Chart Upgrades - Heikin Ashi Candles and Indicator

Discussion in 'Timetotrade News' started by Timetotrade, Apr 2, 2013.

This is the TIMETOTRADE forum. Use the TIMETOTRADE Trigger Trading Technology™ to execute your trades when your Price, Candlestick, Trend Line and Technical Analysis chart conditions are met - no coding required. Trade directly in the world’s global markets. Backtest your Trading Strategies. Calculate your UK HMRC Capital Gains Tax liabilities. Manage your Investment Club. Create a FREE account today.

  1. Timetotrade

    Timetotrade Administrator

    Heikin Ashi candles and a related Heikin Ashi Trend indicator have been added to the charts. The Heikin Ashi candle is used to identify trends, with continuous green candles signifying a strong bullish trend and red candles signalling a bearish trend.

    The formula used to calculate the Heikin Ashi Open, High, Low and Close candle values is:

    Close = (Open + High + Low + Close) / 4
    Open  = (Previous Heikin Ashi Open + Previous Heikin Ashi Close ) / 2
    High  = Maximum of the Heikin Ashi Open, Heikin Ashi Close or interval High
    Low  = Minimum of the Heikin Ashi Open, Heikin Ashi Close or interval Low
    To select the Heikin Ashi candle, use the chart settings and select it from the chart display options as illustrated:

    Heikin Ashi Candles.png

    In addition the Heikin Ashi values and a Heikin Ashi Trend indicator has been added to the Indicator choices as illustrated:

    Heikin Ashi Indicator.png

    The Heikin Ashi Trend indicator is the difference between the Close and Open value of the Heikin Ashi candle where greater than zero indicates a bullish trend and less than zero indicates a bearish trend. Crossing zero indicates a change of trend.

    Apply for a trading account today and get the superb Trigger Trading™, Taxation and Investment Club Pro Package for FREE. Get your trading advantage.

Share This Page

Open a FREE TIMETOTRADE account today:
Execute your Trigger Trading™ strategies automatically in the world’s global markets. Apply Now to try our superb platform and get your trading advantage.
170+ Technical Analysis and Candlestick Pattern Indicators - learn more
Back Test Trading Strategies - learn more
Manage your Portfolio and calculate UK HMRC Capital Gains liabilities and SA 108 CGT Return - learn more
Manage your Investment Club and generate UK HMRC Investment Club Tax Return Form 185 - learn more