Anyone have experience in using these types of charts as opposed to normal candlestick charts?
I’ve been experimenting and interested in anyone’s opinions or system experiences.
Hey,
I find Heiken Ashi makes the normal candlestick charts a lot more ‘readable’. It can help make trends easier to detect as it filters out a lot of the unnecessary noise. There are quite a number of strategies that make good use of the Heiken Ashi indicator that you should check out (that and the Heiken Ashi smoothed).
Do I use HA on a daily basis? No. But, as with everything else, it’s all a matter of preference. Definately worth giving it a go though.
FYI I have had a somewhat mixed success using HA.
AJ
Love him,very seldom disscussed on this forum.The other indicators get more pub.
Do you know where I could find some of these reads? I’ve looked at a few threads on this forum and looked on the internet but anything you’ve seen that’s worth a look?
[B]A little warning about Heikin Ashi candles!![/B] :eek:
They are [U]not the golden goose [/U]that you are looking for!! 
HA candles are lagging candles, just like lagging indicators.
This lagging indicator is dressed up like a candle to fool you!! 
And what is worse, the price action you see on a HA is not the real price action!! :mad:
Trading with HA successfully requires a good deal of experience and the back up of the Starc or Keltner bands for confirmation.
Preferably within an envelope of the traditional Bollinger bands.
Otherwise you will not know whether you are Auther or Marther!!
I doubt their usefulness for the longer timeframes.
[B]There are better ways to trade than using these things!![/B]
Yeah I definately know about how each candle is made and how it adds to the lag. The template I have for smoother HA is quite nice as it shows a line for the actual price on the same chart as the HA bars. Helps to keep things in perspective.
Tymens right about the ashi.But i use it in different ways like Cathy Liens inside candle strategy i rather use the Ashi especially in oversold conditions
I’ve posted an article on my web site with some in-depth info about Heiken Ashi and what it is.
I use Heiken Ashi with Bollinger Bands and slow stochastics. In addition, I have found that the use of multiple time frames (1hour-15min usually), help to both decrease my number of losing trades and allow me to let my winning trades run. Since implementing this strategy, my trading account has grown considerably.
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I agree with what Investopedia as to say with this also.
Conclusion
The Heikin-Ashi technique is extremely useful for making candlestick charts more readable–trends can be located more easily, and buying opportunities can be spotted at a glance. The charts are constructed in the same manner as a normal candlestick chart, with the exception of the modified bar formulas. When properly used, this technique can help you spot trends and trend changes from which you can profit!
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