Welcome‌‌to‌‌The‌‌Basics‌‌of‌‌the‌‌Noble‌‌

Impulse‌‌Strategy‌‌-‌‌Heiken‌‌Ashi‌ ‌
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The‌‌objective‌‌of‌‌this‌‌lesson‌‌is‌‌to‌‌provide‌‌an‌‌overview‌‌of‌‌how‌‌to‌‌properly‌‌implement‌‌the‌‌Noble‌‌
Impulse‌‌indicator‌‌on‌‌your‌‌trading.‌‌The‌‌majority‌‌of‌‌this‌‌lesson‌‌will‌‌be‌‌spent‌‌on‌‌how‌‌to‌‌use‌‌
Noble‌‌Impulse‌‌with‌‌Heiken‌‌Ashi‌‌candles.‌ ‌
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First‌‌of‌‌all,‌‌what‌‌is‌‌Noble‌‌Impulse?‌N‌ oble‌‌Impulse‌‌is‌‌an‌‌algorithm‌‌that‌‌runs‌‌on‌‌top‌‌of‌‌the‌‌
MetaTrader‌‌4,‌‌MetaTrader‌‌5,‌‌and‌‌now‌‌available‌‌in‌‌TradingView.‌‌What‌‌Noble‌‌Impulse‌‌
provides‌‌to‌‌users‌‌is‌‌a‌‌signaling‌‌indicator‌‌that‌‌instantly‌‌shows‌‌a‌‌buy‌‌and‌‌sell‌‌arrows‌‌on‌‌any‌‌
chart.‌ ‌

How‌‌Does‌‌It‌‌Work?‌ ‌
- Upward‌‌Signals‌‌tells‌‌you‌‌when‌‌you’re‌‌in‌‌a‌‌suggested‌‌buy‌‌area‌‌of‌‌an‌‌asset.‌ ‌
- Downward‌‌Signals‌‌tells‌‌you‌‌when‌‌you’re‌‌in‌‌a‌‌suggested‌‌sell‌‌area‌‌of‌‌an‌‌asset.‌ ‌
- Signals‌‌tell‌‌you‌‌when‌‌a‌‌potential‌‌entry‌‌is‌‌happening‌‌based‌‌on‌‌a‌‌sudden‌‌surge‌‌in‌‌
movement.‌ ‌
- Signals‌‌tell‌‌you‌‌when‌‌it‌‌is‌‌time‌‌to‌‌exit‌‌your‌‌position‌‌based‌‌on‌‌a‌‌sudden‌‌surge‌‌in‌‌
movement.‌ ‌
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Overall,‌‌Noble‌‌Impulse‌‌provides‌‌a‌‌very‌‌structured‌‌approach‌‌when‌‌it‌‌comes‌‌to‌‌Trading.‌‌Its‌‌
goal‌‌is‌‌to‌‌cut‌‌losses‌‌as‌‌quickly‌‌as‌‌possible‌‌and‌‌catch‌‌massive‌‌moves‌‌in‌‌the‌‌market.‌ ‌

Best‌‌Hours‌‌for‌‌Forex/Stock‌‌Trading‌ ‌
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Before‌‌we‌‌go‌‌further,‌‌it‌‌is‌‌very‌‌important‌‌to‌‌know‌‌when‌‌is‌‌the‌‌best‌‌time‌‌to‌‌trade‌‌the‌‌Forex‌‌
market.‌‌The‌‌week‌‌begins‌‌at‌‌5‌‌p.m.‌‌EST‌‌on‌‌Sunday‌‌and‌‌runs‌‌until‌‌5‌‌p.m‌‌EST.‌‌on‌‌Friday.‌‌Not‌‌
every‌‌hour‌‌of‌‌the‌‌day‌‌is‌‌equally‌‌good‌‌for‌‌trading.‌‌The‌‌best‌‌time‌‌to‌‌trade‌‌is‌‌when‌‌the‌‌market‌‌
is‌‌most‌‌active.‌‌Some‌‌movements‌‌are‌‌seen‌‌during‌‌the‌‌Sydney‌‌and‌‌Asian‌‌sessions.‌‌But‌‌the‌‌
London‌‌and‌‌New‌‌York‌‌sessions‌‌have‌‌the‌‌most‌‌significant‌‌fluctuation.‌ ‌
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For‌‌stock‌‌trading‌‌in‌‌general.‌‌The‌‌first‌‌hour‌‌of‌‌trading‌‌offers‌‌the‌‌biggest‌‌moves‌‌in‌‌the‌‌shortest‌‌
