Heikin Ashi Consecutive (C#)

Strategy based on consecutive Heikin Ashi candles Heikin Ashi Consecutive waits for several same-color Heikin Ashi candles to confirm momentum. After a run of bullish or bearish bars the strategy joins the move and exits on the first opposite candle or an ATR stop. Because Heikin Ashi charts smooth price data, a series of like-colored candles highlights a strong directional move. The trailing ATR stop attempts to lock in gains if the sequence abruptly reverses.

• Entry Criteria: Signals based on Heikin.

• Long/Short: Both directions.

• Exit Criteria: Opposite signal or stop.

• Stops: Yes.

• Default Values:

• ConsecutiveCandles = 3

• StopLossPercent = 2m

• CandleType = TimeSpan.FromMinutes(5) [*]Filters:

• Category: Trend

• Direction: Both

• Indicators: Heikin

• Stops: Yes

• Complexity: Basic

• Timeframe: Intraday (5m)

• Seasonality: No

• Neural Networks: No

• Divergence: No

• Risk Level: Medium