Average price bar (Averagin Heikin Ashi Candle)
I have seen many request of smooth heikin Ashi Candle but I am not sure that it will be calculated as per below. So I am creating new request.
It is called average price bar which is modified version of heikin ashi. Indicator has been developed by Compassfx and available for free.It calculated candle High Low Open Close as per below.
– haClose = (Open + High + Low + Close) / 4
– haOpen = (haOpen(previous bar) + haClose(previous bar))/2
– haHigh = Maximum(High, haOpen)
– haLow = Minimum(Low,haOpen)
- Ha is heikin ashi
If this can be developed in mobile then Trade interceptor will be only one mobile platform which shows this candles.