Heiken-Ashi - indicator for MetaTrader 5

Heiken-Ashi - indicator for MetaTrader 5

The Heiken-Ashi indicator looks like the candlestick chart, but it has some difference. Instead of the use of the standard OHLC values for candles, it uses another formulas: Close = (Open+High+Low+Close)/4 Open = [Open (previous bar) + Close (previous bar)]/2 High = Max (High,Open,Close) Low = Min (Low,Open, Close) in other words, the indicator shows the "synthetic" candlesticks, which are different from the standard. Image: Heiken Ashi