This Alert indicator utilizes the Heiken Ashi with non lag was a scalping and intraday trading system
that has been adapted also for trading with binary options high/low. There is also included
filtering on direction and trend direction as indicated by two MA: (11) and (89).
The the Heiken Ashi candles are great as price action trending indicator, they shows smooth strong
and clear price fluctuations.
Financial Markets: any.
Optimsed settings for 1 min, 5 min and 15 min Time Frame;
Expiry time for Binary options High/Low 3-6 candles.
Indicators used in calculations:
- , period 89
- , period 11
- Non lag , period 20
- 2 colour (13,26,9)
Generate Alerts use the following Trading Rules
Heiken Ashi with non lag dot
Trade only in direction of the trend.
UP trend moving average 11 period is above 89 period,
Doun trend moving average 11 period is below 89 period,
CALL Arrow appears when:
Trend UP SMA11>EMA89 (optionally disabled),
Non lag MA blue dot and blue background.
Heike ashi green color.
2 Colour histogram green bars (optional disabled).
PUT Arrow appears when:
Trend UP SMA11<EMA89 (optionally disabled),
Heike ashi red color.
Non lag MA red dot and red background.
2 colour histogram red bars (optionally disabled).
- Good positions occur when crosses the Zero line.
- Switch between Heikin Ashi and Normal candles as part of your analysis of the price action.
- Large Heikin Ashi candles with small wicks in direction of trend are good strong trends.
- Added extra Alerts.
- Added optional Arrows for ZEMA direction change alerts.
- Updated to version3 Pinescript.
- Replace ZEMA calculation with more accurate formula.