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The Heikin-Ashi chart type is constructed like a regular candlestick chart (except with For the new values above). The time series is defined by the user depending on the type of chart desired (daily, hourly, etc.). Instead first bar of using the open-high-low-close (OHLC) bars like standard candlestick chartsdata series, the Heikin-Ashi technique uses a modified formula:HA_Open = Open<br> Close HA_Close = (Open+High+Low+Close)/4<br>Open HA_Open = [Open HA_Open (previous bar) + Close HA_Close (previous bar)]/2<br>High HA_High = Max (High,OpenHA_Open,CloseHA_Close)<br>Low HA_Low = Min (Low,OpenHA_Open, CloseHA_Close)
====Auto Trading====
There is no difference between order generation on Regular and Heikin-Ashi chart types with regards to Auto Trading.
To learn how Intra-Bar Order Generation and Bar Magnifier work on Point and Figure Chart Type, see [[Intra-Bar Order Generation, Bar Magnifier on Non-Standard Chart Types|this page]]
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===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:
===Selecting Heikin-Ashi Chart Type===
# Open the '''Format Instrument''' window by one of the following methods:
#:* Click the '''New Chart Window''' http[[File://www.multicharts.com/img/wiki/toolbar/05_Create_New_Chart_WindowNew_Chart.png ]] icon on the Main toolbar; or:
#:* Use the '''Insert''' key on the keyboard; or:
#:* In the main menu select '''File''', then point to '''New''' and click '''New Chart Window'''.
# 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:
#* Position the mouse pointer over the symbol's data series; double-click once the '''Pointer''' http[[File://www.multicharts.com/img/wiki/cursors/Pointer.gif png]] changes into a '''Hand''' http[[File://www.multicharts.com/img/wiki/cursors/Hand.gifpng]]; or:#* Position the mouse pointer over the symbol's data series; once the '''Pointer''' http[[File://www.multicharts.com/img/wiki/cursors/Pointer.gif png]] changes into a '''Hand''' http[[File://www.multicharts.com/img/wiki/cursors/Hand.gifpng]], 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:
#* Select '''Format''' in the main menu and click '''Instrument'''; if the '''Format Objects''' window appears, select the symbol and click the '''Format''' button.
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====
| 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 Open of Hiekin Heikin-Ashi bar, when the new tick of this bar is received. Open of the Hiekin Heikin-Ashi bar is not equal to the price of the received tick. HA Open = (HA Open[1] + HA Close[1])/2. <br> http://www.multicharts.com/img/wiki/charts/Heikin-Ashi1.PNG
|-
| 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 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. <br> http://www.multicharts.com/img/wiki/charts/Heikin-Ashi2.PNG
|-
|}
[[Category:Non-Standard Chart Types]]