[[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:
Close For the first bar of the data series, HA_Open = Open<br>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)
===Selecting Heikin-Ashi Chart Type===
| 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.
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| Buy this bar at close