Heiken Ashi Algo v6 + Money Flow Index

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Heiken Ashi Algo v6 + Money Flow Index

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CoffeeShopCrypto Discussion started by CoffeeShopCrypto 1 year ago

This is a straight forward visual MONSTER combination right here.

Since the #MFI is a technical tool offered by Tradingview with open source code i can not include it in the calculations of the Algo, especially since i like to customize my stuff. But there are tools you can combine with the #Algo to get some really good results. We've already seen a couple on the site so far.

Here is another one.

Take the Money Flow Index from Tradingview and overlay it with the Heiken Ashi Algo v6.

If you aren't sure how to MERGE indicators, i can give you a tutorial on how to do that.

But take a look at the image below and find out why its a good idea to put them together.

Here is a video to give you a breakdown on how to use this.

https://youtu.be/hhnppoMpUns

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technicalFalco6735 Dear Erik, I have another request to update the MA of the indicator. Recently I found in TV - Zero-lag TEMA Crosses [Loxx] - is it possible to be... Show more 1 year ago

CoffeeShopCrypto technicalFalco6735 are you asking me to put the TEMA into the Algo as a moving average? If so, no
I dont use other peoples code in my indicators. THis... Show more 1 year ago

@[[642:contact:technicalFalco6735]] are you asking me to put the TEMA into the Algo as a moving average? If so, no I dont use other peoples code in my indicators. THis is what gets indicators taken down off tradingview. ALso this would not longer be a custom indicator if i did that. ALSO. the TEMA works on price action, not on an oscillator. Price action has an infinite high and low price movement. An oscillator is a bound instrument that has limits so that wont work. Also, the article suggests this is a "zero lag" indicator. That is absolutely impossible. There is no such thing as a zero lag. Infact ALL indicators lag. Every single one of them. Even the RSI at a 14 period is lagging by at minimum 7 - 14 candles. But the botton line is this I cant use someone elses code in my scripts. The TEMA should never be used except on price. Now as a personal note, the TEAM is a good indicator if you like using it. Its a preference. For other people the EMA and the SMA are good. its their preferrance. Just because it moves faster, doenst mean it tells you BETTER information.

pharaoh.master86 I'm not sure how to combine TradingView's "Money Flow Index" indicator like in above image? Can someone help with that or point me to some online... Show more 1 year ago

CoffeeShopCrypto pharaoh.master86 You cant use the one from Tradingview. thats why in the information i told everyone to use the one i re-created from this website. Its in... Show more 1 year ago

pharaoh.master86 Thank you CoffeeShopCrypto . I didn't saw post for Altered MFI (www.coffeeshopcrypto.net/index.php/altered-money-f…). Pasted link for reference for... Show more

https://www.coffeeshopcrypto.net/index.php/altered-money-flow-index

Heiken Ashi Algo Money Flow Index Strategy - Blog

Heiken Ashi Algo Money Flow Index Strategy for scalping

www.coffeeshopcrypto.net/index.php/altered-money-flow-index

1 year ago

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Heiken Ashi Algo v6 + Money Flow Index

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Heiken Ashi Algo Money Flow Index Strategy - Blog