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Using Heikin Ashi and MS-Signal Indicators

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(1h chart)
снимок
The biggest disadvantage of trading using moving averages is that it is not easy to identify support and resistance points.

To compensate for this to some extent, we looked at how to add and utilize Bollinger bands and StochRSI indicators.


The 150 moving average is an important moving average in utilizing the moving average.

This 150 Moving Average can be applied and utilized on any time frame chart.


The next possible moving average combinations are 5 and 26, 26 and 50.

Time frame charts suitable for utilizing the 26 and 50 moving averages can be utilized on charts under the 15m chart.

The reason is that it is a time frame chart with too fast volatility.

For other time frame charts, i.e. 15m charts and above, you can use a combination of 5 and 26 moving averages.


I have written down the names of the indicators displayed on this chart.

5 The indicator corresponding to the moving average corresponds to the Heikin Ashi indicator.

26 The indicator corresponding to the moving average corresponds to the MS-Signal indicator.


Therefore, when the 5 moving average crosses upward from the 26 moving average, that is, when a regular arrangement is made, it is time to buy.

As such, when the Heikin Ashi indicator breaks above the MS-Signal indicator, it is time to buy.


The good thing about using the MS-Signal indicator and the Heikin Ashi indicator is that you can see the breadth along the trend.

The thicker the width, the stronger the role of support and resistance.

Thus, it provides more confidence in direction than a single line, such as the 5EMA indicator on a 1D chart.


And, you can also tell if a trend reversal is taking place or not.

This change is indicated by the color change of the MS-Signal indicator and the width of the Heikin Ashi indicator.

The transition of the MS-Signal indicator from downtrend to uptrend is indicated by the transition from red to blue.

Conversely, a transition from an uptrend to a downtrend is indicated by the transition from blue to red.


The Heikin Ashi indicator transitions from blue to orange for a downtrend to uptrend and orange to blue for an uptrend to bearish transition.

This change in appearance can be useful when conducting transactions.


The M-Signal indicator on the 1D, 1W, and 1M charts and the 5EMA indicator on the 1D chart are very useful when conducting day trading.

Therefore, it is recommended to activate it and check the movement during day trading.

The M-Signal indicator on the 1D chart works similarly to the 26 Moving Average.

Therefore, the short-term trend of the 1D chart can be intuitively identified by the 5EMA indicator on the 1D chart and the M-Signal indicator on the 1D chart.


Therefore, it can be very useful if you trade using tradingview brokers.



(1D chart)
снимок
Also, if you mark the M-Signal indicators of the 1W and 1M charts on the chart, you can intuitively know the mid- to long-term trend, so you can complete the chart analysis faster.

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With this, we learned how to trade using moving averages and indicators that are more valuable than this.

Chart analysis is only one part of the process to trade after all.

No matter how good your chart analysis is, if you don't come up with a good trading strategy, you will end up with losses or small profits.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDBTCUSDThekinashiTechnical Indicatorsmovingavaragems-signalStochastic RSI (STOCH RSI)Trend Analysis

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