Heiken Ashi (Standard MT5)

Category: trend

A trend-following candlestick derivative that smooths price action by averaging current and previous bar values to filter market noise.

Formula

$haClose = (Open + High + Low + Close) / 4$\n$haOpen = (haOpen_{prev} + haClose_{prev}) / 2$\n$haHigh = \max(High, haOpen, haClose)$\n$haLow = \min(Low, haOpen, haClose)$

See signal primitives and every published strategy that uses Heiken Ashi (Standard MT5) on WOBR StrategyVerse.