Different Candle Types – Heiken Ashi

• 04/17/2016 at 7:51 PM #5533
  deletedaccount14122020

  I’ve recently become interested in Heiken Ashi candlesticks and I have been experimenting in ProRealTime by changing the candlestick type on my chart. I’m hoping for some confirmation on this subject. My trading system is based upon MA crossovers and when I switch the chart between normal candlesticks and Heiken Ashi the crossovers can be different, I my have an instance of a crossover not happening at all on one chart but crossing on the other. When I run ProBackTests on the different chart types however I always get the same value results. I am therefore assuming that ProRealTime always uses standard type candlesticks in it’s ProOrder calculations, is this correct.

  In the example screen shots of the same chart you will see the different result on 17th March between standard and Haiken Ashi.

  

  deletedaccount14122020

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  04/17/2016 at 9:01 PM #5538
  deletedaccount14122020

  Hi Nicolas,

  I’ve answered my own question having thought more about this. The Heikin Ashi opening and closing values are in fact moving averages of their own and not the actual real prices which the standard candlesticks are and which are used by ProOrder. I can see how I could program the Heikin Ashi calculations into my system and I will look at this soon.

  For information these are the calculations:

  1. The Heikin-Ashi Close is simply an average of the open,

  high, low and close for the current period.

  HA-Close = (Open(0) + High(0) + Low(0) + Close(0)) / 4

  2. The Heikin-Ashi Open is the average of the prior Heikin-Ashi

  candlestick open plus the close of the prior Heikin-Ashi candlestick.

  HA-Open = (HA-Open(-1) + HA-Close(-1)) / 2

  3. The Heikin-Ashi High is the maximum of three data points:

  the current period’s high, the current Heikin-Ashi

  candlestick open or the current Heikin-Ashi candlestick close.

  HA-High = Maximum of the High(0), HA-Open(0) or HA-Close(0)

  4. The Heikin-Ashi low is the minimum of three data points:

  the current period’s low, the current Heikin-Ashi

  candlestick open or the current Heikin-Ashi candlestick close.

  HA-Low = Minimum of the Low(0), HA-Open(0) or HA-Close(0)

  

  deletedaccount14122020

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  04/18/2016 at 6:09 PM #5596
  Davex770

  hi

  i know this problem since long time. actualy the prorealtime platforme use only the OHLC of the regular candelstick and price to detect and interpret the signals.

  the solution are simple like you mentioned to write your own  indicator for this and use the parameters of the  HA .

  

  Davex770

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