Like standard candlesticks, a Heikin-Ashi candle has a body and a wick, however, they do not have the same purpose as on a candlestick chart.[4] The last price of a Heikin-Ashi candle is calculated by the average price of the current bar or timeframe (e.g., a daily timeframe would have each bar represent the price movements of that specific day). The formula for the last price of the Heikin-Ashi bar or candle is calculated by: (open + high + low + close) ÷ {\displaystyle \div } 4.[5] The open of a Heikin-Ashi starts at the midpoint of the previous candle; it is calculated by: (the open of previous bar + the close of the previous bar) ÷ {\displaystyle \div } 2.[6] The highest and lowest price points are represented by wicks similarly to candlesticks.[4]