Heikin-Ashi candlesticks are derived from Japanese candlesticks. Heikin-Ashi Candlesticks combines the open-close data from the prior period and the open-high-low-close data from the current period to create an alternative candlestick. The purpose is to filters out some noise to better capture the trend.
Heikin-Ashi transforms many traditional candlestick patterns into a trend signal.
Duration 30 minutes.