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    cTrader Heikin Ashi Indicator

    cTrader Heikin-Ashi Indicator


    Limited Support (Read Me)

    3 review(s) | Add your review
    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.
    Type: cTrader Indicator
    Current version: 1.0.0
    Requires: Windows 7, 10, 11
    Updated: Wednesday, 24 November 2021

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    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

     

    Formula

    • 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.

     

    Learn How to Trade Candlestick Patterns

    If you would like to find out more about candlestick pattern trading then visit our Online Trading Academy.

     

    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.

     

    Join Telegram Community

    You can join a Telegram community and chat with other traders to discuss, share and ask for help.

    Indicator TypeChart Patterns
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    Copyright © 2023 ClickAlgo Limited is a company registered in England and Wales with (Company No. 13117395) Kemp House 160 City Road, London EC1V 2NX


    Charting indicators & cBots used on this site are for the cTrader Desktop platform in which our tools are built on, and cTrader is a registered trademark of Spotware Ltd

    Trading is risky & most day traders lose money. This site & the products & services ClickAlgo offers are for informational & educational purposes only. All content is to be considered hypothetical, selected after the fact, in order to demonstrate our product and should not be construed as financial advice. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results.


    Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.

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