Why is there a difference in the LTP on the marketwatch and the chart?
When utilizing Heiken Ashi (HA) charts, it’s important to note the distinct differences compared to candle charts. Although they may seem similar, HA charts exhibit different behavior. In a candle chart, the Open, High, Low, Close (OHLC) values represent the actual values for that time period. However, in a Heiken Ashi chart, the OHLC values are calculated as follows:
HA-Close = (Open(0) + High(0) + Low(0) + Close(0)) / 4
HA-Open = (HA-Open(-1) + HA-Close(-1)) / 2
HA-High = Maximum value among High(0), HA-Open(0), or HA-Close(0)
HA-Low = Minimum value among Low(0), HA-Open(0), or HA-Close(0)
Due to the disparity between the price shown on Heiken Ashi charts and the Last Traded Price (LTP), the trade-from-charts feature isn’t available for Heiken Ashi charts.
How to Revert:
To switch back to the candlestick chart, follow these steps:
In TradingView:
Click on the Candlestick symbol.
Select Candles.