HAS Indicator - Misc indicators & EA's
I am posting a screenshot of the wick length of the Heiken_Ashi_Smoothed indicator. The reason I ask these questions is that I think this indicator is the closest thing to a "holy grail" indicator I think I can find!
This is truly an amazing way to get rid of the whipsaw and keep you in trend trading. If it weren't for finding this indicator, I would have been ready to throw in the towel.
My thanks to the developers of this smoothing indicator and the author of this post!
Now to answer my question.
1. Obviously, the larger the candle body, the bigger the trend, but what does the upper shadow tell us about the strength of the trend?
2. Why are there so many upper shadows and almost no lower shadows?
Any help would be greatly appreciated!!!!!!!
Steinitz
Attached picture http://www.forexfactory.com/attachme...1&d=1172579069
This is truly an amazing way to get rid of the whipsaw and keep you in trend trading. If it weren't for finding this indicator, I would have been ready to throw in the towel.
My thanks to the developers of this smoothing indicator and the author of this post!
Now to answer my question.
1. Obviously, the larger the candle body, the bigger the trend, but what does the upper shadow tell us about the strength of the trend?
2. Why are there so many upper shadows and almost no lower shadows?
Any help would be greatly appreciated!!!!!!!
Steinitz
Attached picture http://www.forexfactory.com/attachme...1&d=1172579069
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