Blockcircle Heikin-Ashi + Higher Time Frames

21 Şub 2023

The Heikin-Ashi chart effectively filters out market noise by averaging price data, resulting in smoother trends that assist traders in identifying and following market movements.

This chart type can be applied across multiple timeframes to generate valuable insights. By utilizing Heikin-Ashi charts in multiple timeframes, traders can better assess market trends from various perspectives.

Examining the charts at different time intervals helps reveal different aspects of price action, such as short-term trends, long-term trends, and potential trend reversals. This comprehensive approach to market analysis can ultimately lead to more accurate trade decisions and improved overall performance.

A Heikin-Ashi chart is an invaluable tool for traders looking to filter out noise from market signals, enabling them to make more informed decisions. This chart type modifies traditional candlestick charts by using averaged price data to create smoother, more easily discernible trends.

This averaging process makes it easier to identify and follow market movements, while reducing the impact of short-term fluctuations that may not accurately represent the overall trend.

This custom technical indicator offers an effective means of filtering out market noise by smoothing price data, which allows traders to more accurately identify and follow trends. By applying this chart type across various timeframes, traders can gain valuable insights into market behavior and enhance their decision-making process.

5 May 2023

Sürüm Notları

Optimized the code and set default pre-defined higher time frame values as 2 hour, 4 hour, 1 day, 1 week, and 1 month