Heikin-Ashi Smoothed
Posted: Sun Apr 11, 2010 8:14 pm
The Heikin-Ashi smoothed indicator is similar to the regular Heikin-Ashi, but:
a) uses the smoothed open, close, high and low prices
b) smooths the candles
So, formula of the indicator is:
open = MVA(MVA(OPEN, N1)[-1] + MVA(CLOSE, N1) / 2, N2)
close = MVA(MVA(OPEN, N1) + MVA(CLOSE, N1) + MVA(HIGH, N1) + MVA(LOW, N1)/ 2, N2)
high = MAX(open, close, MVA(HIGH, N1), N2)
low = MIN(open, close, MVA(LOW, N1), N2)
By default, the indicator hides the source data and is shown instead of the source.
To show the both, source data and Heikin-Ashi chart:
1) Uncheck "Hide Source" on the "Data Source" tab of the indicator properties.
2) Check "Show indicator/oscillator in an new area..." on the "Location" tab of the indicator properties.
As the standard HA indicator, the HASM indicator result is a regular bar source, so you can apply any existing indicator on it.
Indicator will show the current direction of Heikin-Ashi Smoothed indicator for all selected time frames and currency pairs.
Active Cross is graphically presented.
A similar indicator can be found here.
viewtopic.php?f=17&t=63347&p=105655#p105655
The indicator was revised and updated