Heiken Ashi

Category: trend

A candlestick transformation that smooths price action to better visualize trends and reduce market noise.

Formula

haClose = (Open_0 + High_0 + Low_0 + Close_0) / 4\nhaOpen = (haOpen_{i-1} + haClose_{i-1}) / 2\nhaHigh = Max(High_0, haOpen, haClose)\nhaLow = Min(Low_0, haOpen, haClose)

Inputs

• ExtColor1 (default: Red)
• ExtColor2 (default: White)
• ExtColor3 (default: Red)
• ExtColor4 (default: White)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.