amount‌‌of‌‌time.‌R ‌ egular‌t‌ rading‌‌‌begins‌‌at‌‌9:30‌‌a.m.‌‌EST,‌‌so‌‌the‌‌hour‌‌ending‌‌at‌‌10:30‌‌a.m.‌‌
EST‌‌is‌‌often‌‌the‌b ‌ est‌‌trading‌‌time‌‌‌of‌‌the‌‌day.‌‌This‌‌also‌‌depends‌‌on‌‌the‌‌volume.‌‌All‌‌markets‌‌
have‌‌different‌‌appropriate‌‌trading‌‌times,‌‌research‌‌which‌‌one‌‌applies‌‌to‌‌you.‌ ‌
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This‌‌is‌‌just‌‌a‌‌recommendation,‌‌you‌‌are‌‌more‌‌than‌‌welcome‌‌to‌‌trade‌‌anytime‌‌you‌‌wish.‌ ‌
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What‌‌are‌‌Heiken‌‌Ashi‌‌Candlesticks?‌ ‌
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Most‌‌traders‌‌prefer‌‌to‌‌use‌‌the‌‌regular‌‌candle‌‌ticks‌‌charts‌‌for‌‌their‌‌analysis‌‌but‌‌most‌‌are‌‌not‌‌
aware‌‌of‌‌the‌‌Heiken‌‌Ashi‌‌candlesticks.‌‌Heiken‌‌Ashi‌‌has‌‌recently‌‌gained‌‌popularity,‌‌
especially‌‌to‌‌new‌‌traders‌‌because‌‌it’s‌‌easier‌‌to‌‌identify‌‌trends‌‌when‌‌using‌‌Heiken‌‌Ashi.‌ ‌
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In‌‌this‌‌section,‌‌we‌‌will‌‌give‌‌you‌‌a‌‌brief‌‌explanation‌‌on‌‌how‌‌these‌‌modified‌‌candlestick‌‌works.‌‌
As‌‌well‌‌as‌‌a‌‌comparison‌‌of‌‌regular‌‌candlestick‌‌and‌‌Heiken‌‌Ashi‌‌candlestick‌‌when‌‌using‌‌
Noble‌‌Impulse.‌‌ ‌
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This‌‌Heiken‌‌Ashi‌‌candlestick‌‌can‌‌limit‌‌the‌‌signals‌‌given‌‌by‌‌Noble‌‌Impulse‌‌on‌‌default‌‌settings‌‌
by‌‌1/3.‌ ‌
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So,‌‌what‌‌are‌‌the‌‌Heiken‌‌Ashi‌‌candlesticks?‌‌Heiken‌‌Ashi‌‌(sometimes‌‌referred‌‌to‌‌as‌‌Heikin‌‌
Ashi)‌‌is‌‌a‌‌distinctive‌‌type‌‌of‌‌Japanese‌‌candlesticks‌‌that‌‌are‌‌calculated‌‌using‌‌the‌‌current‌‌and‌‌
previous‌‌price‌‌data.‌‌The‌‌term‌‌“Heiken‌‌Ashi”‌‌simply‌‌means‌‌“average‌‌bar”‌‌in‌‌Japanese.‌‌
Heiken‌‌Ashi‌‌candlestick‌‌was‌‌developed‌‌in‌‌the‌‌1700s‌‌by‌‌a‌‌Japanese‌‌trader‌‌named‌‌Munehisa‌‌
Homma.‌‌So,‌‌it’s‌‌been‌‌around‌‌for‌‌quite‌‌a‌‌while.‌ ‌
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If‌‌you‌‌look‌‌closely‌‌at‌‌the‌‌Heiken‌‌Ashi‌‌chart‌‌above,‌‌you‌‌can‌‌see‌‌that‌‌it’s‌‌relatively‌‌similar‌‌in‌‌
