I have just started reading about heikin ashi charts. Those who have been using this candlestick, can they share their strategy and the time frame they use this candlestick on?
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Time Frame is dependent on you position holding time. if you are a scalper then 1Min. If you are intraday then 5Min & 15Min.
for position trade 1Hr. 1Day.
Take position in the direction of market. for if you see two green candles with good volumes then go long. and vice versa for short.
use 21 EMA. take long only if green candle is above this line
short is if red candle is below this line.
stop loss previous swing low for long and previous swing high for short.
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How do you get LIGHT blue bar on right hand side?
what is it?
it is PINK BARS VOLUME PROFILE
thank u friend.
This works well. Any other tips?
Use super trend parameters: Period 12 multiplier 2.8. Time frame 15 min.