Heikin Ashi is a type of candlestick chart that uses a modified formula to calculate the open, close, high, and low values of each bar or candle.
Open = (Previous Open + Previous Close) / 2
Close = (Open + High + Low + Close) / 4
High = Maximum of High, Open, or Close
Low = Minimum of Low, Open, or Close
This video helps Traders and Investors with step-by-step preparation of Heikin Ashi Candlestick Screener along with formulas. With one time effort, Traders and Investors can prepare their own Screener in Google Sheets to filter stocks based on Hekin Ashi Candlestick formation (Green/Red) on daily time frame. This will help Traders and Investors who do not wish to download screening apps which contain a lot of ads unless subscribed to paid plans.
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MOVING AVERAGE: According to Investopedia, A moving average (MA) is a stock indicator commonly used in technical analysis. The moving average helps to level the price data over a specified period by creating a constantly updated average price. A simple moving average (SMA) is a calculation that takes the arithmetic mean of a given set of prices over a specific number of days in the past. In this video, Traders and Investors will learn step-by-step preparation of Stock Selection with 20 and 50 day Simple Moving Averages Screener along with formulas. With one time effort, Traders and Investors can prepare their own Screener to check the status of various stocks which are trending up/down to take informed decisions. This will help traders who do not wish to download screening apps which contain a lot of ads unless subscribed to paid plans.
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