Forex STEINITZ Indicator System

THE INDICATORS USED

1. Heiken_Ashi_Smoothed
  • Input setting are: 2-6-3-2
  • Colors are: Red, blue, red, blue.
  • Width is: 1,1,3,3
  • Style is: 0,0,0,0

2. 4 TF HAS Bar
  • Input settings are: 2-6-3-2... 1.0
  • Colors are: Red, blue, red, blue, red, blue, red, blue
  • Width is: 0,0,0,0,0,0,0,0
  • Style is: 0,0,0,0,0,0,0,0
  • Level style is: Silver

3. 4 TF HAS Bar2

  • Input settings are: 2-6-3-2-0 Blue,Red, Black
  • Colors are: Blue, red, blue, red, blue, red, blue, red
  • Width is: 0,0,0,0,0,0,0,0
  • Style is: 0,0,0,0,0,0,0,0
  • Level style is: Silver

You need to set your price chart on "Line charts" (candlesticks will work too) but I prefer line charts since we are dealing with closing prices only and candles with clutter up the chart.


So now you have your charts set-up with the three (3) indicators and you have your pricing set to "Line charts". Let's continue......

1. On the top of the chart you will see the “HAS” indicator. There are only two colors that you will see red or blue. Red for down and blue for up. There is also another candle that you will see from time to time. It is a red body with a blue wick or blue body with a red wick. I’ll go into that later.

2. On the bottom of the chart you will see the “4TF HAS” indicator display four timeframes off to the right side of the indicator. If your platform is set to 5M you will see 5M, 15M, 30M and 1Hr. You can also confirm the TF's just over the indicator itself which helps if you can't see the right side of your screen for whatever reason.

3. On the bottom of the chart we also have the “4TF HAS Bar2” which overlaps the other “4TF HAS Bar” indicator to enable a mixed color bar (bar with a dot in the middle) to display when they occur naturally. Don’t worry we will discuss that later. Thanks go out to “Mouteki” for his help with a modification to this indicator which he named the “4TF HAS Bar2”.
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