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Date/Time: Sat, 23 Nov 2024 14:32:57 +0000
[User Discussion] - Need a bit of help understanding Heiken Ashai
View Count: 1538
| [2013-07-19 12:33:40] |
| djcurcio - Posts: 236 |
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I have two ES charts both with Heiken Ashai Smoothed. One chart is 133 Tick. The other chart is Range Per Bar True 5 Ticks. Looking at the time period of 19 July 2013 from 2400 EDT to 0830 EDT. The Range bar chart is all green bars while the Tick chart has both red and green bars. Can you please explain what causes the difference and when the Range Bars change color? Thanks.
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| [2013-07-19 15:56:19] |
| M5amhan - Posts: 468 |
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range bar moves after 5 ticks of range. tick chart will move after 133 ticks (or trades that move price) no matter the range. in the ES 133 tick chart will have lots of bars compared to a 5 range because 133 trades happens a whole lot more than 5 ticks of range does.
Date Time Of Last Edit: 2013-07-19 15:56:49
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| [2013-07-19 16:15:23] |
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Also note that the Heikin-Ashi study alters the data, for the formula please see: https://www.sierrachart.com/index.php?l=doc/doc_TechnicalStudiesReference.html#s138 Sierra Chart Support |
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