Heikin-Ashi

The Heikin-Ashi chart is plotted with candles like the Candle chart, but they are calculated according to the formulas where the prices are converted into the Heikin Ashi values (see Calculation section below).

Heikin-Ashi chart

Calculation

A new candle opens at the midpoint of the previous candle.

The Heikin-Ashi values are calculated according to the formula:

• Open = (Previous Open + Previous Close) / 2.
• Close = (Close + Open + High + Low) / 4.
• High = The highest of the recent High, or Close values.
• Low = The lowest of the recent Low, Open, or Close values.

Coloring

The Heikin-Ashi candle borders are colored depending on whether the Close price is greater or lower than the Open price of the current aggregation period. The candle body is then color-filled depending on whether the Close price is greater or lower than the Open price of the current aggregation period. The coloring patterns are:

Border

• Close price > Open price - Bull border (green by default)
• Close price < Open price - Bear border (red by default)
• Close price = Open price - Doji (white by default)
  

Body

• Close price > Open price - Bull (green by default)
• Close price < Open price - Bear (red by default)
  

You can select alternative colors for candle body and borders in Settings> Colors.