hi,
anyone has heiken ashi indicator? I found an article talking about its fomula as below:
The heikin-ashi candlestick technique uses modified open-high-low-close (OHLC) values and displays them as candlesticks. The modified values are computed using these definitions:
• haClose = (O+H+L+C)/4
• haOpen = (haOpen (previous bar) + haClose (previous bar))/2
• haHigh = Maximum(H, haOpen, haClose)
• haLow = Minimum(L, haOpen, haClose)
is this the one everyone uses? if anyone has a working heiken ashi indicator AFL file, please help uploading it or email to me.
thanks a lot
jack