Hello,
I want to write my Heiken i attentive, I wish to know when the Heiken i's pub change color on all of the time frames at the same time.
But first off I'm struggling to Compute the Heiken i Values. Here is the formula:
Description: Heikin i charts calculate their open (HAO), high (HAH), non (HAL), and close (HAC), utilizing the actual open (O), high (H), low (L), and close (C), of that time frame (e.g. the open, high, low, and close, of every five minues).
Calculation:
HAO = (HAO-1 HAC-1) / two
HAC = (O H L C) / 4
HAH = Maximum(H, HAO, HAC)
HAL = Nasty(L, HAO, HAC)
Now, the problem is the next. To calculate the HAO the HAO is needed by you. The HAO is calculated by the the prior previous HAO is needed by you. What's the HAO worth?
I'm not sure if I understand this properly please help me out.
Thanks!