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I looked over everything on the site about HA indicators and I don't see an answer to this so hopefully some one knows the answer. I know the formulas for HA bars and I have looked inside the indicator on this site and the standard NT 7 indicator, but for the life of me I can't figure out what triggers a color change? Does anyone know what triggers a color change in an HA bar? Is it a close above the close of the prior bar? What? I like the looks of HA bars just to give me a reason to support a price action entry, but I really want to understand what drives the color change. Thanks for any input...
Can you help answer these questions from other members on NexusFi?
The article had what I was looking for, but could not find anywhere else on the web. For those that might be looking after me and don't want to look at the article, here is a short note from the article........
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If the haClose is above haOpen, then a bullish sign occurs (white candle). If haClose is below haOpen, then a bearish sign appears (black candle).
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