indicator101: heikin-razaghi+ichi (without alert)
This indicator is based on Hiken Ashi candles and Kumo clouds. By changing the formula of Hiken Ashi candles, we made it possible to reduce the price noise to a greater extent, and based on this, we get the initial signal.
But with the observation we had on the chart, we realized that in order to get a better result, we should also pay attention to the price trend. Therefore, we filter the signal generated by the improved Hiken Ashi with Como clouds.
We can filter the generated signals in two ways.
In the first case, we only pay attention to the fact that when entering the long position, the close should be above the Como cloud, and vice versa for the short position.
In the second filter, we pay attention to the color of the Como cloud when issuing the signal. That is, when the long signal is issued, the color of the cloud should be green, and for the short position, the color of the cloud should be red.
We can also use the above filters simultaneously or separately.
But with the observation we had on the chart, we realized that in order to get a better result, we should also pay attention to the price trend. Therefore, we filter the signal generated by the improved Hiken Ashi with Como clouds.
We can filter the generated signals in two ways.
In the first case, we only pay attention to the fact that when entering the long position, the close should be above the Como cloud, and vice versa for the short position.
In the second filter, we pay attention to the color of the Como cloud when issuing the signal. That is, when the long signal is issued, the color of the cloud should be green, and for the short position, the color of the cloud should be red.
We can also use the above filters simultaneously or separately.