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Heiken Ashi Candles Combined with Moving Averages

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Summary

This note describes a candlestick-style technical indicator based on the Heiken Ashi method and two averages. It presents the tool as a way to display price information through transformed candles, combining the smoothing associated with Heiken Ashi calculations with moving-average inputs. The document also notes that its implementation relies on a shared smoothing library, whose classes must be available to the trading platform.

The description does not explain the formulas, settings for either average, candle-color rules, or how to turn the display into entry and exit decisions. It gives no chart examples beyond a figure reference, and reports no backtest or other performance evidence. The indicator’s behavior and usefulness therefore cannot be evaluated from this brief note alone; assessing it would require the implementation details and testing across relevant instruments and market conditions.

Key ideas

  • The indicator presents candlesticks built from Heiken Ashi calculations and two averages.
  • Its implementation depends on a smoothing library.
  • The note does not specify the averaging formulas or signal rules.
  • No tests or performance results are provided.

Tags

Technical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.