Hello everyone,

Today I need your help.

Does any member know of an indicator that measures the strength of a trend based exclusively on Heiken Ashis candles?

I know a trader who uses the WealthCharts platform and has an indicator he calls “scoring flames” which displays from 1 to 5 flames on his chart to indicate the strength of the trend. And his scoring is based on Heiken Ashis.

So, I'd like to find something equivalent for MT4, or failing that for MT5, Ninjatrader or cTrader.

Thanks in advance,
Yarvua

Yarvua wrote: Sun Jan 19, 2025 8:48 pm Hello everyone,

Today I need your help.

Does any member know of an indicator that measures the strength of a trend based exclusively on Heiken Ashis candles?

I know a trader who uses the WealthCharts platform and has an indicator he calls “scoring flames” which displays from 1 to 5 flames on his chart to indicate the strength of the trend. And his scoring is based on Heiken Ashis.

So, I'd like to find something equivalent for MT4, or failing that for MT5, Ninjatrader or cTrader.

Thanks in advance,
Yarvua

Kvak might be able to make one for you but I personally haven't seen one. Would the indicator be displayed in the subwindow? Like an oscillator? Or on the main chart.. Any photos or links to what you're describing? I'm interested in it

boytoy wrote: Sun Jan 19, 2025 11:13 pm Kvak might be able to make one for you but I personally haven't seen one. Would the indicator be displayed in the subwindow? Like an oscillator? Or on the main chart.. Any photos or links to what you're describing? I'm interested in it

Hi,

Thanks for your message.

Watch this one-minute video and you'll understand the system I'd like to set up on MT4.
https://www.seasonalswingsetups.com/sea ... ry-6-2024/

The red line at the bottom of the screen is a “HADelta smooth”. And I've found several for MT4 on this fabulous forum.

Its flames are calculated in real time on the last heiken Ashi candles. But, of course, it doesn't reveal the parameters of its indicators.

His indicator assigns a score to each of the last Heiken Ashi candles, and it's on the basis of this overall score that the indicator displays from 1 to 5 flames. This trader enters trades only when there are 2 or 3 flames minimum.

However, I don't know what the score for each HA is calculated on.
Volume? ratio? points?

I know that with so little information, I have little chance of finding a clone of his indicator for MT4. But, if I could find an indicator that was 100% based on heiken ashi and that would give me a reliable trend strength, that would be the holy grail for me.

But, I'm not a developer so I figure if one of the coding kings around here reads my post, it might give him an idea for development.