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Heiken Ashi Algo and the Mass Effect Moving Average: Almost HereWell ladies and gentlemen I think I have created a monster and I'm really happy to call it the heiken Ashi algo and the Mass Effect moving average combination. Don't worry I have not been leaving you hanging. It's just been very busy and I want to make sure that this thing works beautifully for you. So what is the heiken Ashi algo oscillator? it is an oscillator much like the original heikin-ashi RSI with a ton more features. As you know a little while ago I came out with the CoffeeShop Crypto HARSI, Update to the original HARSI. And as development on that oscillator continued I had to change the name to the algo because now the oscillator actually speaks to you while trading is taking place. But as you know you should never use a single indicator by itself to enter and exit trades and understand what's happening on your chart. you should always use something as a secondary Confluence or even a tertiary confluence. Because the more confluences you have the better right? So with that I continued development on the Mass Effect moving average and you can use them beautifully in combination. In this video I don't want to get into the technical Aspect of all the details on how the oscillator and the moving average work but I do want to show you the parts that have been developed and what they mean. feel free to leave your suggestions below and I will make adjustments if needed. I'm probably going to need one more week before fully releasing both of these together and until then I'd love to communicate with you on anything to make it more fluid. With that let's take a look at my chart and see the breakdown. The Heiken Ashi Algo Double Stochastic - Uses a mean regression calculation for pullback notifications but it also adds support to knowing when a trend is in full swing. This happens when you see both stochastic ribbons touch each other while they are the same color Green touching green is a move to the upside. It matters most When it's above or below the 50 level. the other thing you can see here is when they touch and when they touch again as the same color is a clear sign of a Divergence. IBXL - Inside Bar Calculation. This will be moved to the Mass Effect MA as well Resistance / Support / are dynamic levels which change over time Bull Key level - Are Significant price or Price action levels which almost never change over longer periods of time. when I get a key level alert I Market on my chart with a thick line and I lock it in place. These are the major areas of supply and demand Zone on your chart and you want to watch them closely when price gets near these levels Pull Back - Helps you draw out targets to your trend lines. Now let's talk real quick about the mass effect moving average and what it will include. this uses a mean regression strategy so that you can swing trade- And get your confluences of when prices going to move up or down so doesn't matter if you are in an uptrend or a downtrend . Stop lost Trend color - Is this really a stop loss line which will follow your price action and depending on its color will tell you if you should be using a stop loss of a guy or a stop loss of a sell. Obviously if it's red you should be selling and if it's green you should be buying. do not use it incorrectly. Just because it changes to Green doesn't mean you by and just because it changes to Red doesn't mean you cell. It only means you are in an area where you should be buying or selling. The EMA's - it includes four different exponential moving averages which you can set appropriately to your style. The VWAP - Included in this is a VWAP Moving average. Even though the VWAP is used as a moving average against the RSI in the oscillator below, I included the VWAP in the Mass Effect moving average because once you switch to a daily chart The VWAP in the oscillator disappears but you can still have it on your chart in the Mass Effect moving average. So switching to a daily chart you will still be able to see your VWAP. The V-CROSS - This indication shows up so that you can see when the V WAP is crossing over your price level. This helps you know from point to point if you are above or below a support or resistance level and where is your price in relation to your VWAP. This will also help you notice when price is overbought or oversold. Fractals - Show you pivot points in market structure. I use them to find exit points for trades when there is no immediate swing low or high to be seen. Usually i look further left and use one of these points to exit. But they have even more application which I'll get into in another video. The Trend Ribbon - Is a bullish and or bearish colored ribbon to show you the trend that works in Confluence with your stop loss line which also changes from red to Green. when they are both the same color you are in a trend in that direction of up or down. The good thing about the trend ribbon is it's always seeking the same level as the VWAP and when it finally catches up to it that's when the trend usually goes flat and then reverses.
