Heikin Ashi Chart
The Heikin Ashi chart consists of candles. Their coloring is similar to the coloring on the Candle chart, however, the open, close, high, Heikin-Ashi交易图表详解 and low prices are not registered, but calculated instead. The formulas converting the actual prices values into the Heikin Ashi price values are shown in the following Heikin-Ashi交易图表详解 table:
Heikin Ashi Close: The arithmetic mean of the current high, low, open, and close prices.
Heikin Ashi Open: The midpoint of the previous candle.
Heikin Ashi High: The highest of the following: the actual high, the Heikin Ashi Open, or the Heikin Ashi Close.
Heikin Ashi Low: The lowest of the following: the actual Heikin-Ashi交易图表详解 low, the Heikin Ashi Open, or the Heikin Ashi Close.
This is not an offer or solicitation in any jurisdiction where we are not authorized to do Heikin-Ashi交易图表详解 business or where such offer or solicitation would be contrary to the local laws Heikin-Ashi交易图表详解 and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the Heikin-Ashi交易图表详解 European Union.
Market volatility, volume and system availability may delay account access and trade executions.
Past performance of a security or strategy is no guarantee of future results or investing success.
Trading stocks, options, futures and forex involves speculation, and the risk of loss can be substantial. Clients must consider all relevant risk factors, including their own personal financial situation, before trading. Trading foreign exchange on margin carries a high level of risk, as well as its own unique risk factors.
Options are not suitable for all investors as the special risks inherent to options trading Heikin-Ashi交易图表详解 may expose investors to potentially rapid and substantial losses. Prior to trading options, you should carefully read Characteristics and Risks of Standardized Options.
Spreads, Straddles, and other multiple-leg option orders placed online will incur $0.65 fees per contract on each leg. Orders placed by other means will have additional transaction costs.
Futures and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement prior to trading futures products.
Forex trading involves leverage, carries a high level of risk and is not suitable for all investors. Please read the NFA booklet Trading Forex: What Investors Need to Know prior to trading forex products.
Futures and forex accounts are not protected by the Securities Investor Protection Corporation (SIPC).
Futures, futures options, and forex trading services provided by Charles Schwab Futures & Forex LLC. Trading privileges subject to review and approval. Not all clients Heikin-Ashi交易图表详解 will qualify. Forex accounts are not available to residents of Ohio or Arizona.
Access to real-time market data is conditioned on acceptance of the exchange agreements. Professional access differs and subscription fees may apply. For details, see our Professional Rates & Fees.
Supporting documentation for any claims, comparison, statistics, or other technical data will be supplied upon request. TD Ameritrade does not make recommendations or determine the suitability of any security, strategy or course of action for you through your use of our trading tools. Any investment decision you make in your self-directed account is solely your responsibility.
TD Ameritrade, Inc., member FINRA/SIPC.
TD Ameritrade, Inc., member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2022 Charles Schwab & Co., Inc. All rights reserved.
Heiken Ashi Smoothed EA
The Heiken Ashi EA uses the default Heiken Ashi indicator or the free Heiken Ashi Smoothed indicator to enter a trade.
A buy trade is generated if 1,2 or 3 (according to the entry filter) blue candles follow after a red one. Vice versa for the sell signal.
The pro version does additionally have an exit strategy. It is like the entry filter but the other way round. A buy trade is closed if 1,2 or 3 red candles follow in a row. Vice versa for the sell signal.
Heiken Ashi vs Heiken Ashi Smoothed
While the default Heiken Ashi is not adjustable at all, the Heiken Ashi Smoothed has 4 different input parameters. Unlike the default Heiken Ashi, the Smoothed version is not pre-installed in Metatrader. You first have to put the indicator in the directory MQL4/indicators. The smoothed version is for free and is included in the download files.
Copy the EA file (Heiken Ashi Smoothed EA Basic.ex4) into the MQL4/experts folder
and the indicator file (Heiken Ashi Smoothed.ex4) into the MQL4/indicators folder.
Using the Heikin Ashi Indicator for Determining Market Trends
In this Indicator Spotlight, we’re looking at Heikin Ashi candles (sometimes spelled Heiken Ashi). You may use the Heikin Ashi indicator to determine market trends, identifying short/long biases. Blue candles will show a rising trend, whereas magenta candles indicate a Heikin-Ashi交易图表详解 downtrend. To learn more, watch the video or continue reading below.
Dan Valcu’s Formula:
Heikin Ashi charts are created the same way as a normal candlestick charts, but use modified bar formulas. Specifically, each candle is calculated and plotted using some data from the previous candle.
The OHLC refers to the current bar and the ha-prefix corresponds to the modified Heikin Ashi indicator values. The value haOpen equals the midpoint of the previous body range, and the haClose equals the average price of the current bar. The haHigh, is the highest value of real high (H), modified open (haOpen), and modified close (haClose). The same applies for the low definition, i.e. the lowest value of real low (L), modified open (haOpen), and modified close (haClose).
How to use the Heikin Ashi indicator:
When the haClose is above haOpen, we will see a bullish output (blue candle). Conversely, if the haClose is below haOpen, we will see a bearish output (magenta candle).
Strong up-trends are characterized by long blue bodies with minor lower shadows and conversely for down-trends with long magenta bodies with minor upper shadows. If the bodies decrease in size, one should anticipate a weaker Heikin Ashi indicator trend. A period of consolidation will generally have several small bodies with both long upper and lower shadows. A very small body with tall shadows may be a warning about a possible change of trend.
Smoothed Heikin Ashi
In general, a Heikin Ashi chart will see a smoother output when compared to a traditional candlestick chart and the bars may then be further smoothed with one of over 30 different moving averages.
Smoothed Heikin Ashi
The chart above applies the default SMA for smoothing the Heikin Ashi indicator output. However, you can easily exchange it with the Holt EMA, ADXVMA, Adaptive Laguerre Heikin-Ashi交易图表详解 etc. via the indicator dialogue box.
Primary Bars and Paint Bars
Although the above output looks straightforward and easy to trade, overlaying the primary bars with black for down closes and transparent for up closes shows a different picture.
Smoothed output with primary bars
It is of course important to be aware of the true price Heikin-Ashi交易图表详解 levels in order to understand what’s going on for setting appropriate risk and stop loss levels. A more useful application is therefore simply to use the Heikin Ashi indicator paintbars to display the trend bias on the primary bars as displayed in the chart below.
Paintbars displayed on primary bars
You may display the Heikin Ashi paintbars with all bar types. One may for example display the trend via paintbars on range, volume or renko bars.
The indicator is available for NinjaTrader 8. To review the library version of the Heikin Ashi indicator, please follow the link below:
Other Library Indicators
You may use the Heikin Ashi candles in combination with our NinjaTrader 8 Indicator Library. For example, you may review the Know Sure Thing Heikin-Ashi交易图表详解 indicator from the momentum oscillators category.
Also, you may review the Relative Ranges indicator to identify increasing / decreasing volatility. For example, consider running Opening Range Breakout strategies when cumulated relative ranges are above average and conversely, avoid entries when below. Additionally, you’ll want to make sure that positions are not going agains at key Heikin-Ashi交易图表详解 support / resistance levels. These are available from our Session Tools and Fibonacci Indicators categories, such as the Fibs from the Prior Week.
Heikin-Ashi Candlestick Oscillator V2
If this indicator is broken, please contact us and we will fix it in a flash.