Heikin Ashi

The Heikin Ashi as presented by Dan Valcu and Sylvain Vervoort
The indicator displays Heikin-Ashi bars which were originally developed by Dan Valcu and presented in the article ‘Using Heikin-Ashi Technique’ in the February 2004 issue of the TASC magazine. A modified version of the Heikin-Ashi bars was later suggested by Sylvain Vervoort in ‘The quest for reliable Crossovers’ which was published in the May 2008 issue of the TASC magazine.

Indicator Description

The Heikin-Ashi indicator (sometimes spelled Heiken Ashi) is used for determining market trends, identifying short/long biases. Heikin-Ashi charts are created the same way as a normal candlestick charts, but use modified bar formulas. Specifically, each candle is calculated and plotted using some data from the previous candle.

The indicator allows for displaying both Dan Valcu’s and Sylvain Vervoort’s versions of the Heikin-Ashi bars. The bars may then be further smoothed with one of over 30 different moving averages.

The indicator is available for NinjaTrader 8.