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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

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