Heiken-Ashi

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Heiken-Ashi


Heiken-Ashi indicator


The Heiken-Ashi indicator is formed the same way as a candle. But the values are calculated by formulas:

Close = (Open+High+Low+Close)/4
Open = [Open (previous bar) + Close (previous bar)]/2
High = Max (High,Open,Close)
Low = Min (Low,Open, Close)

If the candle rises (close price>open price) then body of the candle is green. If falls – then red.
The shadows of the Heiken-Ashi candle are gray by default.
You can change all color settings as you wish.



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