Heikin Ashi Candle & Color Trading.

[KingSwing]

Hello All,

Using Heikin Ashi candles, is it possible to take Buy trades when the 2 following conditions are met using a 15MIN time frame.

1: Candle color changes from red to yellow (color is personal preference)
2: Crosses above 5SMA

If this is possible, what are thoughts on profitability?

Best Regards,
Jerrud

[l'andorrà]

I have no idea about profitability but condition 1 can be achieved with a custom indicator doing exactly what you say. Condition 2 is even easier.