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    HeikinAshi CandleStick Formulae For MetaStock

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    Raviteja s
    This document discusses the Heikin Ashi Candles Oscillator (HACO) technical indicator. HACO uses Heikin-Ashi candlestick charts, which recalculate standard candlesticks to better visualize price trends. It then applies two zero-lagging TEMA averages to the Heikin-Ashi closing prices and the standard (Open, High, Low, Close) average to generate buy and sell signals. The formulas to calculate the Heikin-Ashi average closing price and generate the HACO indicator are also provided.

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    HeikinAshi CandleStick Formulae For MetaStock

    Uploaded by

    Raviteja s
    237 views4 pages
    This document discusses the Heikin Ashi Candles Oscillator (HACO) technical indicator. HACO uses Heikin-Ashi candlestick charts, which recalculate standard candlesticks to better visualize price trends. It then applies two zero-lagging TEMA averages to the Heikin-Ashi closing prices and the standard (Open, High, Low, Close) average to generate buy and sell signals. The formulas to calculate the Heikin-Ashi average closing price and generate the HACO indicator are also provided.

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    186057516-HeikinAshi-CandleStick-Formulae-for-MetaStock

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    This document discusses the Heikin Ashi Candles Oscillator (HACO) technical indicator. HACO uses Heikin-Ashi candlestick charts, which recalculate standard candlesticks to better visualize price trends. It then applies two zero-lagging TEMA averages to the Heikin-Ashi closing prices and the standard (Open, High, Low, Close) average to generate buy and sell signals. The formulas to calculate the Heikin-Ashi average closing price and generate the HACO indicator are also provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    237 views4 pages

    HeikinAshi CandleStick Formulae For MetaStock

    Uploaded by

    Raviteja s
    This document discusses the Heikin Ashi Candles Oscillator (HACO) technical indicator. HACO uses Heikin-Ashi candlestick charts, which recalculate standard candlesticks to better visualize price trends. It then applies two zero-lagging TEMA averages to the Heikin-Ashi closing prices and the standard (Open, High, Low, Close) average to generate buy and sell signals. The formulas to calculate the Heikin-Ashi average closing price and generate the HACO indicator are also provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4
    At a glance
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    The passage discusses the Heikin Ashi technique for analyzing candlestick charts and introduces the HACO (Heikin Ashi Candles Oscillator) indicator to help determine when to enter and exit trades.

    The Heikin Ashi technique was introduced in 2004 as a way to better visualize price trends by recalculating standard candlesticks. It involves calculating an 'average bar' using the average of the open, high, low and close prices from the previous period.

    The HACO indicator uses TEMA averages applied to the Heikin Ashi candle values to generate crossover signals. It calculates two TEMA averages - one for upward trends and one for downward trends. When the averages cross, it gives signals to enter or exit positions.

    MetaStock Formulas

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    HACO
    Analyzing a candlestick chart gives a quite good idea of what is going on in the
    market. Candlestick patterns and the resistance or support from price pivots and
    rising or falling gaps together with the use of trend lines are excellent
    technical trading tools.
    Nevertheless starting a trade and deciding to close a trade, candle after
    candle, remains a difficult task. HACO or the "Heikin Ashi Candles Oscillator"
    will help you to decide. The heikin ashi candles technique was introduced by Dan
    Valcu [2004]. â Using the Heikin-Ashi techniqueâ , Technical Analysis of STOCKS &
    COMMODITIES, Volume 22: February 2004.

