Indicators: Dōteki Heikin Ashi (Dynamic Average Leg)

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Automated-Trading
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Automated-Trading  

Dōteki Heikin Ashi (Dynamic Average Leg):

A dynamic version of the standard Heikin Ashi indicator (code compatible with both MQL4 or MQL5).

Dōteki Heikin Ashi (Dynamic Average Leg)

Author: Fernando Carreiro

Dōteki Heikin Ashi (Dynamic Average Foot/Bar)
Dōteki Heikin Ashi (Dynamic Average Foot/Bar)
  • www.mql5.com
The standard Heikin Ashi candle representation has an open value that is equivalent to an Exponential Moving Average (EMA) of the Total Price, of which the alpha value of the EMA is fixed at 0.5 (equivalent to an EMA period of 3.0). In this dynamic version, the period can be changed to whatever value one wishes to use, which also allows one to...
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