Technical Studies Reference
The Heikin-Ashi Smoothed study is based upon the standard Heikin-Ashi study with additional moving average calculations. The following is the calculation formula for the bars:
- The current bar Open, High, Low, Close values are smoothed individually by using the moving average type specified by the Moving Average Type 1 Input with a length/period specified by the Moving Average Period 1 Input.
- The Heikin-Ashi bar Open, High, Low, Close values are set using the smoothed values from step 1. This is performed using the standard Heikin-Ashi formula.
- The final Heikin-Ashi Open, High, Low, Close values are calculated by doing a second smoothing of the bar values from step 2 by using the moving average type specified by the Moving Average Type 2 Input with a length/period specified by the Moving Average Period 2 Input.
If you want to view the Heikin-Ashi Smoothed study as the main price graph and replace the existing chart bars, then open the Study Settings window for the Heikin-Ashi study and enable the Display As Main Price Graph option.
- Moving Average Type 1
- Moving Average Period 1
- Moving Average Type 2
- Moving Average Period 2
- Set Close to Current Price for Last Bar: If this Input is set to Yes, the last/close price of the last Heikin-Ashi bar is set to the current last trade price in the chart. Otherwise, the last/close price on the last Heikin-Ashi bar is a calculated value and does not represent the true current last trade price.
*Last modified Friday, 21st April, 2017.