Heikin Ashi Streak Fade with an RSI Filter

Summary

This short-only strategy aims to fade an extended run of bullish Heikin Ashi candles. It combines a streak condition on a selectable Heikin Ashi timeframe with an RSI filter on a separate timeframe to identify possible short entries. The script describes a single base order without averaging and uses fixed percentage take-profit and stop-loss levels. It also includes settings for order size, date-limited backtests, and chart displays.

The supplied excerpt gives the strategy’s design and configurable inputs, but it ends partway through the visualization settings. It does not show the full entry or exit implementation, any backtest results, or evidence that the approach is profitable. Its signals depend on the selected candle streak, RSI settings, market, and timeframe; actual execution costs and fills may also differ from a chart backtest. Treat it as a strategy outline rather than performance evidence.

Key ideas

• The strategy takes short positions by fading a selected run of bullish or bearish Heikin Ashi candles.
• A separate RSI condition acts as a bias filter for entries.
• The design specifies one base order, no averaging, and fixed take-profit and stop-loss levels.
• The excerpt contains no performance results and omits the complete order logic.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.