20/04/2014 12:21:27 Free Membership Login
If your page isn't loading correctly please Click here
Basic ADVFN Video Help
ADVFN HomeHelpChartsHeiken Ashi Charts
Charts
  Point & Figure Charts
  Studies
  Heiken Ashi Charts
  The ADVFN Live Charts

Heiken Ashi Charts

Heiken-Ashi bars are similar to candlesticks, but are based on slightly changed datasets:
  1. haClose is the average of the current bar (Open + High + Low + Close)/4
  2. haOpen is the midpoint of the body of the previous bar: (Open of previous bar + Close of previous bar)/2
  3. haHigh is the highest value of the set: High (of the current bar),haOpen,haClose
  4. haLow is the lowest value of the set: Low (of the current bar),haOpen,haClose
The Heiken-Ashi bar is thus plotted as a candlestick with values haOpen, haClose, haHigh, haLow. it's coloured green for up and red for down, to differentiate them from regular candlesticks.

Heiken-Ashi gives a much better visual indication of trends, consolidations and reversals than regular candlestick bars for any time frame.




By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 us 140420 12:21