appearance‌‌to‌‌regular‌‌Japanese‌‌candlestick‌‌but‌‌the‌‌open‌‌and‌‌close‌‌prices‌‌are‌‌calculated‌‌
differently.‌‌ ‌
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How‌‌is‌‌the‌‌Heiken‌‌Ashi‌‌candlestick‌‌calculated?‌ ‌
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We‌‌are‌‌not‌‌going‌‌to‌‌go‌‌in-depth‌‌about‌‌Heiken‌‌Ashi‌‌itself.‌‌The‌‌main‌‌goal‌‌of‌‌this‌‌strategy‌‌
section‌‌is‌‌to‌‌show‌‌you‌‌how‌‌Heiken‌‌Ashi‌‌limits‌‌the‌‌signals‌‌by‌‌1/3‌‌by‌‌filtering‌‌the‌‌trend.‌‌At‌‌the‌‌
end‌‌of‌‌the‌‌day,‌‌it‌‌is‌‌your‌‌decision‌‌whether‌‌you‌‌will‌‌apply‌‌this‌‌strategy‌‌along‌‌with‌‌Noble‌‌
Impulse.‌ ‌
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As‌‌we‌‌mentioned‌‌previously,‌‌the‌‌Heiken‌‌Ashi‌‌candlestick‌‌is‌‌based‌‌on‌‌price‌‌data‌‌from‌‌the‌‌
current‌‌close-open-high-low,‌‌the‌‌current‌‌Heiken‌‌Ashi‌‌values,‌‌and‌‌the‌‌previous‌‌Heiken‌‌Ashi‌‌
values.‌ ‌
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Formula‌‌to‌‌calculate‌‌the‌‌Heiken‌‌Ashi‌‌candlestick‌ ‌
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The‌‌Heiken‌‌Ashi‌‌Close‌‌is‌‌the‌‌average‌‌of‌‌the‌‌open,‌‌high,‌‌low,‌‌and‌‌close‌‌for‌‌the‌‌current‌‌
period.‌ ‌
- Close‌‌=‌‌¼‌‌(Open‌‌+‌‌High‌‌+‌‌Low‌‌+‌‌Close)‌‌The‌‌average‌‌price‌‌of‌‌the‌‌current‌‌bar‌ ‌
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The‌‌Heiken‌‌Ashi‌‌Open‌‌is‌‌the‌‌average‌‌of‌‌the‌‌previous‌‌Heiken‌‌Ashi‌‌open‌‌plus‌‌the‌‌close‌‌of‌‌the‌‌
previous‌‌Heiken‌‌Ashi‌‌candlestick.‌ ‌
- Open‌‌=‌‌½‌‌(Open‌‌of‌‌Previous‌‌Bar‌‌+‌‌Close‌‌of‌‌the‌‌Previous‌‌Bar)‌‌The‌‌midpoint‌‌of‌‌the‌‌
previous‌‌bar‌ ‌
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The‌‌Heiken‌‌Ashi‌‌High‌‌is‌‌the‌‌maximum‌‌of‌‌three‌‌data‌‌points.‌ ‌
- High‌‌=‌‌Max‌‌(High,‌‌Open,‌‌Close)‌ ‌
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The‌‌Heiken‌‌Ashi‌‌low‌‌is‌‌the‌‌minimum‌‌of‌‌three‌‌data‌‌points.‌ ‌
- Low‌‌=‌‌Min‌‌(Low,‌‌Open,‌‌Close)‌ ‌
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Significance‌‌of‌‌Heiken‌‌Ashi‌‌candlesticks‌ ‌
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Heiken‌‌Ashi‌‌charts‌‌make‌‌candlestick‌‌charts‌‌more‌‌readable‌‌for‌‌traders,‌‌especially‌‌when‌‌
spotting‌‌trends‌‌and‌‌reversals.‌‌As‌‌a‌‌trader,‌‌you‌‌need‌‌to‌‌know‌‌when‌‌to‌‌get‌‌out‌‌as‌‌soon‌‌as‌‌the‌‌