Education
by CoffeeshopCrypto
29
Heiken Ashi Algo Volume Scalping StrategyHeiken Ashi Algo Volume Scalping Strategy Welcome everybody this is your Barista Eric should I be calling it a baristo cuz Barista sounds kind of effeminate and you can tell by my voice I am not a woman. So we got something interesting. Today I'm going to be sharing with you a volume scalping strategy that you can use with the heiken Ashi Algo. This is a wonderful strategy because the algo has a lot of features that plot onto its oscillator and you can actually turn most of them off you only need basically three things showing up. To do this all you need are: Heiken Ashi Candles The RSI Moving Average and RSI (relative strength index line) So let's go into the settings. I'll show you what to do and you'll be able to get started in this in just a few minutes. Open tradingview and go to the indicators and I'm going to type in Heiken Ashi Algo. There you will see it under the Community scripts by @coffeeshopcrypto the "Heiken Ashi algo Oscillator" Here is a link to it (Click there) Add it to your chart and let's go to the settings. In the style tab of the settings You can turn off both of the stochastics. Also you'll notice a couple of grade out boxes to things that are not selected. The RSI upper band and the RSI lower band. These print the 70 and the 30 level on your oscillator so turn them both on. If the other bands distract you you can turn them off. These would be the 40 and 60 levels. The last thing you want to do here is change your RSI to yellow and your RSI moving average to red. Now let's go to the inputs tab and change your RSI to 18 and RSI Moving average to 36. If you're trading on a higher time frame than one hour you should probably change them to 21 and 50 as a maximum.. If you're trading on a 15 minute or lower time frame you should set them to about 12 and 14 or or lower. Also change your RSI moving average type to a volume weighted moving average. *******************Special Note****************** I want to address a couple of questions I got since the release of the Algo and one of the questions that I tried to cover in the previous couple of videos was when someone is going to ask me "what are the best settings at certain time frames?" You have to understand there are no best settings because if you're trading in crypto against the US dollar or crypto against For example another crypto then things move differently. your settings for the US dollar can be set one way but if you're trading crypto against crypto pairs you need different settings. also the settings are really tied to the market that you are in. if you are trading on the S&P or indices or Futures your settings are different for all of those things they are not the same for either one of them and once you get into crypto the markets are so volatile that you need to watch things closely/ so I cannot tell you what are the best settings because the best settings do not exist. Choose the settings that work well for you and if they are not working well it's because the market is changing just a little bit and you need to start developing additional strategies. You can not just have one strategy that you use all the time because that will not work all the time. Markets change. They have four different versions and you need to have several strategies that will be able to address each one of those types of Market. One of the reasons that I've created this particular indicator is because it allows you to develop several different types of strategies and this particular video is one of those strategies that you can practice and you can use from time to time when you are seeing extremely changing volumes in the market that you're in. This way you have another piece of ammunition in your pocket that you can use when your current strategy or whatever you used to using isn't working as well as it should be.
Education
by CoffeeshopCrypto
15
Trading like the banks do. Picking off liquidity.So I just got back from a quick appointment that I had to make outside the office and I came back to find very nice surprise. Several of you have already found the heikin-ashi algo isolator release and have already started boosting it. Thank you to all who currently have done that. Along with my return to my home office I found a few messages on my screen asking about something they saw in the last video. For example one of the messages on the screen in my videos said "Trade money like Banks do, picking off liquidity, picking up several positions in a downtrend." And one of the messages was asking "Why would I sell if I already sold and I'm currently in a down trend?" So basically they were asking how do you sell twice. I guess the same question would apply if they saw a buy alert show up in an uptrend and another buy alert show up immediately after that in an uptrend. What's Happening Here is that you are actually in either a very large or small range or you were in a pause of the up or down trend. When it comes to Banks and institutions and algorithmic trading machines what they do is they make several purchases of stock at different levels and they do it over a set period of time. They enter multiple positions in the same direction only to sell off all their positions when they get to the price that they want to get to. So just because you entered a short trade doesn't mean you can't buy up more positions on the way down and just because you enter the wrong trade doesn't mean you can't buy more positions on the way up. As long as you close off all the positions lower than all of the positions you picked up In a downtrend and clothes off all of the positions higher than all of the positions that you picked up in an uptrend. I hope you understand that. Go ahead and ask below if you need any clarification. The bottom line is if you're going short you don't have to go short just once, you can go short multiple times as long as the trend keeps going down. And just the opposite for long trades. So thanks again to everybody who is scooping up this oscillator. I hope you're enjoying it.
