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PROTECTED SOURCE SCRIPT

Modified Heikin Ashi Candles

By Lemrin
This study optionally modifies the Heikin Ashi (HA) open and HA close values.
  • HA open is traditionally equal to the mean of the previous HA candle's open and close values, but this modification shifts the HA open in the direction of a trend (more precisely, in the direction of and proportional to the 1-bar change in HA close).
  • HA close is traditionally equal to ohlc4, but this modification bases it on hlc3, improving dynamic sensitivity.

V17: Initial release.
Candlestick Analysisheikinashi

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Lemrin

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