Heikin-Ashi Strong Buying Pressure

Heikin-Ashi Strong Buying Pressure

Last Updated: Wed, 21 Feb 2018 15:00:35

Heikin-Ashi Candlesticks are an offshoot from Japanese candlesticks. Heikin-Ashi Candlesticks use the open-close data from the prior period and the open-high-low-close data from the current period to create a combo candlestick. The resulting candlestick filters out some noise in an effort to better capture the trend. In Japanese, Heikin means 'average' and 'ashi' means 'pace' (EUDict.com). Taken together, Heikin-Ashi represents the average-pace of prices. Heikin-Ashi Candlesticks are not used like normal candlesticks. Dozens of bullish or bearish reversal patterns consisting of 1-3 candlesticks are not to be found. Instead, these candlesticks can be used to identify trending periods, potential reversal points and classic technical analysis patterns

"A long hollow Heikin-Ashi candlestick shows strong buying pressure over a two day period. Absence of a lower shadow also reflects strength.

Contributor: Azhar Khamaruzaman.

Stock HA-Close HA-Open HA-High HA-Low Overall Score
AJI* 21.16 20.53 21.66 20.53 17.5
HLIND 11.25 10.55 11.3 10.55 15.8
LPI [NS] 19.31 19.24 19.34 19.24 14.6
PBBANK [NS] 22.14 22.02 22.26 22.02 14.5
GKENT* 3.99 3.97 4.0 3.97 14.4
KLK 25.52 25.4 25.6 25.4 14.3
NESTLE 122.52 119.93 123.1 119.93 14.3
INARI 3.47 3.43 3.51 3.43 13.7
AEONCR [NS] 13.5 13.37 13.52 13.37 13.5
MYEG 2.65 2.58 2.68 2.58 13.3
LITRAK 5.86 5.82 5.86 5.82 13.2
PETDAG 25.38 25.22 25.54 25.22 13.2
LIIHEN* 3.19 3.16 3.22 3.16 13.0
CARLSBG [NS] 17.98 17.51 18.0 17.51 12.9
DLADY 64.72 64.48 65.0 64.48 12.5
MYNEWS [NS]* 1.63 1.59 1.66 1.59 12.4
COCOLND* 2.58 2.48 2.6 2.48 12.2
3A* 1.06 0.975 1.1 0.975 12.2
POLY 0.555 0.53 0.56 0.53 12.1
PPHB 0.695 0.675 0.7 0.675 12.1
ECONBHD* 1.21 1.18 1.23 1.18 11.8
LBS* 2.25 2.22 2.27 2.22 11.7
SUPERMX* 2.51 2.38 2.55 2.38 11.7
SUPERLN* 1.68 1.51 1.76 1.51 11.6
SAMCHEM [NS]* 1.17 1.13 1.2 1.13 11.6
LUXCHEM* 0.77 0.76 0.775 0.76 11.5
VITROX 6.32 6.24 6.34 6.24 11.5
PCHEM 8.13 8.09 8.2 8.09 11.4
HSSEB* 1.86 1.78 1.88 1.78 11.4
KERJAYA 3.93 3.9 3.95 3.9 11.1
IOICORP 4.75 4.73 4.76 4.73 11.0
KMLOONG [NS]* 4.21 4.17 4.25 4.17 11.0
MMSV* 1.58 1.54 1.59 1.54 11.0
SCIENTX 8.46 8.34 8.47 8.34 11.0
TGUAN* 3.88 3.71 3.95 3.71 11.0
HOMERIZ* 0.76 0.74 0.77 0.74 10.9
SIME 2.76 2.7 2.82 2.7 10.8
WELLCAL* 1.6 1.57 1.64 1.57 10.8
CHOOBEE* 2.62 2.59 2.64 2.59 10.7
SSTEEL [NS]* 2.34 2.3 2.38 2.3 10.7
CRESBLD 0.95 0.945 0.955 0.945 10.6
TONGHER* 4.04 3.93 4.09 3.93 10.6
XDL [NS] 0.19 0.185 0.195 0.185 10.4
WILLOW* 1.15 1.13 1.16 1.13 10.4
FAJAR* 0.775 0.75 0.785 0.75 10.3
KESM* 20.27 19.82 20.4 19.82 10.2
JIANKUN [NS] 0.405 0.39 0.42 0.39 10.1
PENTA* 2.58 2.49 2.6 2.49 10.0
POHUAT* 1.53 1.5 1.55 1.5 10.0
SYMLIFE* 0.795 0.785 0.8 0.785 9.9
MBSB [NS] 1.25 1.2 1.31 1.2 9.9
MAGNI* 4.62 4.26 4.84 4.26 9.8
PERSTIM* 3.79 3.76 3.8 3.76 9.8
KRONO* 0.75 0.74 0.77 0.74 9.7
MALTON* 0.96 0.935 0.97 0.935 9.7
BTECH 0.3 0.27 0.335 0.27 9.7
IQGROUP 1.66 1.53 1.77 1.53 9.6
PANSAR 0.805 0.79 0.815 0.79 9.6
PRESTAR* 1.06 1.04 1.08 1.04 9.5
MIECO* 0.67 0.62 0.69 0.62 9.4
PMBTECH* 4.09 4.07 4.11 4.07 9.4
UCHITEC* 2.99 2.92 3.02 2.92 9.3
UNISEM 2.9 2.72 3.01 2.72 9.3
PESTECH* 1.79 1.78 1.81 1.78 9.1
TOMYPAK [NS]* 0.975 0.965 0.975 0.965 9.1