Heiken Ashi Smoothed Bar Type

The Heiken Ashi Smoothed Bar Type is a variation of the standard Heiken Ashi candlesticks. It uses a moving average or smoothing algorithm to calculate the open, high, low, and close prices. This bar type reduces market noise, making trends more visually apparent and helping traders identify long-term trends by filtering out short-term fluctuations.
Manufacturer: nt8indicators
SKU: HAS
$19.90

How It Works:

  1. Smoothed Data: The open, high, low, and close values are calculated using smoothing techniques, often by applying a moving average over Heiken Ashi values.
  2. Trend Clarity: The smoothed bars remove the choppiness of raw price action, providing a clearer trend direction.
  3. Better Visual Representation: This helps traders in making decisions by providing less volatile and visually smoother bars.

Formula for Smoothed Heiken Ashi:

  • Close(Open + High + Low + Close) / 4 (smoothed)
  • Open(Previous Open + Previous Close) / 2 (smoothed)
  • HighMax(High, Open, Close) (smoothed)
  • LowMin(Low, Open, Close) (smoothed)

These smoothed values are calculated recursively, and the level of smoothing depends on the period of the moving average used.

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