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HACO
Analyzing a candlestick chart gives a quite good idea of what is going on in the
market. Candlestick patterns and the resistance or support from price pivots and
rising or falling gaps together with the use of trend lines are excellent
technical trading tools.
Nevertheless starting a trade and deciding to close a trade, candle after
candle, remains a difficult task. HACO or the "Heikin Ashi Candles Oscillator"
will help you to decide. The heikin ashi candles technique was introduced by Dan
Valcu [2004]. â Using the Heikin-Ashi techniqueâ , Technical Analysis of STOCKS &
COMMODITIES, Volume 22: February 2004.

In this formula I am using the heikin ashi average closing price:

haC
haOpen:=(Ref((O+H+L+C)/4,-1) + PREV)/2;
haC:=((O+H+L+C)/4+haOpen+Max(H,haOpen)+Min(L,haOpen))/4;
This is the HACO digital formula:
HACO
avg:=Input("Up TEMA average: ",1,100,34);
avgdn:=Input("Down TEMA Average: ",1,100,34);
haOpen:=(Ref((O+H+L+C)/4,-1) + PREV)/2;
haC:=((O+H+L+C)/4+haOpen+Max(H,haOpen)+Min(L,haOpen))/4;
TMA1:= Tema(haC,avg);
TMA2:= Tema(TMA1,avg);
Diff:= TMA1 - TMA2;
ZlHa:= TMA1 + Diff;
TMA1:= Tema((H+L)/2,avg);
TMA2:= Tema(TMA1,avg);
Diff:= TMA1 - TMA2;
ZlCl:= TMA1 + Diff;
ZlDif:=ZlCl-ZlHa;
keep1:=Alert(haC>=haOpen,2);
keep2:=ZlDif>=0;
keeping:=(keep1 OR keep2);
keepall:=keeping OR (Ref(keeping,-1) AND (C>=O) OR C>=Ref(C,-1));
keep3:=(Abs(C-O)<(H-L)*.35 AND H>=Ref(L,-1));
utr:=Keepall OR (Ref(keepall,-1) AND keep3);
TMA1:= Tema(haC,avgdn);
TMA2:= Tema(TMA1,avgdn);
Diff:= TMA1 - TMA2;
ZlHa:= TMA1 + Diff;
TMA1:= Tema((H+L)/2,avgdn);
TMA2:= Tema(TMA1,avgdn);
Diff:= TMA1 - TMA2;
ZlCl:= TMA1 + Diff;
ZlDif:=ZlCl-ZlHa;
keep1:=Alert(haC<haOpen,2);
keep2:=ZlDif<0;
keep3:=Abs(C-O)<(H-L)*.35 AND L<=Ref(H,-1);
keeping:=keep1 OR keep2;
keepall:=keeping OR (Ref(keeping,-1) AND (C<O) OR C<Ref(C,-1));
dtr:=If(Keepall OR (Ref(keepall,-1) AND keep3)=1,1,0);
upw:=dtr=0 AND Ref(dtr,-1) AND utr;
dnw:=utr=0 AND Ref(utr,-1) AND dtr;
result:=If(upw,1,If(dnw,0,PREV));
result

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The digital Heikin ashi oscillator super-imposed on the price chart.

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MetaStock Formulas
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Heikin ashi TEMA average crossing
Heikin ashi, Japanese for â average bar,â is a technique used to better visualize
price trends by recalculating the standard candlesticks. This technique was
introduced by Dan Valcu in 2004. The average heikin ashi closing I calculate
dividing the sum of the re-calculated heikin ashi values for open, high, low and
close by 4. You can use a heikin ashi TEMA average smoothed value with a
zero-laging technique, crossing with a TEMA zero-lagging average closing price,
to create fast reliable crossings.

These are the formulas:

SVE_HA_Tema_ZL
avg := Input("Temagemiddelde? ",1,200,55);
haOpen:=(Ref((O+H+L+C)/4,-1) + PREV)/2;
haC:=((O+H+L+C)/4+haOpen+Max(H,haOpen)+Min(L,haOpen))/4;
TMA1:= Tema(haC,avg);
TMA2:= Tema(TMA1,avg);
Diff:= TMA1 - TMA2;
ZlHa:= TMA1 + Diff;
ZlHa
SVE_CloseTema_ZL
avg := Input("TEMA period? ",1,200,55);
TMA1:= Tema((H+L+C)/3,avg);
TMA2:= Tema(TMA1,avg);
Diff:= TMA1 - TMA2;
ZlCl:= TMA1 + Diff;
ZlCl
Special offer: "Capturing Profit with technical Analysis"

heikin ashi tema crossing chart

Buy and sell crossings in CHRW with the zero-lagging TEMA averages.
http://stocata.org/metastock/ha_tema.html