Re: Supertrend indicators for MT4

408
ermete wrote: Wed Oct 11, 2023 9:03 pm hello
does someone have this indicator based on heiken ashi close instead of normal close? I found it has much less false signals
If you are meaning Supertrend this one has full range of price options including HA.

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Forexlearner, ermete

Re: Supertrend indicators for MT4

410
Ogee wrote: Wed Oct 11, 2023 10:14 pm If you are meaning Supertrend this one has full range of price options including HA.


!SuperTrend - averages new format (mtf + arrows + alerts + candles + 2 bands).ex4
thanks for the indicator.

I attach 2 photos of Dax index with supertrend, taken now on 1 h timeframe, one with heiken ashi close, one with normal close.
As you can see the heiken ahi close has much less "noise", or false signals.

the idea (to reduce even more false signals) is to close 2/3 of position (like 2 contracts) when heiken ashi changes color, and leave the other 1/3 open until the next supertrend signal.

I tried with your indicator but without success.
kind regards
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