by CoffeeshopCrypto
16
What is the Heiken Ashi Algo OscillatorWhat is the "Heiken Ashi Algo Oscillator" Well here is a link to it It is an indicator that measures volume and momentum. It plots and RSI as Heiken Ashi candles. It includes seven different types of moving averages against the relative strength index. Each one of these moving averages calculates faster than the previous, starting from the SMA to the LSMA. It includes a hidden vwap as a moving average to confirm Trend Direction. It uses a "Double Stochastic Strategy" designed by @CoffeeshopCrypto The first Stochastic being called the "slow stochastic" and the second stochastic using a hull moving average calculation and it's K% and a separate multiplication in its D%. ------------------------------------------------------------------ Welcome to the coffee shop everyone. This is your host and Barista Eric as always serving up something piping hot and frothy unless you just like a chai tea which tastes like a hot Garden in a cup. Chai is definitely not my cup of tea but I do like drinking tea over coffee . So if you feel like sending me something then let it be either coins on tradingview or it could be a few tea bags of your favorite. Okay so I'm keeping the intro very short today and I know my videos tend to be pretty long and I max out at the 20 minute marker but I do like to keep you people informed and today is the information you've been waiting for. today is the release of the Heiken Ashi Algo oscillator. There is definitely not enough time in this video To break down all the different ways you can use it for trading because it is available to so many different styles and strategies so in today's video I'll show you what all the parts do what all the parts mean you can take it and added to your chart and start running with it. In the meantime day-to-day you will see new strategies posted in my profile. Each one depicting a different trading strategy and trading style that can you can use against the Heiken Ashi Algo Oscillator. I figured it would be easier this way anyway to break up the trading Styles across different videos so that there is no confusion and you won't have to worry about watching two different styles in the same video at least . So without further Ado let's grab our coffee and tea and raise our glasses in a universal, community style toast and get onto the oscillator and all of it's moving parts. This is where you need to play the video and listen, because it would be TOO MUCH to type and too much to read. So let's go. ----------------------------------------- For my trading style, the HA candles have been Recalculate it again because I come to find out that the AHA candles are based on a 2. Calculation which means if my candles are set to 9. IRS I should be twice of that and my RS I'm moving average should be two times at so my candles are 9 my RS I is 18 which is 9 * 2 and my are as I'm moving average is 36 which is 18 * 2. I just wanted to point this out before anyone starts asking me what are the best settings. these are not necessarily the best they are simply the ones that work for me. HA Candle: These are the colors, Wicks, and borders, as they are plotted against yourRSI. they are simply a representation of the RSI signal but you can have your RSI set at one length while your candles are set at another length. RSI: No description needed here this is simply the relative strength index long exit - This is a signal to tell you the uptrend is going to pause or stop. short exit - this is a signal to tell you that the downtrend is going to pause or stop Resistance levels - This is a signal to tell you where you can set the beginning of a trend line and the level of resistance on your chart. support levels - is this a signal to tell you where you can set the beginning or end of a trendline and set a support level on your chart RSI Moving average - this is the signal line of your moving average against your RSI and you can choose up to 7 different calculations. Buy and sel Signals - These signals are triggered based off of certain criteria happening in the oscillator related to volume and Trend Direction. **WARNING** You should take BUYS when you are in an uptrend and SELLS in a downtrend. (IE 200ma below the 50 ma for uptrend and 200 above 50 for downtrend) Slow stochastic RSI ribbon - this prints a visual representation of the regular stock a stick on your oscillator. Fast Stochastic RSI ribbon - This is the second part of the double Stochastic strategy which prints a fasterStochastic on your chart which uses part of a hull Moving Average calculation. Finally ALERTS have been included. To use the alerts go to your alerts Tab and click create alert. Under "Condition" select Heiken Ashi Algo In the drop-down below it you can select: buy signal to enter long Sell signal to enter short Soft Long or Short exit, if you want to get out of your Long or Short trade when the trend begins to change Hard Long or Short exit, Is when you definitely should get out of your long or short trade. there is also an alert set up if you want to be notified about new resistance levels or new support levels. Just select the one you want and adjust the message that will arrive to you via email, phone, or on screen. So........ did we do a good job? Let's talk in the comments below.
