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how to scan for heikin-ashe chart patterns using 2 EMA AND 6 EMA

HIEKIN-ASHE CHART SCANS

Answers

  • Apparently you can create charts in Heiken-Ashi, but I don't see any scan terms in the drop downs on the advanced scan page for it. If it can be done, the scan terms will be in one or more of those drop downs. I don't use H-A, so maybe I missed something.
  • lmkwinlmkwin ✭✭
    There is a "Strategy" on ThinkorSwim that deals with HA moving average verse Candlestick or regular chart type moving average crosses. I don't see a formula for it though on calculating the MA of the HA


    SVEHaTypCross
    Description

    The SVEHaTypCross strategy is a trading system which combines price plot coloring, moving averages, and Buy/Sell triggers. These three elements are based upon Heikin Ashi values. Two EMAs (exponential moving averages) are calculated for the system: EMA of typical price and that of average price of Heikin Ashi bars. These averages form two plots which produce Buy and Sell signals for the strategy.

    A Buy signal is given when the first average crosses above the second at a bullish bar; conversely, a Sell signal is given when the crossover of opposite direction happens at a bearish bar. These signals also divide the price plot into trending sections: those between consecutive Buy and Sell signals are considered uptrend and colored green while those between consecutive Sell and Buy signals are considered downtrend and colored gray. The plots and coloring system are added to this strategy in order to facilitate your decision whether to use the default parameters or to adjust them.
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