Displaying Heikin-Ashi Open and Close as Lines
Summary
This indicator presents Heikin-Ashi values as two lines on a chart: a dotted line for the open and a solid line for the close. The motivation is that Heikin-Ashi charts can make trends look clearer by reducing visual noise, while their displayed candle values differ from the underlying market’s true bar values, especially the close. Separating the Heikin-Ashi open and close into lines lets users view those calculated values alongside the actual bars or candles.
The description characterizes the Heikin-Ashi close as an applied total-price value and the open as a moving average of close values, but does not provide the exact calculation or a trading rule based on the lines. It is a display indicator rather than evidence for a strategy; no performance tests or signal evaluation are reported. Users can change the default gray line color to improve contrast with their chart background. The source is described as compatible with both MQL4 and MQL5.
Key ideas
- The indicator draws Heikin-Ashi open and close values as separate chart lines.
- The close is shown as a solid line and the open as a dotted line.
- Heikin-Ashi values can differ from the true bar values, particularly the close.
- The indicator changes chart presentation and does not specify a trading signal or tested strategy.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.