Exploring Modified Heiken Ashi
New Parameters:
extern int CountBar=1; // Number of bars to calculate the opening price
extern int mode=0; // Method for calculating the closing price
// (mode==0) haClose=(High[pos]+Low[pos]+Close[pos])/3.0;
// (mode==1) haClose=(High[pos]+Low[pos]+Close[pos]+Open[pos])/4.0;
Modified Heiken Ashi Indicator
If you're looking to refine your trading strategy, the Modified Heiken Ashi indicator could be a game changer. This tool modifies the traditional Heiken Ashi by adding parameters that allow for more precise calculations. With settings like CountBar and mode, you can tailor the indicator to better suit your trading style.
The CountBar parameter lets you decide how many bars to take into account for calculating the opening price, while mode gives you options on how to compute the closing price. You can choose between two methods:
- Mode 0: This averages the high, low, and close prices.
- Mode 1: This averages the high, low, open, and close prices.
By adjusting these parameters, you can better adapt the Modified Heiken Ashi to your trading needs. As you experiment with different settings, you'll find what works best for your strategy and market conditions.
Happy trading!
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