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Published:

2018.07.09 13:21

haOpen.mq5 (6.73 KB) view

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Indicator Heikin-Ashi Open displays in a separate window the lines of opening and closing Heikin-Ashi candlesticks.

Intersections of the indicator lines may be signals for opening/closing the positions. It can be used together with indicator haDifference.

The indicator has no configurable options.

Calculation:

HAOpen = (PrevHAOpen + PrevHAClose) / 2.0

HAClose = (Open + High + Low + Close) / 4.0

where:

Fig 1. Indicator Heikin-Ashi Open

Fig. 2. Indicator Heikin-Ashi Open in combination with Heikin-Ashi Difference

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21037

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haOpen - indicator for MetaTrader 5