Education
by CoffeeshopCrypto
12
How to trade using the CSC-HARSI "The Real Way"Welcome to The coffee shop. this is your host and Barista Eric. This podcast is designed to teach you the technical analysis that you should know so you can stay out of false trades in your Crypto endeavors. It's a platform where I get to release my edits of popular indicators. I'll show you how to use them, and of course from time to time I will call out really bad strategies because I don't want you guys to have bad information. Feel free to share this content where you choose and of course do Not fall for scams. I will not approach you online asking you for crypto assets Lending or any type of financial support. But bear in mind that doesn't mean I don't like talking with you guys because from time to time you will find a message from me saying hey how you do when they want to get close to you. So it's been a while since the CSC-HARSI has been released and I think it's time I do a quick video on an entry and exit for a buy and sell on this indicator. It has been requested by dozens of you weekly and I have seen all of the videos online on the improper way to use the old version of this indicator. Since the new one is out and it works basically on beast mode I want you guys to be using this to its fullest potential. today's video is based on using the VWAP as the moving average against the RSI. So let's just jump right in and get started. go ahead and open your chart and tradingview Search fo rCSC-HARSI, or "Coffeeshopcrypto" Add the indicator to your chart and keep the default settings open the settings wheel and go to the inputs tab scroll down to RSI moving average settings and change the ma type to vwap. Okay that's it you're ready to go and now let's talk about the rules for a long and short trade. As you do with any chart and any day that you're going to start your trading the first thing you do is you set up your support and resistance level. Personally I do this on a 4-Hour chart. I recommend setting your support and resistance levels initially when you open your chart on a time frame 1 to 2 * above the one you're using. for example I do my trading on a 1 hour chart so my support and resistance levels are usually set on a 4-Hour chart Lucky for you the indicator tells you where those things are however you may want to set up your extreme levels as well. You can do that by looking at extreme points of swinging price on your chart and just put a level they're at the top and another at the bottom. STOCHASTIC IMPORTANCE: Before we get started let me discuss something very briefly with you about the level of the Stochastic in the indicator. The scale on the right side of the indicator is mainly designed for the stochastic to tell you how hard things are pressing on the gas. In other words if the stochastic is anywhere from zero to 50 There is almost no movement on price. However, once the stochastic is doing anything above the 50 all the way to the 100, the closer it is to 100 the more Force there is in the market. you have to remember that the Stochastic RSI was designed to be a faster RSI. So if the stochastic is green "Bullish" and moving upwards over 70 there is A LOT of force to the upside.. If it is RED "Bearish" and it's under 50 there is a lot of force to the downside. The closer it is to ZERO the more force there is. The strategy that I used to enter and exit using this indicator falls under these particular rules: SHORTS: 1. The stochastic must be in a downtrend. 2. the RSI must be below its moving average. 3. The RSI must be below 50 4. Heikin Ashi candles must be red. 5. The Heikin Ashi candle must open above the moving average and close below the moving average. 6. The most optimal move is when the candle opens above the 60 and closes below the 60 while crossing the moving average. An alternative to rule six is; If your candle opens above the 50 and above the moving average but close is below both of them at the same time this is also an entry. Now obviously the rules for getting into long positions are exactly the opposite. First things first, always take a look at your support and resistance levels that you set up ahead of time. The second thing is to check your moving averages. I commonly use a 50 and a 100. Exponential moving average. If you are using scalping time frames which are anything from the 30 minute and Below then I would suggest using a 20 period Moving average and a 50 period Moving average. LONG POSITIONS RULES: 1. The stochastic must be in an uptrend. 2. the RSI must be above its moving average. 3. The RSI must be above 50 4. Heikin Ashi candles must be green. 5. The Heikin Ashi candle must open below the moving average and close above the moving average. 6. The most optimal move is when the candle opens below the 40 and closes above the 40 while crossing the moving average. 7. Alternate to rule six is; If your candle opens below the 50 and above the moving average but close is above both of them at the same time this is also an entry.
