The Heikin-Ashi technique is an alterntive of charting candle stick bars to show prevailing trends. The Open, High, Low and Close are recomputed as below
HAClose = (Open + High + Low + Close)/4
HAOpen = (Yesterday’s Open + Yesterday’s Close) / 2
HAHigh = Maximum of Today’s High, Open and Close
HALow = Minimum of Today’s High, Open and Close
The down days are represented by shaded bars, while the up days are the empty bars.
[ Pending Further Update ]
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