Heiken Ashi - first bar?

Discussion in 'Technical Analysis' started by c.chugani, Aug 2, 2008.

  1. I'm trying to construct these bars with excel.

    I'm having a problem calculating the FIRST bar in a series though. How do you come up with the OHLC values for the FIRST bar if you don't have a previous bar for reference?

    The formula for Heiken Ashi is as follows:

    xClose = (Open+High+Low+Close)/4
    o Average price of the current bar

    xOpen = [xOpen(Previous Bar) + Close(Previous Bar)]/2
    o Midpoint of the previous bar

    xHigh = Max(High, xOpen, xClose)
    o Highest value in the set

    xLow = Min(Low, xOpen, xClose)
    o Lowest value in the set

    Am I missing something here?

    Thanks for any help in advance.
  2. 37 views.. yet no one knows how to calculate this indicator?
  3. Maybe skip the first bar. Kind of like how if you have a 10 period MA you don't get any MA value for the first 9 bars.