trend‌‌weakens‌‌and‌‌when‌‌to‌‌stay‌‌in‌‌and‌‌ride‌‌a‌‌strong‌‌trend.‌‌ ‌
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Overall,‌‌Heiken‌‌Ashi‌‌will‌‌filter‌‌the‌‌noise‌‌and‌‌smooth‌‌out‌‌the‌‌price‌‌action‌‌on‌‌your‌‌chart‌‌by‌‌
showing‌‌data‌‌using‌‌averages.‌‌These‌‌signals‌‌may‌‌make‌‌identifying‌‌trading‌‌opportunities‌‌
easier‌‌than‌‌with‌‌traditional‌‌candlesticks‌‌because‌‌the‌‌trends‌‌are‌‌not‌‌easily‌‌interrupted‌‌by‌‌
false‌‌signals.‌ ‌
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Disadvantages‌‌of‌‌Heiken‌‌Ashi‌‌candlesticks‌ ‌
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Heiken‌‌Ashi‌‌is‌‌very‌‌useful‌‌when‌‌it‌‌comes‌‌to‌‌spotting‌‌trends‌‌but‌‌they‌‌do‌‌have‌‌limitations‌‌and‌‌
things‌‌that‌‌you‌‌need‌‌to‌‌consider‌‌if‌‌you‌‌plan‌‌on‌‌using‌‌them.‌ ‌
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There‌‌are‌‌few‌‌things‌‌you‌‌need‌‌to‌‌look‌‌out‌‌for‌‌when‌‌using‌‌Heiken‌‌Ashi‌‌candlesticks.‌ ‌
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- The‌‌Heiken‌‌Ashi‌‌candlesticks‌‌do‌‌not‌‌show‌‌the‌‌exact‌‌open‌‌and‌‌close‌‌prices‌‌because‌‌
they‌‌are‌‌averaged.‌ ‌
- The‌‌Heiken‌‌Ashi‌‌candlesticks‌‌may‌‌still‌‌show‌‌a‌‌sign‌‌of‌‌trend‌‌even‌‌though‌‌there‌‌is‌‌a‌‌
minor‌‌pullback‌‌in‌‌price.‌ ‌
- Another‌‌thing‌‌you‌‌need‌‌to‌‌watch‌‌out‌‌for‌‌is‌‌the‌‌closing‌‌of‌‌the‌‌price.‌‌The‌‌Heiken‌‌Ashi‌‌
candlestick‌‌does‌‌not‌‌display‌‌the‌‌actual‌‌closing‌‌price.‌‌This‌‌is‌‌important,‌‌especially‌‌if‌‌
you‌‌want‌‌to‌‌get‌‌in‌‌at‌‌a‌‌good‌‌price.‌ ‌
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How‌‌to‌‌Properly‌‌Set‌‌up‌‌your‌‌chart‌‌with‌‌Heiken‌‌Ashi‌‌candlestick‌ ‌
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Simply‌‌go‌‌to‌‌the‌‌chart‌‌type‌‌icon‌‌beside‌‌the‌‌timeframe‌‌and‌‌choose‌‌Heiken‌‌Ashi.‌‌Make‌‌sure‌‌to‌‌
use‌‌this‌‌default‌‌Heiken‌‌Ashi.‌ ‌
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For‌‌Desktop‌‌and‌‌Laptop:‌ ‌
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For‌‌Mobile:‌ ‌
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Heiken‌‌Ashi‌‌and‌‌Regular‌‌Candlestick‌‌Comparison‌ ‌
