Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Heikin-Ashi Technique and NMA aka NRTR Trading system

27 sec read


 

NMA(Nick Moving Average) alias NRTR(Nick Rypock Trailing Reverse Trading system) uses Heikin-Ashi Technique.


Heikin-Ashi is a type of candlestick chart that shares many characteristics with standard
candlestick charts, but differs because of the values used to create each bar. Instead of
using the open-high-low-close (OHLC) bars like standard candlestick charts, the Heikin-Ashi
technique uses a modified formula:


Close = (Open+High+Low+Close)/4
Open = [Open (previous bar) + Close (previous bar)]/2
High = Max (High,Open,Close)
Low = Min (Low,Open, Close)


The above formula can be achieved by the following afl code

HACLOSE=(O+H+L+C)/4;
HaOpen = AMA( Ref( HaClose,  -1 ),  0.5 );
HaHigh = Max( H,  Max( HaClose,  HaOpen ) );
HaLow = Min( L,  Min( HaClose,  HaOpen ) );
Chart for Nifty NMA Daily charts shown above

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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8 Replies to “Heikin-Ashi Technique and NMA aka NRTR Trading system”

  1. You are verymuch inovative in exploring ideas and relenlessly sharing ur knowledge with lay people like me. It helps us to understand the intricacies in a simple manner. You are simply fabulous. I am one of your fan and silent student.In the NMA chart above are two lines (blue and green). I could not know if they are reprenting MAs? I will be highly obliged if can elaboratr how thr up and down arrows are drawn or calculated.thanks and best regards.Vivek

  2. Yeah the blue and green line represents only the moving averages 8 EMA and 34 EMA. Its just used for identifying support/Resistance. But it doesnt play any role in Buy/Sell Signal

  3. Where can I go to see this indicator on the QQQQ chart? Nick Rypock Trailing Reverse Trading system?

    Thx
    John

  4. Hi I am using Ichimoku Cloud strategy with Chartnexus EOD version.I was using paid EOD software before this now it will save me the cost.I have recommended this software and your site to my friends and they are happy and amazed with the reading material available on this site.I commend u r efforts and time taken to make these things available freely.

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