Heikin-Ashi Candles

Category: trend

A candlestick transformation that filters out market noise by using a recursive average for the open price and a mean for the close price.

Formula

\text{HA\_Close} = \frac{Open + High + Low + Close}{4} \\
\text{HA\_Open} = \frac{\text{prev\_HA\_Open} + \text{prev\_HA\_Close}}{2} \\
\text{HA\_High} = \max(High, \text{HA\_Open}, \text{HA\_Close}) \\
\text{HA\_Low} = \min(Low, \text{HA\_Open}, \text{HA\_Close})

See signal primitives and every published strategy that uses Heikin-Ashi Candles on WOBR StrategyVerse.