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As‌‌mentioned‌‌above,‌‌Heiken‌‌Ashi‌‌tends‌‌to‌‌filter‌‌the‌‌trend‌‌by‌‌measuring‌‌the‌‌averages.‌‌This‌‌
limits‌‌the‌‌signals‌‌given‌‌by‌‌Noble‌‌Impulse‌‌by‌‌1/3‌‌more‌‌or‌‌less.‌‌Therefore,‌‌the‌‌chances‌‌of‌‌
winning‌‌will‌‌most‌‌likely‌‌increase‌‌because‌‌there‌‌are‌‌fewer‌‌signals‌‌to‌‌look‌‌at.‌ ‌
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Noble‌‌Impulse‌‌with‌‌Regular‌‌Candlestick‌‌default‌‌settings.‌ ‌
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Noble‌‌Impulse‌‌with‌‌Heiken‌‌Ashi‌‌default‌‌settings.‌ ‌
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As‌‌you‌‌can‌‌see,‌‌there‌‌are‌‌22‌‌buy‌‌and‌‌sell‌‌signals‌‌on‌‌regular‌‌candlesticks.‌‌And‌‌there‌‌are‌‌12‌‌
signals‌‌on‌‌Heiken‌‌Ashi‌‌candlesticks.‌‌This‌‌chart‌‌is‌‌just‌‌an‌‌example,‌‌there‌‌could‌‌be‌‌more‌‌or‌‌
less‌‌signals‌‌depending‌‌on‌‌the‌‌market‌‌condition.‌‌Clearly,‌‌Heiken‌‌Ashi‌‌will‌‌minimize‌‌the‌‌
signals‌‌of‌‌Noble‌‌Impulse‌‌by‌‌filtering‌‌minor‌‌fluctuations.‌‌Below‌‌is‌‌another‌‌example.‌ ‌
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Noble‌‌Impulse‌‌with‌‌Regular‌‌Candlestick‌‌default‌‌settings.‌ ‌
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Noble‌‌Impulse‌‌with‌‌Heiken‌‌Ashi‌‌default‌‌settings.‌ ‌
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Which‌‌Timeframe‌‌Works‌‌the‌‌Best?‌ ‌
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There’s‌‌really‌‌no‌‌right‌‌or‌‌wrong‌‌answer‌‌to‌‌this‌‌question.‌‌Everyone‌‌has‌‌a‌‌different‌‌style‌‌of‌‌
trading‌‌that‌‌suits‌‌their‌‌daily‌‌schedule.‌‌Most‌‌users‌‌prefer‌‌the‌‌15-Minute‌‌and‌‌above‌‌timeframe.‌‌ ‌
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Our‌‌team‌‌likes‌‌to‌‌use‌‌1-Hour‌‌timeframe‌‌for‌‌day‌‌trading‌‌in‌‌the‌‌Forex‌‌market.‌ ‌
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For‌‌stocks,‌‌if‌‌you’re‌‌planning‌‌to‌‌trade‌‌daily‌‌gappers‌‌and‌‌high‌‌volume‌‌stock‌‌for‌‌day‌‌trading‌‌
we‌‌recommend‌‌using‌‌M1-M5.‌‌And‌‌for‌‌swing‌‌trade‌‌use‌‌H4‌‌and‌‌up‌‌timeframe.‌ ‌
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You‌‌are‌‌more‌‌than‌‌welcome‌‌to‌‌experiment‌‌with‌‌different‌‌timeframes.‌‌Always‌‌research‌‌and‌‌
