@rick64 - There will be a difference between HA bars or candles from normal candles -
the formula for a Heiken - Ashi candle is
Open = (open of previous bar + close of previous bar)/2
Close = (open + high + low + close)/4
High = the maximum value from the high, open, or close of the current period
Low = the minimum value from the low, open, or close of the current period
So i'ts going to be vastly different from "naked" candles and you have to decide when and where to use either. HA is good for longer term trends and ordinary bars let you see every move. HA is also great for seeing support/resistance levels but you have to decide what to miss out on in choosing which one to use.
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- Day Trader’s Aftermarket Lounge 28 Oct 2020
@rick64 - There will be a difference between HA bars or candles...
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