What is the "Heiken Ashi Algo Oscillator"
Well here is a link to it
It is an indicator that measures volume and momentum.
It plots and RSI as Heiken Ashi candles.
It includes seven different types of moving averages against the relative strength index.
Each one of these moving averages calculates faster than the previous, starting from the SMA to the LSMA.
It includes a hidden vwap as a moving average to confirm Trend Direction.
It uses a "Double Stochastic Strategy" designed by @CoffeeshopCrypto
The first Stochastic being called the "slow stochastic" and the second stochastic using a hull moving average calculation and it's K% and a separate multiplication in its D%.
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Welcome to the coffee shop everyone. This is your host and Barista Eric as always serving up something piping hot and frothy unless you just like a chai tea which tastes like a hot Garden in a cup. Chai is definitely not my cup of tea but I do like drinking tea over coffee . So if you feel like sending me something then let it be either coins on tradingview or it could be a few tea bags of your favorite.
Okay so I'm keeping the intro very short today and I know my videos tend to be pretty long and I max out at the 20 minute marker but I do like to keep you people informed and today is the information you've been waiting for.
today is the release of the Heiken Ashi Algo oscillator.
There is definitely not enough time in this video To break down all the different ways you can use it for trading because it is available to so many different styles and strategies so in today's video I'll show you what all the parts do what all the parts mean you can take it and added to your chart and start running with it.
In the meantime day-to-day you will see new strategies posted in my profile. Each one depicting a different trading strategy and trading style that can you can use against the Heiken Ashi Algo Oscillator.
I figured it would be easier this way anyway to break up the trading Styles across different videos so that there is no confusion and you won't have to worry about watching two different styles in the same video at least .
So without further Ado let's grab our coffee and tea and raise our glasses in a universal, community style toast and get onto the oscillator and all of it's moving parts.
This is where you need to play the video and listen, because it would be TOO MUCH to type and too much to read. So let's go.
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For my trading style, the HA candles have been Recalculate it again because I come to find out that the AHA candles are based on a 2. Calculation which means if my candles are set to 9. IRS I should be twice of that and my RS I'm moving average should be two times at so my candles are 9 my RS I is 18 which is 9 * 2 and my are as I'm moving average is 36 which is 18 * 2.
I just wanted to point this out before anyone starts asking me what are the best settings. these are not necessarily the best they are simply the ones that work for me.
HA Candle: These are the colors, Wicks, and borders, as they are plotted against yourRSI. they are simply a representation of the RSI signal but you can have your RSI set at one length while your candles are set at another length.
RSI: No description needed here this is simply the relative strength index
long exit - This is a signal to tell you the uptrend is going to pause or stop.
short exit - this is a signal to tell you that the downtrend is going to pause or stop
Resistance levels - This is a signal to tell you where you can set the beginning of a trend line and the level of resistance on your chart.
support levels - is this a signal to tell you where you can set the beginning or end of a trendline and set a support level on your chart
RSI Moving average - this is the signal line of your moving average against your RSI and you can choose up to 7 different calculations.
Buy and sel Signals - These signals are triggered based off of certain criteria happening in the oscillator related to volume and Trend Direction.
**WARNING** You should take BUYS when you are in an uptrend and SELLS in a downtrend. (IE 200ma below the 50 ma for uptrend and 200 above 50 for downtrend)
Slow stochastic RSI ribbon - this prints a visual representation of the regular stock a stick on your oscillator.
Fast Stochastic RSI ribbon - This is the second part of the double Stochastic strategy which prints a fasterStochastic on your chart which uses part of a hull Moving Average calculation.
Finally ALERTS have been included.
To use the alerts go to your alerts Tab and click create alert.
Under "Condition" select Heiken Ashi Algo
In the drop-down below it you can select:
buy signal to enter long
Sell signal to enter short
Soft Long or Short exit, if you want to get out of your Long or Short trade when the trend begins to change
Hard Long or Short exit, Is when you definitely should get out of your long or short trade.
there is also an alert set up if you want to be notified about new resistance levels or new support levels.
Just select the one you want and adjust the message that will arrive to you via email, phone, or on screen.
So........ did we do a good job? Let's talk in the comments below.