Long
by CoffeeshopCrypto
1
Using S/R levels to draw trend lines (and) the CSC-HARSI UpdateWelcome back to the coffee shop everybody. This is just a quick update to the csc-HARSI indicator, And a video to show you how you can use its indications to draw your trend lines so you know when your price or trend is broken. So if you already have the csc-HARSI on your charts go ahead and delete it from your chart and then go through tradingview indicators and look for coffee shop crypto or the CSC-HARSI 2022. Okay okay you talked me into it here's a link. This is key to know when you are not only breaking your support and resistance levels with price but when price also breaks your trend lines which is a secondary confirmation. Add to that you can see when price will actually retrace and come back and test off of your trend line. Which is a problem that many Traders have because price actually pulls back to their support or resistance level right through it slightly and put them into fear make them get out of their trailer early thinking that price is going the other way but it's actually tracing back to a trend line that is behind your support or resistance level. This update in the CSC-HARSI comes because I was working on something in the Heiken Ashi Algo and decided to take a piece of the code that I just came up with and put it into the CSC- HARSI so you can use it now instead of waiting for the ALGO to be ready. Take a look at the video and let me know if you have any questions whatsoever. Also in this video I got a little carried away showing you my double sarcastic strategy based off the regular stochastic RSI and a stochastic which I have created. Both of the stochastics will be available in the Heiken Ashi Algo. It will not only tell you that price is moving in a particular direction but it will also tell you as soon as the momentum of that direction is diminishing so you can get out before getting caught in a trap or in a range. Knowing what to look for in this double stochastic strategy will also help you avoid getting into a bullish or bearish move that looks like the market is moving in a particular direction when it's actually moving into a liquidity trap. Don't bother going online looking for this particular double stuck hectic strategy or indicator because it doesn't exist. The only reason it doesn't exist is because again it's using a secondary stochastic which I have created Which will only be available in the Heiken Ashi Algo Oscillator.
Education
by CoffeeshopCrypto
2
Support and Resistance, Supply and Demand Zones on CSC-HARSINew update to the CSC-HARSI for 2022. Open your style tab you will see a couple new features called "Bull Range and Bear Range" Use these two settings to find your support and resistance levels on your chart. When you see a BULL RANGE indication show up, place a horizontal line at the CLOSE of your candle. When you see a BEAR RANGE indication show up, place a horizontal line at the CLOSE of the candle. Commonly I set about 6 lines on my chart at a time around current pricing (3 above and 3 below) This will allow you to better see previous, current, and any new support and resistance levels which are used by large institutaions as ORDER BLOCKS RANGES SUPPLY AND DEMANS ZONES.
