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    cTrader Heikin-Ashi Indicator

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    This version of the Heikin-Ashi indicator for the cTrader platform automatically hides the standard chart type and allows you to choose the bullish and bearish colours. The Heikin Ashi indicator can show trends that are easier to analyze than normal chart types, traders can use it as a signal to keep positions open while a trend continues and to close the position when the trend reverses.
    (OS) Type: Windows & Mac OS Compatible
    Current version: 1.0.0
    Updated: Wednesday, 24 November 2021
    Author: ClickAlgo Team

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    cTrader Software

    The Heikin Ashi is a type of charting candlestick that originated in Japan in the 18th century by Munehisa Homma who was a rice trader, it is similar to other candlestick charts in that the colour of the candlestick indicates the direction the price is moving. It is very similar to a standard bar chart where each candlestick describes 4 important bits of information for the day which are open & close of the body thickness and high & low of the candlestick wicks. 


    cTrader Heikin-Ashi Candlestick Indicator



    • Low = minimum of low, the Heiken-Ashi Open, or the Close 
    • Open = (Open of previous Haiken-Ashi + Close of previous Heiken-Ashi) / 2
    • Close = (open + real high + low + close) / 4
    • High = maximum of the high, the Heiken-Ashi Open, or the Close


    How Is This Indicator Different?

    This version of the Heikin-Ashi indicator differs from what is already available on the internet where the existing type of chart view is automatically hidden so you only see the Heikin-Ashi bars, also, you can select any colour for the bars.


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    Video Overview

    This is a quick video to help you see what the indicators look like before you download and install them.

    * Video length: 4-minutes


    cTrader Heikin-Ashi Indicator Video


    How To Install

    First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.


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