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Metastock formulas heikin ashi candles oscillator
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Average heikin ashi closing price eSignal
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Heikin ashi, Japanese for “average bar”, is a technique using a special kind of candle stick bars for
The Kirk Report
better visualizing price trends. This technique has been introduced by Dan Valcu in the February
The Simple Dollar
2004 issue of Stocks & Commodities magazine.
The original calculation of the heikin ashi candle stick is as follows:
xClose = (Open+High+Low+Close)/4; or the average price of the current bar
xOpen = [xOpen(Previous Bar) + Close(Previous Bar)]/2; or the midpoint of the previous bar Red Tag Sale
xHigh = Max(High, xOpen, xClose); the highest value in the set
xLow = Min(Low, xOpen, xClose); the lowest value in the set Find a Stock ticker symbol,
enter the ticker and find a
However, since the xClose component is always less than or equal to the High component, it is chart, news, fundamentals
redundant within the MAX function of xHigh and a modified xHigh can be defined as: and historical quotes.
modified xHigh = Max(High, xOpen);
The same reasoning is valid for the xLow function: Find Stock Ticker
modified xLow = Min(Low, xOpen);
Enter Ticker Symbol:
Next I calculate the average heikin ashi closing price as the result of: Reset
(xClose+xOpen+xHigh+xLow)/4
Chart & News
You can use the following MetaStock® formula to calculate Fundamentals
the heikin ashi closing price (SVE_haC):
Historical Quotes
haOpen:=(Ref((O+H+L+C)/4,-1) + PREV)/2;
haClose:=((O+H+L+C)/4+haOpen+Max(H,haOpen)+Min(L,haOpen))/4;
haClose
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The heikin ashi average colsing prices compared to the real closing prices.
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Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial
investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only
those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no
representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences
between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical
performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no
hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a
particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors
related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical
performance results and all which can adversely affect trading results.

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