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Worden Discussion Forum » Members » kayfam

Profile: kayfam
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User Name: kayfam
Groups: Gold User, Member, TeleChart
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Joined: Tuesday, March 8, 2005
Last Visit: Thursday, October 27, 2011 9:58:51 AM
Number of Posts: 2
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Last 10 Posts
Topic: create a custom indicator based on heiken ashi numbers
Posted: Wednesday, October 26, 2011 3:14:41 PM
Bruce, i'm not making sense of any of this. example:  i'm looking at the mutual fund symbol RYKAX, weekly heiken ashi candles. for Tues 10/25 TC2000 gives me an HA open of 33.55 and a close of HA 35.40. Therefore that difference (also called HA Delta) would be 1.85. First i tried the simple indicator c-o. that works fine on a regular chart. but when i apply it to the HA chart it gives me -1.15. Then i tried your indicator which doesn't make sense to me and it gives me .69. What's going on?
Topic: create a custom indicator based on heiken ashi numbers
Posted: Wednesday, October 26, 2011 2:34:43 PM
i am using the heiken ashi plot syle. now i would like to build an indicator that i could plot underneath the heiken ashi. the indicator would be (heiken ashi close minus heiken ashi open) and the 3 period simple moving average of that difference (SMA 3). can you help me figure out how to do this? thank you.