Heikin-Ashi: Difference between revisions
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→Understanding Heikin-Ashi Chart Type
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[[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: | [[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 = [Open (previous bar) + 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=== |