Free MT4 Indicators
Post on: 19 Апрель, 2015 No Comment
*These statistics taken from a sample of 10,000 bars over a period of 2-57 months. Probability goes down on shorter timeframes across the same number of bars due to the choppier, tendency for sideways action that takes place during lower volume sessions such as AustraliAsia having a negative effect on the overall candle color/ direction continuation. Probability percentage is higher when the previous number of same color continuous candles is low. Probability percentage decreases as the previous number of same color/ direction continuous candles increases.
HAS is the Sole or Primary Chart Indication of Many Traders
Heiken Ashi Smoothed is suitable for all markets including Forex, CFD, Commodity, Futures, Equity, Equity Index, Bonds, and BitCoins
In recent years, Traders Gamblers of the Forex Binary Options Market have reported that ClearChart 2 is a must-have tool when used together with 5NITRO+.
The HAS usefulness when attached to such volatile pairs as GBPJPY, CADJPY, USDMXN has been celebrated from its inception.
It is a reliable indication for Intraday swing trading of the M15, M12, M10, M6, M5, M4, M3, M2, and even M1 time frames.
CC2 has proven equally useful in riding the continuous + mega trends when presenting themselves on larger time frames, namely H4 and D1.
Certain FX Consortiums have indicated that Heiken Ashi Smoothed is an especially good indicator and trading tool for newer traders.
Yet even more FX Consortiums have devised that Heiken Ashi Indicators (with some type of smoothing mechanism) will help those who are often negatively affected by their swings of emotions.
HAS helps eliminates market noise and forms solid trade setups with a solid underlying base. Market noise is the #1 enemy of standard Candlestick users on smaller time frames due to false pattern formation.
The New ClearChart 2 version of the Heiken Ashi Smoothed Indicator is fully adjustable to include the amount and type of smoothing desired.
Period settings reduced to zero and modification of method will revert ClearChart 2 to the non-smoothed, standard Heiken Ashi.
ClearChart 2 recommended to be used with Bar Charts or Line Charts. Creative setups with typical Candlesticks can also provide some advantages when your chart Zoom is towards the higher side.
While sufficient as a stand alone indication for guidance, ClearChart 2 is maximized when implemented together with a wide-spectrum aggregation tool such as
Download Free Forex Indicator for The New Metatrader 4 Builds 600+:
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2ND VERSION UPDATE:
New ClearChart 2 was created and compiled on Build 600+. It has been sent to all NITRO+ Customers in their New 4NITRO+ and then 5NITRO+ Upgrades. New ClearChart 2 was sent to all ClearChart Customers as long as Join Mailing List For This Product was selected at time of download. If it was not, no worries. The New CC2 was uploaded here and you can download it again, directly above on a new unique download page.
How The ClearChart 2 Default Settings Were Derived
Although settings were adjusted minatory when Beta Testing 5NITRO+ such as switching to Linear Weighted Moving Average Method instead of Smoothed occasionally, I have been using some form of this tool for years. I have been adjusting it for years. The Default Settings are fine.
There is no such thing as a perfect setting for any tool or indicator, except maybe (14) for RSI or (10) for RVI.
Endlessly tinkering with indicator settings in search of that secret one that Hedge Funds use is not the best use of brain power and time. A trend is either moving UP or it is moving DOWN. Adjusting the settings of MACD, for example, from the standard (12,26,9) will do nothing to change this.
Although, similar to buying and trying every Forex Robot that has been peddled with the fantasy belief that This will be the one!, sometimes we just all need to disprove certain theories on our own before we can finally move forward and simply Buy a Pair that is moving UP and Sell a Pair that is moving DOWN.
There is No Magic ClearChart 2 Setting
The Magic is in the tool itself and its ability to detect subtle changes in price action that are not within the norm of the current trend that it is in.
Some users, and occasionally I, prefer to use the Linear Weighted Moving Average Method instead of SMMA on 1H charts and higher. On 1H charts and higher, the price action and thus the chart itself is already inherently filtering out market noise and meaningless, subtle movements by itself.