    In this formula I am using the heikin ashi average closing price:


    haC
    haOpen:=(Ref((O+H+L+C)/4,-1) + PREV)/2;
    haC:=((O+H+L+C)/4+haOpen+Max(H,haOpen)+Min(L,haOpen))/4;
    This is the HACO digital formula:
    HACO
    avg:=Input("Up TEMA average: ",1,100,34);
    avgdn:=Input("Down TEMA Average: ",1,100,34);
    haOpen:=(Ref((O+H+L+C)/4,-1) + PREV)/2;
    haC:=((O+H+L+C)/4+haOpen+Max(H,haOpen)+Min(L,haOpen))/4;
    TMA1:= Tema(haC,avg);
    TMA2:= Tema(TMA1,avg);
    Diff:= TMA1 - TMA2;
    ZlHa:= TMA1 + Diff;
    TMA1:= Tema((H+L)/2,avg);
    TMA2:= Tema(TMA1,avg);
    Diff:= TMA1 - TMA2;
    ZlCl:= TMA1 + Diff;
    ZlDif:=ZlCl-ZlHa;
    keep1:=Alert(haC>=haOpen,2);
    keep2:=ZlDif>=0;
    keeping:=(keep1 OR keep2);
    keepall:=keeping OR (Ref(keeping,-1) AND (C>=O) OR C>=Ref(C,-1));
    keep3:=(Abs(C-O)<(H-L)*.35 AND H>=Ref(L,-1));
    utr:=Keepall OR (Ref(keepall,-1) AND keep3);
    TMA1:= Tema(haC,avgdn);
    TMA2:= Tema(TMA1,avgdn);
    Diff:= TMA1 - TMA2;
    ZlHa:= TMA1 + Diff;
    TMA1:= Tema((H+L)/2,avgdn);
    TMA2:= Tema(TMA1,avgdn);
    Diff:= TMA1 - TMA2;
    ZlCl:= TMA1 + Diff;
    ZlDif:=ZlCl-ZlHa;
    keep1:=Alert(haC<haOpen,2);
    keep2:=ZlDif<0;
    keep3:=Abs(C-O)<(H-L)*.35 AND L<=Ref(H,-1);
    keeping:=keep1 OR keep2;
    keepall:=keeping OR (Ref(keeping,-1) AND (C<O) OR C<Ref(C,-1));
    dtr:=If(Keepall OR (Ref(keepall,-1) AND keep3)=1,1,0);
    upw:=dtr=0 AND Ref(dtr,-1) AND utr;
    dnw:=utr=0 AND Ref(utr,-1) AND dtr;
    result:=If(upw,1,If(dnw,0,PREV));
    result

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    The digital Heikin ashi oscillator super-imposed on the price chart.

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    MetaStock Formulas
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    Heikin ashi TEMA average crossing
    Heikin ashi, Japanese for â average bar,â is a technique used to better visualize
    price trends by recalculating the standard candlesticks. This technique was
    introduced by Dan Valcu in 2004. The average heikin ashi closing I calculate
    dividing the sum of the re-calculated heikin ashi values for open, high, low and
    close by 4. You can use a heikin ashi TEMA average smoothed value with a
    zero-laging technique, crossing with a TEMA zero-lagging average closing price,
    to create fast reliable crossings.

    These are the formulas:


    SVE_HA_Tema_ZL
    avg := Input("Temagemiddelde? ",1,200,55);
    haOpen:=(Ref((O+H+L+C)/4,-1) + PREV)/2;
    haC:=((O+H+L+C)/4+haOpen+Max(H,haOpen)+Min(L,haOpen))/4;
    TMA1:= Tema(haC,avg);
    TMA2:= Tema(TMA1,avg);
    Diff:= TMA1 - TMA2;
    ZlHa:= TMA1 + Diff;
    ZlHa
    SVE_CloseTema_ZL
    avg := Input("TEMA period? ",1,200,55);
    TMA1:= Tema((H+L+C)/3,avg);
    TMA2:= Tema(TMA1,avg);
    Diff:= TMA1 - TMA2;
    ZlCl:= TMA1 + Diff;
    ZlCl
    Special offer: "Capturing Profit with technical Analysis"

    heikin ashi tema crossing chart


    Buy and sell crossings in CHRW with the zero-lagging TEMA averages.
    http://stocata.org/metastock/ha_tema.html

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