The historical data of a financial instrument can be analyzed in the form of the Heikin-Ashi candlestick pattern. Brokers typically do not provide historical data using the Heikin-Ashi candlestick pattern via APIs. Brokers usually provide historical data using the Japanese candlestick pattern, which needs to be converted to the Heikin-Ashi candlestick pattern. A shorter candle interval hints at a localized price movement trend, while a larger candle interval indicates an overall price movement trend. Based on your algorithmic trading strategy, you may need the candle interval to be small or large. A candle interval of 1 minute is often the smallest available candle interval.
The Heikin-Ashi candlestick pattern works as follows:
- Each candle has Close, Open, High, and Low attributes. For each candle, the following occurs:
- Close is calculated as the average of the Open, High, Low, and Close attributes of the current Japanese...
