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Heikin Ashi

This is a type of candlestick. And is used to see trends more easily.

Example

Haiken Ashi:

Normal candles:

Interpretation

The Heikin Ashi candlestick chart is used to identify trends more easiy.

White or green candles without a lower wick or shadow indicates a strong up trend.
Black or red candles without a higher wick or shadowindicate a very strong down trend.

Calculation

Close = (Open+High+Low+Close)/4
Open = [Open (previous bar) + Close (previous bar)]/2
High = Max (High,Open,Close)
Low = Min (Low,Open, Close)

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