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Technical analysis indicators based on heikin ashi candles
Heikin Ashi is in essence a technical indicator and not a chart type. Because Heikin Ashi looks very much like a chart type and is extremely popular, it is often classified as a chart type. And if you say chart ... you say technical indicators.
This free package is a selection of the most popular technical analysis indicators but calculated on the basis of the Heikin Ashi candles. Hence these indicators use a prefiltered price which should result in smooth indicator values, which give a better impression of the market’s movements.
The following indicators based on Heikin Ashi candles are included:
- Bollinger bands
- Crossing MA
- Moving average
- Exponential moving average
- Weighted moving average
- Slow stochastic
- High-Low channel
- And for fun ... Heikin Ashi on the Heikin Ashi
This example shows the High-Low channel calculated on traditional candlesticks and Heikin Ashi candlesticks.
This free package is available in both NanoTrader Free and NanoTrader Full.
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