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Post From: Heikin-Ashi study questions

[2024-07-18 22:30:11] Link To Thread - Link To Post [Go To First Post]
John - SC Support - Posts: 34455
1. We are not sure exactly the question you are asking here, but here are some things we think you may be asking: In the Study Reference, the Heikin-Ashi Close is defined as the following: C_t^(HA) = (O_t + H_t + L_t + C_t) / 4 In where O_t, H_t, L_t, and C_t are the Open, High, Low and Close of the actual underlying bar. So the only way the Heikin-Ashi close is equivalent to the Last of the underlying bar is if the option for "Set Close to Current Price for Last Bar" is set to "Yes" and then only for the current bar (not for previous bars). -- Otherwise, if you are asking if the Heikin-Ashi Last subgraph is always the Heikin-Ashi Close, then the answer is Yes. We use the terms Last and Close interchangeably. 2. It uses the same rules as the main price bars. In this case, if the Open and Close are equal, then it compares the current Open to the previous bar's Close to determine if it is up or down. 3. The Heikin-Ashi subgraph for "OHLC Avg" will nearly never be equal to the Hekin-Ashi Close. The Heikin-Ashi OHLC Average is calculated from the Open/High/Low/Close of the Hekin-Ashi bars (so the Open/High/Low/Close subgraphs of the Heikin-Ashi study). Whereas the Close of the Heikin-Ashi bar is determined from the average of the underlying bar data. See the information given in #1 above. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing