Heiken Ashi Candles 🔥
Heiken Ashi candles are a game-changer for charting. They stand out with their vivid visuals and clear signals about potential trend changes. Unlike standard Japanese candles, they provide a cleaner view by filtering out market noise. With Heiken Ashi, you can catch almost every price move from the moment a trend starts.
When to Enter a Trade 🚀
Jump into a trade when you see three consecutive candles of the same color. Set your stop-loss just below the previous candle. There are no fixed targets, so lock in your profits as the price moves.
When to Exit a Trade ✂️
Exit when your stop-loss is hit and you’re in profit, or manually close the position when the next candle is a different color.
Best Combo: Heiken Ashi + Pyramid Strategy 📊🪜
Heiken Ashi candles are perfect for "pyramiding" — scaling up your profitable positions. Safely increase your position size while keeping risk fixed or at zero after each subsequent candle.
Combining Heiken Ashi with the pyramid strategy is one of the most lucrative ways to trade trends. It can help you earn a solid profit in a relatively short time.
How to Use Candles 🌟
Heiken Ashi candles are great for spot trades, but you can also use them for futures trades on mid-timeframes. The rule is simple: the higher the timeframe, the more reliable the signal.
How to Apply Candles to Your Chart? 🛠️
In TradingView, go to the "Chart" tab, select "Chart Type," and choose "Heiken Ashi." Voilà!