Displaying Heikin Ashi Open and Close as Lines
Summary
The indicator presents Heikin Ashi open and close values as two chart lines. Its purpose is to retain the smoother view traders often use to see trends while making the transformed values visible without replacing the underlying price candles. The close is described as a total-price calculation, while the open is derived as a moving average of Heikin Ashi closes. The open line is dotted and the close line is solid.
The document explains the display concept but gives no trading rules, performance evidence, or guidance for interpreting signals. Heikin Ashi values are calculated values, not the actual open and close of each market candle; the indicator therefore does not remove that distinction. It is presented as code compatible with MQL4 and MQL5, and the author notes that users may change the default line color for readability.
Key ideas
- The indicator plots Heikin Ashi open and close values as separate lines.
- The open line is dotted, while the close line is solid.
- Heikin Ashi values are transformed and do not show actual candle prices.
- The document describes chart presentation, not a tested trading strategy.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.