If you're looking to enhance your trading strategy, the Heiken Ashi indicator is a powerful tool that can help smooth out price action and give you clearer market signals. This versatile indicator can be displayed as either bars or candles, depending on your preferences.
With the Heiken Ashi bars (see Figure 1 below), you can easily visualize trends and reversals. Additionally, you can also plot standard price bars (or candles) that are colored to reflect Heiken Ashi values (see Figure 2 for reference).
Figure 1. Heiken Ashi Bars
Figure 2. Price Bars Painted as Heiken Ashi Bars
- Variant - Choose between Heiken Ashi bars or standard price bars (candles);
- Type - Select your drawing type: bars or candles;
- MAPeriod - Set the MA period;
- MAMethod - Choose the MA method;
- SmPeriod - Define the smoothing period;
- SmMethod - Select the smoothing method.
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