v0.8.6: update indicator docs, ndepend tooling, ALMA refactor, gitignore cleanup

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Miha Kralj
2026-03-13 13:46:52 -07:00
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- HA transforms standard OHLC bars into smoothed Heikin-Ashi candles by averaging each component with its predecessor.
- No configurable parameters; computation is stateless per bar.
- Output range: Varies (see docs).
- Requires `1` bars of warmup before first valid output (IsHot = true).
- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
HA transforms standard OHLC bars into smoothed Heikin-Ashi candles by averaging each component with its predecessor. The Close is the bar's four-price mean $(O+H+L+C)/4$, the Open is a recursive midpoint of the prior HA Open and HA Close, and High/Low are clamped extremes that guarantee the HA body always fits inside the HA wick. Unlike most indicators that reduce a bar to a single scalar, HA outputs a complete `TBar` — four smoothed prices per bar — making it a bar-to-bar transform rather than a bar-to-value reduction. The recursive Open gives HA an IIR character: each bar carries a decaying memory of the entire price history, which is what flattens trend noise but also why HA prices do not match any actual traded price.
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- **Valcu, D.** (2004). "Using The Heikin-Ashi Technique." *Technical Analysis of Stocks & Commodities*, Vol. 22, No. 2.
- **Nison, S.** (1991). *Japanese Candlestick Charting Techniques*. New York Institute of Finance.
- **Vervoort, S.** (2008). "Smoothing Heikin-Ashi." *Technical Analysis of Stocks & Commodities*.
- [Investopedia: Heikin-Ashi](https://www.investopedia.com/terms/h/heikinashi.asp) — accessible introduction to the technique and its trading applications.
- [Investopedia: Heikin-Ashi](https://www.investopedia.com/terms/h/heikinashi.asp) — accessible introduction to the technique and its trading applications.