I’ve got a newbie question if I’m doing something wrong and I’m hoping that the knowledgeable folk on here could confirm that for me please.
I’m currently experimenting and backtesting different indicators and am looking at the heikin ashi smoothed buy/sell on tradingview.
Looking at the charts it roughly seems to give a good signal to buy or sell during trends. What I’ve done is try to do some live testing on it by setting an alert - for example to buy
I get an alert to say buy and then I place my buy order but have noticed that the ‘buy’ text does not subsequently appear in the chart. If the market goes against me then obviously this is a losing trade but to anyone retrospectively looking at this indicator on the chart, they would not know this as the buy signal does not appear so would be very misleading.
For example screenshots attached showing buy signal on AUS/NZD at 19:30 on 17th April but no such “buy” text appears on the chart for that time so somebody retrospectively looking at this chart and indicator would never have known that it gave a buy signal.
Am I missing something or is it such that most signals only appear on the chart some period of time subsequently after when the signal is generated and alert raised only if it is successful?
The text you specify in the alert will be shown in a little box when the alert is triggered and in any eventual banner on your mobile or if you activated browser notifications. It does not get written on the chart. You may have to place that manually (probably use something like an arrow to pinpoint the exact candle).
I see - thanks for that, that’s quite useful. I’ve been backtesting this indicator and looking at entry/exit points based on the buy/sell text appearing on the chart like in this screenshot here
Easy enough to do in retrospect but it seems the text does not appear in real-time on a live chart and so it seems it only appears in retrospect occasionally and sometimes not at all making it not as good/reliable an indicator as I was hoping.
Please what’s the best time frame to enter trades using Heikin Aishi Candle sticks? Have been using 4H For my back testing but I need y’all gurus in the house to tell me your opinions and the best time frame to use. Thanks
No I don’t mean that long. Generally the 4 hour Vs 15 or 30 min charts the 4 hour has a lot less noise.
But I should qualify my initial findings with my initial post here…I’m not sure that that means anything as not all the signals generate a buy/sell label and so I don’t think looking back and backtesting is accurate or reflected in live trading that way
