Heikin-Ashi Strong Buying Pressure

Last Updated: Thu, 09 Apr 2020 17:25:45

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
HARTA 7.42 7.15 7.54 7.15 14.3
VITROX 7.95 7.58 8.3 7.58 11.8
F&N 31.5 31.21 31.56 31.21 11.4
FIHB 0.295 0.19 0.36 0.19 11.0
DIALOG 3.14 3.11 3.17 3.11 10.7
DIGI 4.46 4.3 4.52 4.3 10.3
DLADY 44.21 43.83 44.22 43.83 10.3
SUPERMX* 1.7 1.66 1.74 1.66 9.6
DUFU* 3.23 3.18 3.28 3.18 9.5
GCB 2.25 2.19 2.28 2.19 9.4
DPHARMA* 1.42 1.4 1.43 1.4 9.3
COCOLND* 1.73 1.7 1.75 1.7 9.2
JFTECH* 1.45 1.42 1.5 1.42 9.2
SPRITZER* 1.98 1.91 1.99 1.91 9.2
ELKDESA [NS]* 1.2 1.19 1.22 1.19 8.9
CARIMIN* 0.745 0.725 0.765 0.725 8.8
OPENSYS 0.355 0.345 0.365 0.345 8.8
TAKAFUL 3.88 3.52 3.95 3.52 8.8
TEOSENG* 1.07 1.04 1.1 1.04 8.8
AJI* 13.29 13.09 13.38 13.09 8.8
REVENUE* 1.12 1.11 1.14 1.11 8.8
FAVCO* 2.02 1.99 2.03 1.99 8.7
GDEX* 0.215 0.21 0.225 0.21 8.7
LIIHEN* 1.95 1.92 2.0 1.92 8.7
PARAMON* 0.765 0.725 0.785 0.725 8.5
MFCB 4.78 4.65 4.8 4.65 8.4
SERNKOU* 0.71 0.64 0.73 0.64 8.4
KERJAYA* 0.96 0.895 1.0 0.895 8.4
AHEALTH* 2.18 2.08 2.22 2.08 8.4
CYPARK* 0.88 0.86 0.89 0.86 8.3
PTARAS* 2.72 2.54 2.74 2.54 8.3
HLIND 8.04 7.91 8.07 7.91 8.3
HAPSENG [NS] 7.44 7.33 7.5 7.33 8.3
MI* 2.06 2.03 2.09 2.03 8.3
BIMB 3.33 3.27 3.35 3.27 8.2
AEONCR [NS] 9.04 8.78 9.2 8.78 8.2
ALLIANZ [NS] 12.85 12.67 12.88 12.67 8.2
PANSAR* 0.655 0.65 0.665 0.65 8.1
ESCERAM [NS] 0.22 0.21 0.235 0.21 8.1
SYMLIFE* 0.355 0.315 0.36 0.315 8.0
YSPSAH* 1.85 1.82 1.87 1.82 8.0
ARBB 0.24 0.185 0.26 0.185 7.9
MAGNI* 1.79 1.73 1.81 1.73 7.9
PETDAG 21.13 20.8 21.28 20.8 7.9
PRLEXUS 0.59 0.555 0.615 0.555 7.9
SCOMNET* 0.62 0.605 0.635 0.605 7.9
LPI [NS] 11.95 11.88 12.02 11.88 7.9
SCICOM [NS]* 0.78 0.725 0.85 0.725 7.8
KESM* 8.02 7.13 9.0 7.13 7.8
MPI 9.95 9.67 10.2 9.67 7.7
ASIAFLE* 1.74 1.7 1.8 1.7 7.6
GENP 9.45 9.32 9.49 9.32 7.6
JOHOTIN* 1.35 1.33 1.36 1.33 7.6
PMBTECH* 2.92 2.84 2.98 2.84 7.6
PMETAL 3.67 3.42 3.72 3.42 7.6
RHBBANK [NS] 4.68 4.63 4.71 4.63 7.6
PTRANS* 0.185 0.18 0.19 0.18 7.6
FPGROUP* 0.655 0.64 0.675 0.64 7.6
BAHVEST* 0.4 0.385 0.41 0.385 7.5
CHGP 0.295 0.28 0.305 0.28 7.5
HCK [NS]* 1.23 1.2 1.23 1.2 7.5
MATRIX* 1.72 1.65 1.78 1.65 7.5
PADINI 2.21 2.13 2.3 2.13 7.5
HOHUP* 0.39 0.365 0.39 0.365 7.4
HEXZA [NS] 0.77 0.735 0.78 0.735 7.4
MAYBANK [NS] 7.9 7.75 7.94 7.75 7.4
DAIBOCI* 1.98 1.93 2.01 1.93 7.2
MMSV 0.555 0.525 0.57 0.525 7.2
FOCUSP 0.435 0.415 0.45 0.415 7.2
LKL 0.26 0.24 0.265 0.24 7.2