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Analyzing a candlestick chart gives a quite good idea of what is going on in the market. Candlestick patterns and the resistance or support from price pivots and rising or falling gaps together with the use of trend lines are excellent technical trading tools. Nevertheless starting a trade and deciding to close a trade, candle after candle, remains a difficult task. HACO or the "Heikin Ashi Candles Oscillator" will help you to decide. The heikin ashi candles technique was introduced by Dan Valcu [2004]. Using the Heikin-Ashi technique , Technical Analysis of STOCKS & COMMODITIES, Volume 22: February 2004.

In this formula I am using the heikin ashi average closing price: haC haOpen:=(Ref((O+H+L+C)/4,-1) + PREV)/2; haC:=((O+H+L+C)/4+haOpen+Max(H,haOpen)+Min(L,haOpen))/4; This is the HACO digital formula: HACO avg:=Input("Up TEMA average: ",1,100,34); avgdn:=Input("Down TEMA Average: ",1,100,34); haOpen:=(Ref((O+H+L+C)/4,-1) + PREV)/2; haC:=((O+H+L+C)/4+haOpen+Max(H,haOpen)+Min(L,haOpen))/4; TMA1:= Tema(haC,avg); TMA2:= Tema(TMA1,avg); Diff:= TMA1 - TMA2; ZlHa:= TMA1 + Diff; TMA1:= Tema((H+L)/2,avg); TMA2:= Tema(TMA1,avg); Diff:= TMA1 - TMA2; ZlCl:= TMA1 + Diff; ZlDif:=ZlCl-ZlHa; keep1:=Alert(haC>=haOpen,2); keep2:=ZlDif>=0; keeping:=(keep1 OR keep2); keepall:=keeping OR (Ref(keeping,-1) AND (C>=O) OR C>=Ref(C,-1)); keep3:=(Abs(C-O)<(H-L)*.35 AND H>=Ref(L,-1)); utr:=Keepall OR (Ref(keepall,-1) AND keep3); TMA1:= Tema(haC,avgdn); TMA2:= Tema(TMA1,avgdn); Diff:= TMA1 - TMA2; ZlHa:= TMA1 + Diff; TMA1:= Tema((H+L)/2,avgdn); TMA2:= Tema(TMA1,avgdn); Diff:= TMA1 - TMA2; ZlCl:= TMA1 + Diff;

ZlDif:=ZlCl-ZlHa; keep1:=Alert(haC<haOpen,2); keep2:=ZlDif<0; keep3:=Abs(C-O)<(H-L)*.35 AND L<=Ref(H,-1); keeping:=keep1 OR keep2; keepall:=keeping OR (Ref(keeping,-1) AND (C<O) OR C<Ref(C,-1)); dtr:=If(Keepall OR (Ref(keepall,-1) AND keep3)=1,1,0); upw:=dtr=0 AND Ref(dtr,-1) AND utr; dnw:=utr=0 AND Ref(utr,-1) AND dtr; result:=If(upw,1,If(dnw,0,PREV)); result Special offer: "Capturing Profit with technical Analysis" The digital Heikin ashi oscillator super-imposed on the price chart. ---------------------------Gadgets powered by Google Stocata Site Latest News March 16: BBS Trading Expert now available with the "BAND INDICATORS" DVD! Watch Youtube BBS video. Read my S&P500 and FOREX EUR/USD weekly forecast with new trading rules and a NEW chart template! BBS Band Break System trading Sylvain Vervoort Band Indicators DVD $199 My book "Capturing Profit with Technical Analysis" Only $79 inclusive 2 bonus DVD's. Follow my forex trades with signal provider BandBreak5. Last Published my "Long Term Trading ETF's" HACOLT in S&C magazine July 2012. NinjaTrader formulas. MetaStock formulas. MetaTrader formulas. WINNER "Favorite Article" in the S&C Readers' Choice Award 2010 and 2011 and finalist in 2012. Thank You! AXIOM business books awards, bronze medal for my book! Thank You! My YouTube videos Sylvain Vervoort SEARCH Stocata Book Store Ttitle, author, item# or ISBN

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MetaStock Formulas HOME Back to MetaStock Formulas Overview Heikin ashi TEMA average crossing Heikin ashi, Japanese for average bar, is a technique used to better visualize price trends by recalculating the standard candlesticks. This technique was introduced by Dan Valcu in 2004. The average heikin ashi closing I calculate dividing the sum of the re-calculated heikin ashi values for open, high, low and close by 4. You can use a heikin ashi TEMA average smoothed value with a zero-laging technique, crossing with a TEMA zero-lagging average closing price, to create fast reliable crossings.

These are the formulas: SVE_HA_Tema_ZL avg := Input("Temagemiddelde? ",1,200,55); haOpen:=(Ref((O+H+L+C)/4,-1) + PREV)/2; haC:=((O+H+L+C)/4+haOpen+Max(H,haOpen)+Min(L,haOpen))/4; TMA1:= Tema(haC,avg); TMA2:= Tema(TMA1,avg); Diff:= TMA1 - TMA2; ZlHa:= TMA1 + Diff; ZlHa SVE_CloseTema_ZL avg := TMA1:= TMA2:= Diff:= ZlCl:= ZlCl Input("TEMA period? ",1,200,55); Tema((H+L+C)/3,avg); Tema(TMA1,avg); TMA1 - TMA2; TMA1 + Diff;

Special offer: "Capturing Profit with technical Analysis" heikin ashi tema crossing chart Buy and sell crossings in CHRW with the zero-lagging TEMA averages. http://stocata.org/metastock/ha_tema.html