Summary This is a cute little indicator that calculates the connecting close from one day to the next in a close-only chart. Screen Shots

Summary Screen Shots The Heikin Ashi indicator is a technique that modifies the candlesticks that you would normally use to base your decisions on, as well as has it’s own set of rules and techniques for interpreting the Heikin Ashi indicator. Included below is the ELD file and a sample workspace for TradeStation.