Last updated
Last updated
Note: Price Action (Heikin Ashi) should be used with normal candles loaded on the chart. The algorithm uses these candles to simulate Heiken Ashi candles when predicting trends.
Heiken Ashi candles are based on a formula that averages across the last two periods instead of using the open, high, low, and closing prices used to draw standard candles. Averaging reduces some of the ‘market noise’, creating smoother charts that can be better for observing trends.
The downside is that some price data is lost with averaging, which can may it more difficult to observe volatility.
Specifies the amount of smoothing applied to the Heikin Ashi results. Higher values will make the algorithm less sensitive to fluctuations in price.
Specifies the higher timeframe on which Heikin Ashi candles will be analyzed. If a value other than ‘chart’ is set, this will override the setting in the section.
The Higher Timeframe trailer analyzes macro trends over 1000 candles at the resolution of the current timeframe in TradingView. The maximum lookback period must be considered when selecting a Higher Timeframe. See the section for details.
Specifies the number of adjacent candles that will be impacted by . Higher values will increase the smoothing effect and make the algorithm less sensitive to fluctuations in price.
The Price Action (Heikin Ashi) algorithm determines trend direction with calculations based on the Heikin Ashi candle formula.