HaDelta: Heiken Ashi Momentum from Open-Close Differences
Summary
HaDelta is presented as a momentum indicator built from Heiken Ashi candlesticks. The document explains that Heiken Ashi began as a graphical aid alongside standard price charts and later developed into a candlestick method of its own. HaDelta uses the difference between Heiken Ashi opening and closing prices as its input, making the transformed candle series the basis for momentum analysis.
The text provides conceptual background and notes that its MetaTrader implementation depends on a separate smoothing-algorithms library. It gives no calculation parameters, trading rules, performance evidence, or comparison with momentum measures based on ordinary prices. As a result, it explains the indicator’s input and purpose but does not establish how it should be interpreted or whether it offers an advantage in live trading.
Key ideas
- HaDelta is described as a momentum indicator using Heiken Ashi data.
- Its input is based on the difference between Heiken Ashi opening and closing prices.
- Heiken Ashi developed from a charting aid into a distinct candlestick representation.
- The implementation references a separate smoothing library, but no trading rules or performance evidence are provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.