New! Stock Portfolio Organizer is now available:
  • Shares, Margin, Futures and Forex
  • EOD and Realtime data
  • And Much More...
GoTo Stock Portfolio Organizer

Contribute

Contribute an indicator to the library by clicking here. Note you must be logged in.

Sponsors

Popular Indicators

Heikin Ashi Trading System for Amibroker (AFL)

2 / 5 (Votes 3)

Heikin-Ashi is a trend visualization technique based on Japanese candlestick charting. In-fact, Heikin-Ashi is also a type of candlestick, whose OHLC value differs from the traditional candlesticks. In Japanese, Heikin means “average” and “ashi” means “pace” .Taken together, Heikin-Ashi represents the average-pace of prices. Heikin-Ashi Candlesticks use the open-close data from the prior period and the open-high-low-close data from the current period to create a combo candlestick.

You can read more about this trading system and download the detailed backtest report here.

Here is a screenshot of how the indicator looks:
Heikin_ashi_afl

Similar Formulas

Formula

0 Comments

Please login here to leave a comment.

Main Menu

Indicators

Sponsors