---

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.

Usage

Here's a variation of the Heikin Ashi Indicator technique that looks more like a time line than a powerful indicator... but don't let looks fool you! This variation of the indicator is very, very powerful! It allows for the use of the Heikin Ashi techniques, without having to replace your candlesticks. Just look for the color changes in the indicator, and you know that you've changed trends. The original author (who's name is unknown) claims that this version of the Heikin Ashi Indicator works best on longer time frames, such as weekly and monthly, but I've used it in minute charts, and have had great success as well, though more choppy, as you can see in the images.

Downloads

Downdload Heikin Ashi Variation for TradeStation (ELD and Workspace)

Happy Trading!

---

Summary

This is the Heikin Ashi Indicator for TradeStation (ELD and Workspace included). If you aren't familiar with the Heikin Ashi Indicator, then take a look at the comparison screen shots that I have below. The upper chart has the Heikin Ashi Indicator applied to it, while the lower chart is a standard candlestick chart. For more information on the Heikin Ashi Indicator check out either this Investopedia Article or this Investopedia Definition

Screen Shots

Usage

The Heikin Ashi Indicator is used by technical traders to identify a given trend more easily. The Heikin Ashi technique should be used in combination with standard candlestick charts, as well as other indicators, to provide the technical trader the information needed to make a profitable trade.

Downloads

TradeStation Heikin Ashi Indicator (ELD and WorkSpace)

Happy Trading!