Heikin Ashi Volumes

Description

The ProRealTime indicator Heikin Ashi Volumes has the appearance of Heikin Ashi candlesticks obtained from a direct correlation between price and volume. The Heikin Ashi candlestick is calculated using a customizable volumetric coefficient, making the indicator usable in multiple technical analysis functions.

This indicator is very useful because it offers many possibilities:

• it allows to filter the volatility;
• can be used as a trend line, thanks to the variability of the filter;
• can be used as resistance and dynamic support;
• can be combined with your preferred indicators to add Volumes to your analysis.

The multiplicity of tasks that this indicator can perform, makes it suitable for completing any strategy, whether used as a filter or as a signal indicator.

HOW IT WORKS

In the indicator Heikin Ashi Volumes  interface you can select the volumetric coefficient value, which will determine its versatility.

Heikin Hashi indicator’s interface ProRealTIme

Advantages of using the “Heikin Ashi Volumes” indicator

• Easy filtering of the market direction according to exchanged volumes
• can be used as a trend line, thanks to the variability of the filter;
• can be used as resistance and dynamic support;
• can be combined with your preferred indicators to add Volumes to your analysis.
• Compatible with all instruments
• Compatible with all ordinary timeframes and even on tick-charts!
• Compatible with Heikin ashi, Renko, Ticks, Kagi, Three Line Break, and more
• The indicator is completely customizable to suit your own trading style
• Warning: the indicator only works if volume data is available.