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The Heiken Ashi MA T3 indicator is a small trading system based on the indicators included in the standard forex set using an additional signal filter. The indicator's calculations are aimed at determining the current trend, as well as a trade that can be opened taking into account its direction. Heiken Ashi MA T3 is presented directly in the main window of the price chart in the form of colored candles, as well as colored dots, which, depending on the current trend, are formed under or above the candles. Taking into account the color and direction of the candles, the current trend is determined, and due to the formed dots, the moment of opening a position.
The Heiken Ashi MA T3 indicator is suitable for trading on any timeframe using any currency pairs.
Input parameters
In the settings of the Heiken Ashi MA T3 indicator, there is an Input Parameters section, which is responsible for its technical work and general functioning. The Colors section is responsible for its general visualization, namely the size and color of its values.
-MaPeriod - period for calculating the moving average of the indicator. The default value is 12.
-Step - step of moving average calculation. The default value is 0.
-MaMetod - type of smoothing of the moving average of the indicator. The default value is T3 by T.Tillson.
-T3Hot - value of the smoothed T3 line. The default value is 1.2272.
-BeBestFormula - option to use the calculation formula. The default value is false.
-T3Original - parameter to use the original version of the T3 indicator. The default value is false.
-SoftedValues - parameter for using soft indicator values. By default, it is set to true.
-ShowHeikenAshi - parameter for the presence of the Heiken Ashi indicator on the chart. The default value is true.
-ShowDots - parameter for the presence of dots on the chart. The default value is true.
-DotsGap - distance between points and candles on the chart. The default value is 0.99.
-DotUP - dot visualization code with growth value. Default value is 108.
-DotDN - visualization of points with a fall value. The default value is 108.
-DotsSize - size of indicator dots. Default value is 0.
-SoundFile - the type of sound file used when receiving the signal. The default value is alert2.wav.
-SIGNALBAR - the number of signal bars. The default value is 1.
-AlertsMessage - signal parameter in the form of a message in the main chart window. The default value is true.
-AlertsSound - option to sound notification when an alert is received. The default value is true.
-AlertsEmail - Alert as an email. The default is false.
-AlertsMobile - Notify the mobile device when an alert is received. Default is false.
Indicator signals
The Heiken Ashi MA T3 indicator is very easy to use due to its visualization. To open a certain trade, it is enough to know the direction of the current trend, which is determined using the direction and color of the current candles. While the trade itself is opened taking into account the color and location of the point on the chart. If the current market trend is upward, buy trades are opened, if the trend is downward, sell trades. When the trend direction changes, in both cases, trades are closed.
Signal for Buy trades:
- At least three candles have a color with a growth value and are directed upwards. An arrow with a growth value is formed under one of them.
Upon receipt of a combination of such conditions on a signal candle, a buy trade can be opened, confirmed by the indicator signal. At this moment, an uptrend is determined in the market. At the moment the current trend changes, namely, when the color and direction of the current candles change, the trade should be closed and a new one should be considered.
Signal for Sell trades:
- The line of the candlesticks of the indicator is directed downwards and has a color with a fall value. An arrow with a fall value is formed above the line.
A sell trade, due to the presence of a downtrend, can be opened immediately upon receipt of a sell signal, which is formed upon receipt of the conditions of a downtrend. The current trade should be closed and a new one should be considered when the current trend changes, namely when the opposite conditions are received from the indicator values.
Conclusion
The Heiken Ashi MA T3 indicator is a very powerful trading system, the calculations of which are based on the use of time-tested effective forex indicators. Although the indicator is very easy to use, it is recommended to practice on a demo account before trading on a real deposit.
