Heikin-Ashi Technique:
Close = (Open+High+Low+Close)/4
Open = [Open (previous bar) + Close (previous bar)]/2
High = Max (High,Open,Close)
Low = Min (Low,Open, Close)
but
new close is always <= original high
so new high can be rewritten as Max(High,Open) without need for Close input
am i right?
the same about Low def.
Close = (Open+High+Low+Close)/4
Open = [Open (previous bar) + Close (previous bar)]/2
High = Max (High,Open,Close)
Low = Min (Low,Open, Close)
but
new close is always <= original high
so new high can be rewritten as Max(High,Open) without need for Close input
am i right?
the same about Low def.