Heikin-Ashi Strong Selling Pressure

Heikin-Ashi Strong Selling Pressure

Last Updated: Wed, 20 Sep 2017 18:26:06

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 filled Heikin-Ashi candlestick shows strong selling pressure over a two day period. Absence of an upper shadow also reflects selling pressure.

Contributor: Azhar Khamaruzaman.

Stock HA-Close HA-Open HA-High HA-Low Overall Score
KERJAYA 3.79 3.86 3.86 3.73 15.0
PANAMY [NS] 38.44 38.65 38.65 38.2 14.6
ECONBHD 2.99 3.07 3.07 2.92 14.2
VITROX 4.42 4.5 4.5 4.4 14.0
OSKVI [NS] 0.725 0.73 0.73 0.72 14.0
ASTINO 1.17 1.19 1.19 1.16 13.8
MMSV [NS] 1.83 1.86 1.86 1.81 13.2
MAGNI 6.13 6.34 6.34 6.1 12.5
OKA 1.78 1.79 1.79 1.75 12.2
CCK 0.95 0.965 0.965 0.94 12.0
LYSAGHT [NS] 3.66 3.69 3.69 3.65 11.9
CIMB [NS] 6.3 6.63 6.63 6.22 11.9
IBHD 0.57 0.57 0.57 0.56 11.7
LAYHONG 0.99 0.995 0.995 0.98 11.7
UTDPLT 27.25 27.47 27.47 27.18 11.6
PCHEM 7.31 7.37 7.37 7.24 11.5
KEN 0.95 0.97 0.97 0.93 10.9
KMLOONG 3.9 3.9 3.9 3.89 10.9
DLADY 58.84 58.88 58.88 58.74 10.8
CARLSBG [NS] 14.86 14.93 14.93 14.78 10.8
FAJAR 0.89 0.89 0.89 0.88 10.7
HARTA 6.45 6.51 6.51 6.39 10.7
UOADEV 2.55 2.56 2.56 2.54 10.7
GESHEN 2.38 2.43 2.43 2.3 10.5
KPS 1.44 1.47 1.47 1.42 10.5
LSTEEL 0.67 0.695 0.695 0.66 10.4
PWF 1.14 1.16 1.16 1.13 10.3
YOCB 1.33 1.35 1.35 1.32 10.1
ALSREIT 1.0 1.0 1.0 0.99 10.0
HEIM [NS] 18.8 18.94 18.94 18.8 9.8
DUFU 1.46 1.49 1.49 1.44 9.7
PARAMON 1.75 1.76 1.76 1.74 9.7
FREIGHT 1.28 1.28 1.28 1.27 9.6
SUCCESS 3.34 3.39 3.39 3.32 9.6
WZSATU 1.09 1.11 1.11 1.08 9.6
ALCOM 1.2 1.23 1.23 1.18 9.6
GBGAQRS 1.64 1.67 1.67 1.63 9.5
SURIA 2.1 2.14 2.14 2.1 9.5
ORIENT [NS] 6.62 6.64 6.64 6.61 9.5
PPHB 0.77 0.795 0.795 0.76 9.4
ASIAFLE 3.24 3.24 3.24 3.23 9.3
LUXCHEM [NS] 0.83 0.84 0.84 0.82 9.3
EDGENTA 2.69 2.76 2.76 2.68 9.2
SPSETIA 3.46 3.55 3.55 3.44 9.2
TA [NS] 0.68 0.685 0.685 0.67 9.2
GENP 10.53 10.58 10.58 10.5 9.1
LITRAK 5.81 5.86 5.86 5.77 9.0
MAGNUM [NS] 1.82 1.84 1.84 1.81 9.0
BURSA [NS] 10.01 10.09 10.09 9.99 9.0
TALIWRK 1.43 1.45 1.45 1.39 8.9
SUNWAY 4.4 4.46 4.46 4.36 8.8
REXIT [NS] 0.87 0.89 0.89 0.865 8.8
HIAPTEK 0.43 0.435 0.435 0.42 8.7
TGUAN 4.05 4.07 4.07 4.04 8.7
TIMECOM 9.17 9.3 9.3 9.09 8.7
PIE 2.3 2.31 2.31 2.29 8.7
PLABS [NS] 0.32 0.32 0.32 0.31 8.6
CRESBLD 1.05 1.07 1.07 1.04 8.5
AFFIN [NS] 2.63 2.64 2.64 2.62 8.5
COMFORT 0.94 0.94 0.94 0.93 8.4
MKH 2.18 2.24 2.24 2.16 8.4
POLY 0.39 0.395 0.395 0.38 8.4
NOTION 1.02 1.05 1.05 1.01 8.3
GENM [NS] 5.66 5.71 5.71 5.62 8.3
KRONO 0.95 0.965 0.965 0.94 8.2