Heikin Ashi Charts on TradingView: Tutorial

Welcome to our Heikin Ashi Charts tutorial on TradingView! In this video, we dive deep into understanding Heikin Ashi candlesticks, a unique charting technique that offers a clearer depiction of trends and reversals in the market by showcasing each candle/bar as an average price rather than the literal price.

Here's the exact formula for each candle construction:

Open = (Previous Open + Previous Close) / 2.
In regular candles, the open level is at the close of the previous candle (if there is no gap in the market). In Heikin Ashi, a new candlestick opens at the middle level, between the opening and closing of the previous one.
Close = (Close + Open + High + Low) / 4.
Average value between low, high, open and close of the current candle.
High = The highest value of a recent high, open, or close.
Low = The lowest value of the recent low, open or close.

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