Hi there,
See below:
DislikedQuestion about Heiken Ashi bars..... is the highest wick and lowest wick on the bar the highest price and lowest price??? I can't find out much about it.Ignored
DislikedThose Heikin-Ashi candles are still a bit of mystery to me. I’m looking at one right now (1H) it’s red, has no upper shadow and a long lower shadow.
Now, I’m used to regular candes so that to me says price opened and is going down, never went up higher than opening, went down quite a bit and up again and is now at “the close” (bottom) of the cande.
However, that’s not it at all with Heikin Ashi. The current price is actually in the middle of the candle (1/2 and hour or so has passed).
For those tryting to undersand how the HA candles work, here’s some help:
Normal candlestick = OHLC.
Heikin-Ashi =
xClose = (Open+High+Low+Close)/4
Average price of the current bar
xOpen = [xOpen(PreviousBar) + Close(Previous Bar)] /2
Midpoint of the previous bar
xHigh = Max(High, xOpen, xClose)
Highest value in the set
xLow = Min (Low, xOpen, xClose)
Lowest value in the setIgnored