Heiken Ashi comes from the Japanese term 'Heikin Ashi', meaning average bar. The Heiken Ashi indicator modifies how price values are displayed on a chart.

1. HEIKEN-ASHI

2. CONTENTS
Understanding Heiken-Ashi
Heiken-Ashi Formula
Heiken-Ashi Charts

3. UNDERSTANDING HEIKEN-ASHI
 Heiken-Ashi(also spelled as Heikin-Ashi) means "Average pace" in
Japanese.
 Filters out some noise in an effort to better capture the trend.
 Heiken-Ashi can be used to identify trending periods, potential
reversal points and classic technical analysis patterns.

4. HEIKEN-ASHI FORMULA
CHART CALCULATIONS
HEIKEN-ASHI OPEN
HEIKEN-ASHI CLOSE
HEIKEN-ASHI HIGH
HEIKEN-ASHI LOW

5. HEIKEN-ASHI OPEN
 Heiken-Ashi Open = (Previous Open + Previous Close)/2
 The open is mid previous candle

6. HEIKEN-ASHI CLOSE
 Heiken-Ashi Close = (Open + Close + High + Low)/4
 The average price of the current candle

7. HEIKEN-ASHI HIGH
 Heiken-Ashi High = Maximum(HA Open, HA Close, High)

8. HEIKEN-ASHI LOW
 Heiken-Ashi Low = Minimum(HA Open, HA Close, Low)

10. UNDERSTANDING HEIKEN-ASHI CHARTS
 Heiken-Ashi green candles with no lower shadows indicate strong
uptrend.
 Heiken-Ashi red candles with no upper shadows indicate strong
downtrend.
 Heiken-Ashi small candles with upper and bottom shadows
indicates weakening of trend or possible trend change.

11. THANK YOU