This is a backtested Heikin-Ashi candles color change strategy.
You have to use this strategy on normal candles and not Heikin-Ashi!!!
Why normal candles? :- Because if you'll apply this strategy on Heikin Ashi candles then your backtesting won't be valid.
Here's how to use it.
Go LONG in case of ALL of the condition matches:-
1) When Buy arrow appeared under the last daily candle. 2) Candle background color should be green. 3) When the MA line changes the color from red to green.
Go SHORT in case of ALL of the condition matches:-
1) When Sell arrow appeared above the last daily candle. 2) Candle background color should be red. 3) When the MA line changes the color from green to red.
This strategy work in all the asset and all the timeframe.
Happy Trading!!!
Release Notes
⋅
Added Long/Short Alert for more accuracy.
Go LONG in case of ALL of the condition matches:-
1) When Buy arrow appeared under the last daily candle. 2) Candle background color should be green. 3) When the MA line changes the color from black to white. 4) When Long alert generated
Go SHORT in case of ALL of the condition matches:-
1) When Sell arrow appeared above the last daily candle. 2) Candle background color should be red. 3) When the MA line changes the color from white to black. 4) When Short alert generated.
Thank you very much for sharing your script. I am an old guy and new to all of this. Can you kindly make a change to it so that it executes where it says long or short instead of about 2 bars or so later (if I am reading it right)?
Can you kindly make a change to it so that it executes where it says long or short instead of about 2 bars or so later (if I am reading it right)?