InvestorQ : Why Heikinashi candle shows different data of Open price on a different platform?
KISHOR KHAIRNAR made post

Why Heikinashi candle shows different data of Open price on a different platform?

Answer
user profile image
Purvesh answered.
1 year ago


HeikinAshi or Heiken-Ashi is an extended Japanese candlestick approach and literally means an "average bar" in Japanese. The Heikin-Ashi technique is normally used in conjunction with candlestick charts when to identify market trends and predict future prices. The Heiken Ashi candle actually makes the candlestick charts more readable and trends easier to analyze.

A well-informed trader can use the Heiken Ashi charts to know when to stay in trades while a trend persists but get out when the trend pauses or reverses. This approach is all about making profits when the markets are trending and therefore predicting trends correctly is the key to the success of this approach.

Since Heikanishi uses a more complex formula consisting of open price, close price and mid-point price, these prices differ. Also, some consider the last traded price and some consider the closing price which is the average of the last half hour prices.