do‌‌your‌‌own‌‌due‌‌diligence‌‌if‌‌you’re‌‌planning‌‌to‌‌hold‌‌a‌‌certain‌‌stock.‌ ‌

Do‌‌you‌‌recommend‌‌using‌‌the‌‌Heiken‌‌Ashi‌‌candlestick?‌ ‌
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This‌‌is‌‌optional.‌‌Though,‌‌the‌‌Heiken‌‌Ashi‌‌candlestick‌‌will‌‌filter‌‌the‌‌trends‌‌for‌‌you‌‌and‌‌
minimize‌‌the‌‌signals‌‌given‌‌by‌‌the‌‌Noble‌‌Impulse‌‌indicator.‌‌We‌‌believe‌‌that‌‌the‌‌regular‌‌
candlestick‌‌is‌‌still‌‌the‌‌way‌‌to‌‌go‌‌because‌‌you‌‌can‌‌incorporate‌‌price‌‌action‌‌with‌‌Noble‌‌
Impulse‌‌to‌‌increase‌‌your‌‌chance‌‌of‌‌winning.‌ ‌

Adjusting‌‌the‌‌Sensitivity‌‌Settings‌ ‌
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To‌‌further‌‌minimize‌‌the‌‌signals‌‌and‌‌filter‌‌the‌‌trends,‌‌you‌‌can‌‌adjust‌‌the‌‌sensitivity‌‌settings.‌‌
Check‌‌Module‌‌#4‌‌for‌‌more‌‌details‌‌about‌‌adjusting‌‌the‌‌sensitivity‌‌settings.‌‌Make‌‌sure‌‌to‌‌read‌‌
the‌‌Module‌‌#2‌‌and‌‌Module‌‌#3‌‌before‌‌that.‌‌ ‌

CONGRATULATIONS!‌ ‌
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You‌‌have‌‌finished‌‌the‌‌Noble‌‌Impulse‌‌Heiken‌‌Ashi‌‌Strategy.‌‌When‌‌you’re‌‌ready,‌‌you‌‌can‌‌
check‌‌out‌‌the‌‌Intermediate‌‌strategy.‌‌We‌‌will‌‌be‌‌using‌‌Noble‌‌Impulse‌‌along‌‌with‌‌some‌‌of‌‌the‌‌
most‌‌popular‌‌indicators‌‌that‌‌many‌‌people‌‌are‌‌already‌‌using‌‌successfully.‌ ‌
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At‌‌the‌‌next‌‌section,‌‌you‌‌will‌‌know‌‌more‌‌about‌‌where‌‌to‌‌place‌‌stop‌‌loss,‌‌exit‌‌targets,‌‌and‌‌how‌‌
to‌‌filter‌‌false‌‌signals.‌‌ ‌
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If‌‌you‌‌need‌‌any‌‌assistance‌‌or‌‌have‌‌any‌‌questions,‌‌please‌‌reach‌‌out‌‌to‌‌us‌‌via‌‌email‌‌on‌‌our‌‌
website‌‌under‌‌the‌‌contact‌‌us‌‌section‌‌or‌‌the‌‌email‌‌down‌‌below.‌‌Noble‌‌Impulse‌‌offers‌‌24/7‌‌
support.‌‌But‌‌due‌‌to‌‌high‌‌traffic,‌‌it‌‌may‌‌take‌‌a‌‌few‌‌hours‌‌for‌‌our‌‌support‌‌team‌‌to‌‌respond.‌‌We‌‌
will‌‌do‌‌our‌‌best‌‌to‌‌get‌‌back‌‌to‌‌you‌‌in‌‌a‌‌timely‌‌manner.‌ ‌
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[email protected]‌ ‌
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Website‌‌link:‌n ‌ obleimpulse.com‌ ‌
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Copyright‌‌©‌‌2021‌‌Noble‌‌Impulse.‌‌All‌‌rights‌‌reserved.‌ ‌