Heikenashi

[nelson]

Ray and all,

The Heikenashi indicator on NT charts looks SO different that on other vendors. This seems especially diveregent where the size of the body is concerned, relative to its enveloping of the wick.

Any comments?\

And does anyone know of a heikenashi app for TS?

[NinjaTrader_Ray]

I can't comment on other vendors but our indicator is based of the specification in the February 04 S&C article.

[nelson]

More please

Ray, can you tell me what difference there is between the plain candlestick style bars and the heikenashi on NT? They look the same to me, only that the black candle stick outlines are gone in the heikenashi.

[NinjaTrader_Dierk]

>> They look the same to me
No, they are not. Just pull up 2 identical chart and throw the HeikenAshi on one and you'll see.

[nelson]

Dierk, that's exactly what I did, and they are the same on my charts. Is there a way I can send you images?

[NinjaTrader_Dierk]

Nelson, I just tried on 2 identical chart and it's clearly different (although slightly).

[nelson]

No, onsecond look, you are correct. Isee some differences. The trouble I am having may be that in comparing NT HA to ESig, they look very different.