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Heikin-Ashi

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Alchemy Heikin-Ashi Indicator

The Heikin-Ashi chart looks like the candlestick chart but the method of calculation and plotting of the candles on the Heikin-Ashi chart is different from the candlestick chart. In candlestick charts, each candlestick shows four different numbers: Open, Close, High and Low price and each candlestick is independent and has no relation with the previous candlestick. But Heikin-Ashi candles are different and each candle is calculated and plotted using some information from the previous candle. Heikin-Ashi candle is a good indicator for volatile instruments because it prevents us from rushing and making mistakes and trading against the market. Additionally to the standard Heikin-Ashi calculation, the Alchemy Heikin-Ashi indicator contains a smoothing feature to filter out some of the market noise.

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Heikin-Ashi Indicator

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Engulfment & Reversal

Fibonacci Retracements

Floor Traders Mid Points

Floor Traders Pivot Points

Gap

High Low Mid Points

Intraday Time Zones

MACD Signal Line-%Ds Hook

Multiple Moving Averages Crossover

Open/High/Low/Close

Overbought/Oversold

Rolling Floor Traders Pivot Points

Strong Trend

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IMPORTANT INFORMATION:
Government regulations require disclosure of the fact that past performance, whether actual or indicated by historical tests of strategies or indicator methods, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options futures or forex); therefore, you should not invest or risk money that you cannot afford to lose. Any advisory or signal generated by Trading Alchemy indicators or strategies is provided for educational purposes only and any trades placed upon reliance on Trading Alchemy indicators or strategies are taken at your own risk for your own account. Consult your broker or advisor prior to making any investment decisions. The information made available on this Website is not an offer to buy or sell securities, securities derivative, futures products or off-exchange foreign currency (forex) transactions of any kind. All proprietary technology of Trading Alchemy indicators and strategies is owned by Alchemy Trading Technologies, Inc.