In my experience I used Heikin Ashi candles even with the use of standard technical indicators.
The use of the smoothing of these candles below (as per formulas that for convenience I report at the bottom) serves to reduce noise, especially if you do it on a monthly basis. Given the time horizon of the candle, this "slow trading" is suitable for those who want to make investments trying to
· Don't be stressed about looking at monitors too much
· Also use fundamental analysis and without being a "slave" to news and rumors
· Making investments more than short-term trading.
In this period of my life where with a family I need more tranquility, I feel very good with this type of investment. Just one view once or 2 times a month
For a higher portfolio yield I also select Small and Mid Cap that I already know (so without too much need to look for news).
In order to screen some more shares, you can also click on the "flame" symbol on Tradingview.
Usually the change of a short (long) trend is highlighted by the lack of new monthly lows (highs): in this case it is necessary to place for the following month a sell order just below the maximum (minimum) previously reached.
Already from mid / 20 of the month the candle is sufficiently formed and it is possible to see the first results (possibly proceed with 50% pyramidal methodology and rest 50% of the target value to be invested by the end of the month).
ALTERNATIVELY
you can use a WEEKLY system
· with input to the first green bar with a significant variation (> 1% leverage 1)
· Close with the first red bar
· "oriented" with a moving average of 11 on H-Ashi on hlc3 (and not on ideal values) to understand "where you are" and how far you are from the average
· "integrates" this "stupid" system that usually works with the news/ "humor" (not rumor) of the moment
Heikin Ashi formulas
Heikin-Ashi Opening = [Aperture (Previous Bar) + Close (Previous Bar)] / 2
Heikin-Ashi Closing = (Opening + High + Minimum + Closing) / 4
Maximum Heikin-Ashi = Max (Maximum, Opening or Closing)
Heikin-Ashi Minimum = Min (Minimum, Open or Close)
Monthly graph