Heikin-Ashi: Difference between revisions
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===Understanding Heikin-Ashi Chart Type=== | ===Understanding Heikin-Ashi Chart Type=== | ||
[[File:HAChart1.png|right|HA]] The Heikin-Ashi chart type is constructed like a regular candlestick chart (except with the new values above). The time series is defined by the user depending on the type of chart desired (daily, hourly, etc.). Instead of using the open-high-low-close (OHLC) bars like standard candlestick charts, the Heikin-Ashi technique uses a modified formula: | |||
For the first bar of the data series, HA_Open = Open<br> | |||
HA_Close = (Open+High+Low+Close)/4 <br> | |||
HA_Open = [HA_Open (previous bar) + HA_Close (previous bar)]/2<br> | |||
HA_High = Max (High, HA_Open, HA_Close)<br> | |||
HA_Low = Min (Low, HA_Open, HA_Close) | |||
===Selecting Heikin-Ashi Chart Type=== | ===Selecting Heikin-Ashi Chart Type=== | ||
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# Open the '''Format Instrument''' window by one of the following methods: | # Open the '''Format Instrument''' window by one of the following methods: | ||
#:* Click the '''New Chart Window''' | #:* Click the '''New Chart Window''' [[File:New_Chart.png]] icon on the Main toolbar; or: | ||
#:* Use the '''Insert''' key on the keyboard; or: | #:* Use the '''Insert''' key on the keyboard; or: | ||
#:* In the main menu select '''File''', then point to '''New''' and click '''New Chart Window'''. | #:* In the main menu select '''File''', then point to '''New''' and click '''New Chart Window'''. | ||
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# Open the '''Format Instrument''' window by one of the following methods: | # Open the '''Format Instrument''' window by one of the following methods: | ||
#* Click the Format Instrument icon on the Chart Analysis toolbar; if the '''Format Objects''' window appears, select the symbol and click the '''Format''' button; or: | #* Click the Format Instrument icon on the Chart Analysis toolbar; if the '''Format Objects''' window appears, select the symbol and click the '''Format''' button; or: | ||
#* Position the mouse pointer over the symbol's data series; double-click once the '''Pointer''' | #* Position the mouse pointer over the symbol's data series; double-click once the '''Pointer''' [[File:Pointer.png]] changes into a '''Hand''' [[File:Hand.png]]; or: | ||
#* Position the mouse pointer over the symbol's data series; once the '''Pointer''' | #* Position the mouse pointer over the symbol's data series; once the '''Pointer''' [[File:Pointer.png]] changes into a '''Hand''' [[File:Hand.png]], right-click and then click '''Format''' 'Symbol Name'; or: | ||
#* Right-click on an empty area of the chart and then click '''Format Instrument'''; if the '''Format Objects''' window appears, select the symbol and click the '''Format''' button; or: | #* Right-click on an empty area of the chart and then click '''Format Instrument'''; if the '''Format Objects''' window appears, select the symbol and click the '''Format''' button; or: | ||
#* Select '''Format''' in the main menu and click '''Instrument'''; if the '''Format Objects''' window appears, select the symbol and click the '''Format''' button. | #* Select '''Format''' in the main menu and click '''Instrument'''; if the '''Format Objects''' window appears, select the symbol and click the '''Format''' button. | ||
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There is no difference between order generation on Regular and Heikin-Ashi chart types with regards to Backtesting and Data Playback. | There is no difference between order generation on Regular and Heikin-Ashi chart types with regards to Backtesting and Data Playback. | ||
To learn how Intra-Bar Order Generation and Bar Magnifier work on Heiken Ashi Chart Type, see [[Intra-Bar Order Generation, Bar Magnifier on Non-Standard Chart Types|this page]] | |||
====Real-Time simulation==== | ====Real-Time simulation==== | ||
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| Buy next bar at market | | Buy next bar at market | ||
| Order is placed on the first tick of the new bar, i.e. on Open of next bar. | | Order is placed on the first tick of the new bar, i.e. on Open of next bar. | ||
| Order is placed on Open of | | Order is placed on Open of Heikin-Ashi bar, when the new tick of this bar is received. Open of the Heikin-Ashi bar is not equal to the price of the received tick. HA Open = (HA Open[1] + HA Close[1])/2. | ||
|- | |- | ||
| Buy this bar at close | | Buy this bar at close | ||
| Order is placed on the last tick of a bar, i.e. on the Close of the current bar. | | Order is placed on the last tick of a bar, i.e. on the Close of the current bar. | ||
| Order is placed on the Close of the current Heikin Ashi bar. Close of the Heikin Ashi bar is not equal to the price of the tick that closes this bar. | | Order is placed on the Close of the current Heikin Ashi bar. Close of the Heikin Ashi bar is not equal to the price of the tick that closes this bar. | ||
HA Close = (Open + High + Low + Close)/4. | HA Close = (Open + High + Low + Close)/4. | ||
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[[Category:Non-Standard Chart Types]] | [[Category:Non-Standard Chart Types]] |