Please use other indicators to find good entry and good exit. This is why this publication has so many indicators. A good indicator will find good results even on line chart. Feel free to try on "Heiken Ashi" but understand that "line" chart is much more realistic Due to tradingview's crappy auto resize, the best way to view this script is to click on the share button and "Make it Mine".
Then you can see why my other indicators are "PRESENT"
Cheers!!!
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This strategy calculates the last high or the last low of a lookback period. If the previous high or low is breached, a signal to enter market is given. This new version adds safety check formula to try to catch potential fake-outs.
Remember that Heiken Ashi do not provide true backtest results because bars are "averaged".
However, this strategy works well with regular candles and line charts if you find the right settings and chart time frame
Enjoy
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Apologies - Changed version number from 1 to 4
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Updated to show back test on line chart on 8H BTCUSD Unreal!!
@CryptoShqip92, It's impossible to write a HHLL buy/sell indicator that doesn't repaint, because HHLL changes from bar to bar. Imagine, if it didn't repaint and it painted a HH sell signal, and then it kept on moving up 100 pips before the final HH
Make settings to: close, 41, 10, 1