OmniTrader Forum - OmniTrader General Discussion
Heikin Ashi Candle closing above / below EMA
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Rean

Posts: 105

Joined: 8/30/2013
Location: Johannesburg, South Africa

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Subject : Heikin Ashi Candle closing above / below EMA
Posted : 5/1/2024 5:01 AM
Post #48910
Hi all

This is similar to another post of mine: https://www.omnitrader.com/currentclients/otforum/thread-view.asp?threadid=16614

I want try something similar using HA candles. Can someone guide me on how to fire signals on these conditions?

- Heiken Ashi candle closes above the EMA(high,5).
- Heiken Ashi candle closes below the EMA(low,5)

Attached file : Screenshot 2024-05-01 120257.png (100KB - 175 downloads)

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Barry Cohen

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Joined: 1/19/2004

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Subject : RE: Heikin Ashi Candle closing above / below EMA
Posted : 5/2/2024 9:25 AM
Post #48911 - In reply to #48910
Like in the other similar post, since you already have that strategy, save that strategy under a new name & then just change the filter to these conditions:

Long: C > EMA(H,25)
Short: C < EMA(L,25)

Also use the Heikin Ashi timeframe.
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Rean

Posts: 105

Joined: 8/30/2013
Location: Johannesburg, South Africa

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Subject : RE: Heikin Ashi Candle closing above / below EMA
Posted : 5/2/2024 9:27 AM
Post #48912 - In reply to #48910
Thanks Barry. I thought that I needed a way to tell the script that it's an HA candle.

Thanks for the feedback.
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Barry Cohen

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Joined: 1/19/2004

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Subject : RE: Heikin Ashi Candle closing above / below EMA
Posted : 5/2/2024 12:52 PM
Post #48913 - In reply to #48912
There is a way to do that since Heikin Ashi bars are just calculated off the base timeframe. If you want that, let me know. But using Heikin Ashi as your timeframe is easier.

https://www.omnitrader.com/currentclients/otforum/thread-view.asp?threadid=16651&posts=4