What is Heikin Ashi?
Heikin Ashi is a type of trading chart that originated in Japan. It’s similar to candlestick charts in that the color of the candlestick denotes the direction the price is moving.
The main difference between traditional candlestick charts and Heikin Ashi (HA) charts is that HA charts show an average of price movement, creating a smoother appearance. Because the HA price bars are averaged, they don’t show the exact open and close prices for a particular time period.
How Can I Use It?
Tradingview does not offer the Heikin Ashi (HA) as an indicator on their software, so we developed our own custom HA that can added to be Tradingview charts. Our version was developed to have a lower tolerance for change so identifying the trend is slightly easier than the normal version.
We’re giving away the indicator for free as an added bonus to all members who purchase our “1-Year Elite Package. If you decide to join us, you’ll receive a confirmation email with your access links and setup instructions on how to add it to your charts. If you get lost you can always ask our mentor team!
We do not recommend anyone base their strategy on indicators. This indicator is not a “magic tool” that will make you win all of your trades. This tool simply smooths price activity by calculating average values, making it easier to identify trend direction. We use indicators very lightly in our strategies and recommend that you make trades based on your own strategies, not an indicator.