Heikin-Ashi Strong Buying Pressure

Heikin-Ashi Strong Buying Pressure

Last Updated: Mon, 22 Apr 2019 17:04:39

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.

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Stock HA-Close HA-Open HA-High HA-Low iSaham Score
GCB [NS]* 3.9 3.69 4.12 3.69 14.2
TIMECOM 9.05 8.99 9.07 8.99 14.1
PENTA* 4.21 4.13 4.23 4.13 13.2
SCIENTX 8.79 8.75 8.8 8.75 12.8
DPHARMA* 1.33 1.32 1.34 1.32 12.6
SUNCON* 2.04 1.98 2.09 1.98 12.4
KGB* 1.37 1.33 1.4 1.33 12.2
DUFU* 2.03 1.87 2.06 1.87 12.1
JHM* 1.34 1.3 1.37 1.3 12.1
DIALOG 3.18 3.15 3.19 3.15 12.0
JOHOTIN* 1.5 1.46 1.53 1.46 12.0
MRCB 1.03 0.945 1.06 0.945 12.0
KERJAYA* 1.31 1.27 1.34 1.27 12.0
HARTA 4.78 4.72 4.88 4.72 11.6
PADINI 4.04 3.96 4.11 3.96 11.4
SCOMNET* 0.865 0.86 0.875 0.86 11.3
GBGAQRS* 1.43 1.4 1.48 1.4 11.2
MAGNI* 4.65 4.58 4.67 4.58 11.1
MYNEWS [NS]* 1.42 1.41 1.43 1.41 11.1
SLP [NS]* 1.27 1.24 1.29 1.24 10.9
TALIWRK* 0.925 0.915 0.935 0.915 10.8
HIBISCS* 1.17 1.13 1.2 1.13 10.8
PAVREIT [NS] 1.83 1.81 1.84 1.81 10.8
ATAIMS* 1.77 1.75 1.77 1.75 10.7
GADANG* 0.84 0.7 0.96 0.7 10.7
MYEG 1.65 1.58 1.7 1.58 10.5
DAIBOCI* 2.04 1.89 2.1 1.89 10.4
ORIENT [NS] 6.78 6.76 6.78 6.76 10.4
MGRC 0.33 0.27 0.36 0.27 10.3
WPRTS 3.83 3.78 3.88 3.78 10.3
DUTALND* 0.535 0.53 0.54 0.53 10.1
MALTON* 0.64 0.56 0.675 0.56 10.1
MASTER 0.82 0.79 0.825 0.79 10.1
CRESBLD 1.12 1.09 1.14 1.09 10.0
YOCB 1.18 1.17 1.19 1.17 10.0
EKOVEST* 0.93 0.61 0.97 0.61 9.9
SIME 2.3 2.23 2.38 2.23 9.9
MAYBANK [NS] 9.13 9.06 9.19 9.06 9.9
MFCB* 3.82 3.79 3.84 3.79 9.6
SGB 1.5 1.13 1.7 1.13 9.6
KOBAY 1.42 1.38 1.45 1.38 9.3
FAJAR 0.465 0.405 0.52 0.405 9.2
PLS* 1.17 0.97 1.27 0.97 9.2
TRC* 0.75 0.72 0.765 0.72 9.1
WCT* 1.02 0.95 1.09 0.95 9.1
BURSA [NS] 6.88 6.83 6.92 6.83 9.1
OSK [NS]* 0.985 0.97 0.995 0.97 9.1
DANCO 0.615 0.6 0.63 0.6 9.1
KIMLUN* 1.4 1.31 1.45 1.31 9.0
KSENG [NS]* 4.78 4.75 4.8 4.75 9.0
BPPLAS 1.08 1.07 1.09 1.07 8.9
GKENT* 1.32 1.26 1.38 1.26 8.9
INTA 0.29 0.275 0.305 0.275 8.9
ELSOFT* 0.995 0.97 1.02 0.97 8.8
GAMUDA 3.24 3.09 3.37 3.09 8.8
OFI 0.82 0.785 0.84 0.785 8.8
UEMS 0.95 0.87 1.02 0.87 8.8
GTRONIC* 2.01 1.97 2.03 1.97 8.7
OKA 0.705 0.67 0.735 0.67 8.7
HOHUP 0.505 0.46 0.515 0.46 8.6
TSRCAP 0.525 0.455 0.59 0.455 8.6
JMR 1.08 1.06 1.09 1.06 8.5
KUCHAI [NS]* 1.7 1.64 1.72 1.64 8.5
KKB* 1.27 1.24 1.29 1.24 8.4
VS* 1.13 1.08 1.17 1.08 8.4
FLBHD [NS] 1.63 1.58 1.65 1.58 8.4
ZHULIAN* 1.48 1.42 1.49 1.42 8.3
MMSV 0.845 0.83 0.85 0.83 8.2
SUCCESS 0.95 0.84 0.97 0.84 8.2
DBHD 0.47 0.45 0.49 0.45 7.9