by CoffeeshopCrypto
5
CSC-HARSI with Alerts for GO long or Short and when to BUYWelcome to the coffee shop everybody I am highly highly highly excited about the new developments taking place with the CoffeeShop Crypto HARSI 2022 Don't let the name of the indicator fool you it can be used on more than just crypto you can use it on all markets or any markets that you choose to use it on. As you know the indicator was released sometime ago and I really want to give a big thank you to all the people who come through Boost the script as well as use it on their charts it's really nice to see you guys doing that and I want to let you know that I get information I get indications of that taking place and I do make sure to follow you because I want to know what it is that you're up to and I want you to see what I'm up to. okay now that we're done with the introductions and all the salutations and make you feel good about yourselfes let's get into what's happening with the CSC-HARSI. Make sure to take a look at the attached video above because you're going to see and hear me discussing the new implementation of 2 types of alerts and indications that show up on the indicator itself. One indication is when it is going to be telling you to Bi-Lo another indication is going to be when it tells you to go long. That is related to people who want to go bullet in the market and Buy Low sell High. "Bi-Lo" Means that the trend is about to reverse or that if you're in a ranging Market you can buy at this very low price. Shortly after that you'll end up getting another indication saying "Go long". This means that you've already bought at the lowest possible price in a safe place and now when it says go long you can set your trade and take profit levels. So "Buy Lo" does not mean enter into the market and set your take profit it simply means that you buy shares at a low price. The other indications that will show up will be simply the reverse of that. One would say "Buy Hi" which means you just accumulate shares or coins or what have you so that you can short them later on. A little while after that you'll get another Indication that says "go Short". This means that you've already accumulated shares at a high value and now you're going to "short" them. In the attached video you'll be able to see how to use the coffee shop crypto and when and how do you use these two separate alerts for example "Bi-Lo" and "Go-Long" or "Buy-Hi" and "Go-Short" As of the recording of this video in the publication of this idea do not look for the information related to that in the coffee shop crypto heart see this is simply an idea to let you know what's coming up next. So in the meantime go ahead add to your favorites from this link and add it to your chart and when I published the new version of the code which will be with somewhere in the next 24 hours I hope you'll get an indication from tradingview and it'll say hey has been an update to this script go and get the new one. At which point you would simply delete the coffee shop crypto from your trading chart, then you would end up going to the Community Scripts and typing in CoffeeShop Crypto 2022 And re-add it to your chart. So again make sure you watch the video that's attached and if you have any questions go ahead and drop them below if you just simply excited about it go ahead link a comment about that below as well.
Education
by CoffeeshopCrypto
10
Setting Support and resistance levels using the CSC-HARSI 2022Watch the video to get FULL details and listen to some commentary. Always feel free to ask questions below. I love talking with you guys. Here is how we do it: Set your RSI and VWAP as its Moving average in the CSC-HARSI The lower the RSI setting, the more S/R levels you'll find. So don't set your RSI to a low setting on a large timeframe chart. For example: Dont set your RSI to 9 on a 1hr chart. Commonly I trade off of breaks of the 50 period EMA on my chart so i set my RSI to 50 and my chart to 1hr. 1. Setup your RSI to a 50 period length with source as CLOSE 2. RSI MA Settings: Set this to the VWAP (NOTE you can not change the RSI MA length if you set it for VWAP as it is now LOCKED to the RSI length) 3. Look for places on your CSC HARSI where the RSI and VWAP close at exactly the same level. 4. The close must results in a crossover and NOT a bounce. 5. If the Heiken Ashi close was a bullish candle, you mark a horizontal line on your chart ABOVE the candle 5a. If the Heiken Ashi close was a bearish candle, you mark a horizontal line on your chart BELOW the candle.
Education
by CoffeeshopCrypto
1
The worst trading strategy for HARSI or any other indicator.**Not gonna lie. This is a 20+ minute video because I almost lost it, and I went on a RANT! The way I see people just blindly accepting and using ridiculous strategies on indicators is just awful.** I have come across countless TV, YouTube, and other online sourced videos filled with misinformation, and I will make it part of my mission to call out these ridiculous strategies. I just cant sit idlily by while you guys blow your accounts away making bad trades off of horrible information, based from someone who obviously is NOT a real day trader. With that, in todays video, with my brain on fire and my mouth being held back, I am going to cover the strategy I keep seeing here on YouTube. Its one that people claim "The developer told them to use." The strategy is for the original #HARSI (#heikenashi #harsi ) I'm here to tell you, that i have spoken with the original developer a number of times and NOT ONCE did they say this strategy is theirs or that they use it. I'm also going to give you a very quick run through of a proper way to use the new version of the HARSI called the #CSCHARSI or (#coffeshop #Crypto #HARSI ) Download the indicator here: My Tradingview Profile: www.tradingview.com
Education
by CoffeeshopCrypto
12