Heikin Ashi candles and moving average

Questions about MultiCharts and user contributed studies.
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Joined: 05 Nov 2006

Heikin Ashi candles and moving average

Postby ybfjax » 01 May 2009

From http://forum.tssupport.com/viewtopic.php?t=5982
Please consider adding Heikin-Ashi candles to Multicharts next release.
Would be a real advantage to have it added to the core features in the next major Multicharts release.

The concept is very simple and covered here: http://www.educofin.com/ha/ha.html

Excel spreadsheet demonstrates the Heikin-Ashi vs regular candles using Yahoo! Finance data.

Any opinions on implementing?
Please cast your vote! :wink:

I was wondering if you would be able to draw these charts based off of other charts, such as volume charts? so instead of using minute bars, you use volume bars or other bars that are not time based (range, tick, etc). This would be very helpful. Will this be hard coded, or does the paintbar script have to be modified? If so, could you provide an example of heikin Ashi candles based off of volumn bars?

Also, creating the various moving averages based off of HA outputs would be nice.

Thanks and congrats on going GOLD. WOW!

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