Well here is a link to it
It plots and RSI as Heiken Ashi candles.
It includes seven different types of moving averages against the relative strength index.
Each one of these moving averages calculates faster than the previous, starting from the SMA to the LSMA.
It includes a hidden vwap as a moving average to confirm Trend Direction.
It uses a "Double Stochastic Strategy" designed by @CoffeeshopCrypto
The first Stochastic being called the "slow stochastic" and the second stochastic using a hull moving average calculation and it's K% and a separate multiplication in its D%.
------------------------------------------------------------------
Welcome to the coffee shop everyone. This is your host and Barista Eric as always serving up something piping hot and frothy unless you just like a chai tea which tastes like a hot Garden in a cup. Chai is definitely not my cup of tea but I do like drinking tea over coffee . So if you feel like sending me something then let it be either coins on tradingview or it could be a few tea bags of your favorite.
Okay so I'm keeping the intro very short today and I know my videos tend to be pretty long and I max out at the 20 minute marker but I do like to keep you people informed and today is the information you've been waiting for.
today is the release of the Heiken Ashi Algo oscillator.
There is definitely not enough time in this video To break down all the different ways you can use it for trading because it is available to so many different styles and strategies so in today's video I'll show you what all the parts do what all the parts mean you can take it and added to your chart and start running with it.
In the meantime day-to-day you will see new strategies posted in my profile. Each one depicting a different trading strategy and trading style that can you can use against the Heiken Ashi Algo Oscillator.
I figured it would be easier this way anyway to break up the trading Styles across different videos so that there is no confusion and you won't have to worry about watching two different styles in the same video at least .
So without further Ado let's grab our coffee and tea and raise our glasses in a universal, community style toast and get onto the oscillator and all of it's moving parts.
This is where you need to play the video and listen, because it would be TOO MUCH to type and too much to read. So let's go.
-----------------------------------------
For my trading style, the HA candles have been Recalculate it again because I come to find out that the AHA candles are based on a 2. Calculation which means if my candles are set to 9. IRS I should be twice of that and my RS I'm moving average should be two times at so my candles are 9 my RS I is 18 which is 9 * 2 and my are as I'm moving average is 36 which is 18 * 2.
I just wanted to point this out before anyone starts asking me what are the best settings. these are not necessarily the best they are simply the ones that work for me.
HA Candle: These are the colors, Wicks, and borders, as they are plotted against yourRSI. they are simply a representation of the RSI signal but you can have your RSI set at one length while your candles are set at another length.
RSI: No description needed here this is simply the relative strength index
long exit - This is a signal to tell you the uptrend is going to pause or stop.
short exit - this is a signal to tell you that the downtrend is going to pause or stop
Resistance levels - This is a signal to tell you where you can set the beginning of a trend line and the level of resistance on your chart.
support levels - is this a signal to tell you where you can set the beginning or end of a trendline and set a support level on your chart
RSI Moving average - this is the signal line of your moving average against your RSI and you can choose up to 7 different calculations.
Buy and sel Signals - These signals are triggered based off of certain criteria happening in the oscillator related to volume and Trend Direction.
**WARNING** You should take BUYS when you are in an uptrend and SELLS in a downtrend. (IE 200ma below the 50 ma for uptrend and 200 above 50 for downtrend)
Slow stochastic RSI ribbon - this prints a visual representation of the regular stock a stick on your oscillator.
Fast Stochastic RSI ribbon - This is the second part of the double Stochastic strategy which prints a fasterStochastic on your chart which uses part of a hull Moving Average calculation.
Finally ALERTS have been included.
To use the alerts go to your alerts Tab and click create alert.
Under "Condition" select Heiken Ashi Algo
In the drop-down below it you can select:
buy signal to enter long
Sell signal to enter short
Soft Long or Short exit, if you want to get out of your Long or Short trade when the trend begins to change
Hard Long or Short exit, Is when you definitely should get out of your long or short trade.
there is also an alert set up if you want to be notified about new resistance levels or new support levels.
Just select the one you want and adjust the message that will arrive to you via email, phone, or on screen.
So........ did we do a good job? Let's talk in the comments below.
