Forex Wiki Trading > FX Ind > Heiken Ashi ZoneTrade

Heiken Ashi ZoneTrade

  • June 30, 2013
  • Posted by: Forex Wiki Team
  • Category: FX Ind
No Comments 1590 1463

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1 Description:
2 Image:
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Name:
Heiken Ashi ZoneTrade
Author: zenoni (2009.09.25 08:53)
Rating: 9
Downloaded: 13479
Download:
Heiken Ashi ZoneTrade 1
 HeikenAshiZoneTrade.mq4 (8.2 Kb) View
Author:

I'm not the autor of this script. The original ZoneTrade script http://codebase.mql4.com/4797 is developed by the Duke3D. The Heiken Ashi version of the ZoneTrade script is developed by the brother3th. Thanks to the autors of their work.

Description:

This script is based on this trading approach that integrates Acceleration/Deceleration Technical Indicator (AC) and Awesome Oscillator (AO) into the Heiken Ashi candlestick chart. In this way it is a lot easier to trade in the zone - the 4th dimension described by the Bill Williams in his book: New Trading Dimensions: How to Profit from Chaos in Stocks, Bonds, and Commodities (A Marketplace Book)Heiken Ashi ZoneTrade 2

Accoding to the developer of the ZoneTrade indicator it is working in this way:
If the current bars of AC and AO are green, it shows that the zone is green.
If the current bars of АС and АО red, it shows that the zone is red.
If the bars of AC and AO are differently directed then the bar is colored grey (grey zone).

Image:

Heiken Ashi ZoneTrade 3

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Author: Forex Wiki Team
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