Heiken Ashi w/ Doji Spotter - MetaTrader 4 Script - MT4/MT5 Resources
Original author:
This is standard Heiken Ashi, but there is an option to spot dojis and color them.
Basically, if the body of a candle is less than a certain percentage of the total range of that candle, then it is a doji. That's the premise behind this. Heiken Ashi's Dojis usually have little to no body, just a long head and tail. I default to 10% of the total range, but I've personally been testing it to 4%. YMMV.
Attachment download
📎 HeikenAshi_DojiSpotter.mq4 (6.72 KB)
Source: MQL5 #10386
Heiken Ashi w/ Doji Spotter - MetaTrader 4 Script Usage and Screening Advice
Heiken Ashi w/ Doji Spotter - MetaTrader 4 Script is a resource related to trading scripts. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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