HEIKINASHI

Heikin-Ashi charts are time series charts that resemble candle charts. In a normal candle chart, each candle is calculated independent of the other candles. However in Heikin-Ashi charts, the candles appear to link together as a consequence of how they are calculated. The candles are calculated as such:

• Open = the mean of the previous open and the previous close
• Close = the mean of the current open, close, high, and low
• High = the maximum of the current high, open and close
• High = the maximum of the current high, open and close