Bionic Candle in ATAS

Hello dear traders,

The most well-known candle is the Candle Chart, which was developed in the circa 1850's by a legendary Sakata rice trader known as Homma. Most likely, his innovative ideas were consistently modified and then refined over years of trading, eventually leading to the system of candlestick charts. Renko charts were first used by Japanese traders in the 19th century. The Japanese called them "renga" or "brick" because of their rectangular shape. The Heikin Ashi Charts were also originally developed in Japan. Heikin Ashi can be translated as "average bar" in German. In the West, Heikin Ashi Charts became popular through the work of Swedish trader Dan Valcu.

The Bionic candle is the latest candle and was developed by me in Germany from 2014 and made available to the first forex traders at Forex Factory free of charge in 2018. So far it has been downloaded almost 30,000 times and is only at the beginning of a possible career. I am very proud that a major stock exchange platform took notice and that the Bionic Candle is celebrating its premiere in the futures and stock markets today. I would like to clearly emphasize that I make the Bionic candle available to all traders free of charge and I do not earn any money with it, since I am a full-time trader. So all the information you get is a voluntary investment of time on my part.

From my point of view, the Bionic Candle is a very modern candle that has adapted to changing markets and is very flexible. It shows the prices exactly, just like the candlestick, but without the wicks. This results in only 2 movements that you as a trader can capture faster. The histogram can be used to filter out certain movement sequences that give the trader important information. Of course, the bionic candle first has to prove itself over the next few decades, after all, the candle chart is 170 years ahead.

The bionic candle is already integrated in the alpha and beta versions of ATAS. As soon as the developers see that everything is stable, it will move to the latest and stable versions. The Bionic Candle has a few interesting properties that I explain in detail in this video.

Here you can find the video in German

Due to the 5 times finer price structures in the foreign exchange market, the Bionic Candle is somewhat more precise than in the futures market. This is an advantage for us forex traders. I would be happy if my ideas help you as a trader and I wish you continued success in trading.

Greetings Michael