Heikin-Ashi is a modified candlestick charting technique used in technical analysis to highlight the underlying trend of an asset. Instead of plotting raw prices, it uses averages based on the previous period's data; fittingly, the name is Japanese for "average bar."
The technique is traditionally credited to Munehisa Homma, an 18th-century Japanese rice trader from Sakata and the legendary figure also said to have fathered candlestick charting itself. Trading at the Dojima Rice Exchange in Osaka, Homma built a fortune by reading the psychology of the market, making "average bar" charting one of the oldest tricks in the technical-analysis book.
Open Settings, find the Candles option, and switch it from Standard to Heikin Ashi. Your choice is saved and applies to the chart instantly.
Strong uptrend: consecutive green candles with no lower wicks.
Strong downtrend: consecutive red candles with no upper wicks.
Pro: excellent for cutting through chart choppiness and helping you hold winning trades during a clear trend.
Con: because the candles use averaged values, the Heikin-Ashi price will not match the actual, real-time market price.
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