On charts such as the 1M and 5M, some Corporate Trader for Toyota can create what appears to be a significant technical move in USDJPY with the push of a button.
What could appear to a traditional Heiken Ashi or ClearChart 2 HA using Linear Weighted Moving Average (LWMA) to be price action not within the norm of the current trend, was simply because he just got back from lunch and there was a Post-It Note on his desk that said he needed to convert more Dollars to Yen before he could leave for his Golf Outing.
These subtle random movements that can occur within the Forex Market when your view is very short is why, overall, we always recommend longer time horizon trading no matter which tools you are using. The more that randomness, or luck, can affect you success the more of a gamble it is. This is why when ClearChart 2 and 5NITRO+ is used for Forex Binary Options Trading, we recommend only the longer expire time frames where randomness is less(er) present.
In my normal everyday trading on 1H charts and higher, I will often switch to a Template with the Linear Weighted adjustment already made within ClearChart 2 when price is approaching the 200SMMA Moving Average line that is used for additional guidance.
Subtle Price Action within the vicinity of this 200SMMA is more important to me than at any other time.
I personally desire to be notified quicker about trend shifts in this area, even if they are false. The overall prevailing trend is less important to me at this time because I am already aware and on alert that there may be a massive change in sentiment soon to come due to the proximity of the 200SMMA.
Additional Use For ClearChart 2 Heiken Ashi Smoothed (HAS)
The screen shot above shows an extra ClearChart 2 instance that can act as your main Moving Average.
Or, it can be added on top of your already existing Moving Average. The picture shows an extra ClearChart 2 using a 200 period and Smoothed selected as the method.
The Moving Average Methods are as follows:
To increase the width of ClearChart 2 as shown in the picture, change the widths of both candles to either 4 or 5. The picture, I think, shows a width of 4. A candle width setting of 5 produces a completely solid area with no horizontal see-through space in between.
To ensure that your standard width ClearChart 2 displays on top of your new wider version allowing you to see action, you will need to delete it from the chart and re-install after the wide. Metatrader stacks indicators in the order in which they are installed.
Remember to save your new setup and settings as a new template.
This Wider Moving Average Can Now Serve Multiple Purposes
This wider area can serve to widen our Decision Area around this critical range and provide an early warning that price is near.
It can serve as a boundary to keep all entries within or signal a beginning level to re-enter or re-establish positions on retracements that were previously cleared Take Profits.
In addition, this wider Moving Average now has the added benefit of changing colors to signify increasing or decreasing.
Objects Are Not As Close As They Appear
It can also help to give you chart perspective because of the varied height of the candles it produces, as opposed to a traditional single width static thin line.
When using a Moving Average such as 200SMMA for added guidance like I do as shown in the EURJPY screen shot above and all the September 23, 2012 Open Position screen shots on the 5NITRO+ Open Positions Trading Page 2. the static width of a standard MA can be misleading as to how far or near price is in relation to it. This can occur when there are extreme high and low prices within the time period the chart is showing, for example CHF pairs over the past 6-9 months on a Daily Chart. (this was written Feb, 2012)
The modified ClearChart 2 helps to provide a better prospective in these situations and give you a more precise idea of just how close you are to your decision MA because volatility is essentially taken into account. For example, on many of the current Daily CHF pair charts, the modified ClearChart 2 candles are short indicating Objects are not as close as they appear.
I personally go through phases, seemingly on a monthly basis, as to whether I use the additional wide ClearChart 2 or not.
Sometimes I prefer the extra freedom it allows me in the additional Decision Area. Other times, I prefer and need to be more precise and disciplined with my entries. I guess it really depends on the pair, and how much time price spends hanging around in this area and what The 5NITRO+ reading is at the time.
More Heiken Ashi Smoothed (HAS) Indicator Resources:
While we are able to provide free support when downloading ClearChart 2 HAS within the 5NITRO+ Download Package, it is not possible without the 5N+ purchase. There are 150+ free downloads of ClearChart 2 each month.
Visit The Following Links for More HAS Information:
