makes the historical charts look like if the indicator is predicting the levels very accurately. See the screenshot for illustration:
ha-mtf.png
 

jali

Newbie
Apr 16, 2020
9
0
1
31
Do you realize that when you add an MTF HA indicator on H1 chart based on H4 candles, you get a misleadingly looking historical chart? That's because the indicator is aware of all the parameters (OHLC) of the higher timeframe candle when it is drawing even the first candle of the lower timeframe. This is useless in live trading, but it makes the historical charts look like if the indicator is predicting the levels very accurately. See the screenshot for illustration:
View attachment 16078

really i dont know if this source code is the original from this one .EX4 i attached, because it works well on my mt4

and HERE the source for the mq4 file is from here : https://www.mql5.com/en/forum/323840
I dont know if something wrong in the code .
here proreal time course code :https://www.prorealcode.com/proreal...kin-ashi-candles-on-a-lower-time-frame-chart/
 

Attachments

Enivid

Administrator
Staff member
Nov 30, 2008
15,903
789
144
Odessa
www.earnforex.com
really i dont know if this source code is the original from this one .EX4 i attached, because it works well on my mt4

and HERE the source for the mq4 file is from here : https://www.mql5.com/en/forum/323840
I dont know if something wrong in the code .
here proreal time course code :https://www.prorealcode.com/proreal...kin-ashi-candles-on-a-lower-time-frame-chart/
It looks like you misunderstood my point. It isn't some problem in the code - it's the problem of this type of indicators. When you display higher timeframe's candle on top of the lower timeframe's one, you get an illusion of supergood signals because the higher timeframe's candle appears (visually) before all of its lower timeframe constituents have appeared. This is especially evident in the separate window MTF HA indicators (such as 4 TF Heiken Ashi Arrows.mq4 that you attached).