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If Heikin-Ashi is another way to construct candlesticks?
Simply said, why does Metastocks says it is already plotted?
Can Heikin-Ashi not be plotted in MSEOD?
Sent: Monday, June 23, 2008 7:06 PM
Subject: Don't see the Heikin Ashi?
Hi,
I'm trying to duplicate a system thats in S&C May 2008.
pag. 20."The Quest for Reliable Crossovers".
I just build it up as the article explains it, because I want
to understand it .
So I duplicated the two formulas on page 21:
3*Mov(C,10,E)-3*Mov(Mov(C,10,E),10,E)+Mov(Mov(Mov(C,10,E),10,E),10,E)
which is TEMA
haOpen:=(Ref((O+H+L+C)/4,-1) +
PREV)/2;
haC:=((O+H+L+C)/4+haOpen+Max(H,haOpen)+Min(L,haOpen))/4; which is
HEIKIN-ASHI.
THe Indicatorbuilder doesn't mentioned a mistake!
So I made the first Figure (page.21 left) which consist an
EMA and the TEMA and the HEIKIN-ASHI above.
I saw the Ema and the Tema but not the
Heikin-Ashi?
I'm not used to the Heikin-Ashi. So I tried to plot it several
times. MS said the Heikin- Ashi was already plotted.
I changed the backgroundcolor of the window in order to see
it? No change. I thought, maybe the Heikin-Ashi is the same as the normal
EMA (you never know?), but when I deleted the EMA MS said that the Heikin-Ashi
was still there?
What did I do wrong? It must be quit simple but I don't
see it yet?
Pleas help.
Kees Takkenberg
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