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Heikin-Ashi Technique and NMA aka NRTR Trading system Posted: 26 Jan 2010 09:44 AM PST NMA(Nick Moving Average) alias NRTR(Nick Rypock Trailing Reverse Trading system) uses Heikin-Ashi Technique. Heikin-Ashi is a type of candlestick chart that shares many characteristics with standard candlestick charts, but differs because of the values used to create each bar. Instead of using the open-high-low-close (OHLC) bars like standard candlestick charts, the Heikin-Ashi technique uses a modified formula: Close = (Open+High+Low+Close)/4 Open = [Open (previous bar) + Close (previous bar)]/2 High = Max (High,Open,Close) Low = Min (Low,Open, Close) The above formula can be achieved by the following afl code HACLOSE=(O+H+L+C)/4; HaOpen = AMA( Ref( HaClose,  -1 ),  0.5 ); HaHigh = Max( H,  Max( HaClose,  HaOpen ) ); HaLow = Min( L,  Min( HaClose,  HaOpen ) ); Chart for Nifty NMA Daily charts shown above Source: www.marketcalls.in

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