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Can anyone code Heikin-Ashi Candlesticks in Metastock?
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) The "open," "high," "low," and "close" referred to are of the current bar. The prefix
ha- indicates the corresponding heikin-ashi modified values
Thanks, Brett
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