Heikin-Ashi Strong Buying Pressure

Last Updated: Wed, 23 Sep 2020 17:38:43

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: AK.

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Stock HA-Close HA-Open HA-High HA-Low iSaham Score
SCIENTX 10.01 9.81 10.16 9.81 14.3
QL 9.94 9.75 10.0 9.75 13.8
HARTA 14.32 14.02 14.54 14.02 12.0
SAB* 3.76 3.68 3.8 3.68 11.3
FRONTKN 3.4 3.35 3.43 3.35 10.5
HEIM [NS] 21.47 21.34 21.54 21.34 10.3
HCK [NS]* 1.26 1.24 1.27 1.24 10.1
AHP [NS] 0.925 0.87 0.93 0.87 10.0
PECCA* 1.28 1.21 1.33 1.21 8.3
HUPSENG* 0.93 0.925 0.935 0.925 8.2
ACME 0.315 0.29 0.325 0.29 8.1
SMCAP 0.27 0.22 0.305 0.22 7.9
MTAG* 0.7 0.67 0.74 0.67 7.8
NETX [NS] 0.25 0.01 0.3 0.01 7.7
TECHBND-WA 0.45 0.405 0.465 0.405 7.6
SHCHAN 0.475 0.405 0.5 0.405 7.4
KGB* 1.18 1.16 1.2 1.16 7.2
KWANTAS* 1.39 1.34 1.42 1.34 7.2
SMCAP-WC 0.15 0.125 0.17 0.125 7.1
JCBNEXT [NS] 1.44 1.38 1.45 1.38 6.9
SJC 0.895 0.85 0.9 0.85 6.9
CME-WA 0.11 0.105 0.12 0.105 6.9
KPSCB 0.47 0.42 0.5 0.42 6.7
SOLUTN-WA [NS] 0.465 0.4 0.515 0.4 6.7
MCEHLDG 1.18 0.96 1.29 0.96 6.5
SWSCAP 0.595 0.58 0.595 0.58 6.5
TALIWRK* 0.835 0.835 0.84 0.835 6.2
ILB [NS] 0.345 0.335 0.35 0.335 5.9
PANAMY [NS] 28.38 28.29 28.48 28.29 5.8
PPG 0.285 0.255 0.32 0.255 5.5
AMPROP [NS]* 0.4 0.4 0.405 0.4 5.5
KLCC 7.78 7.73 7.84 7.73 5.3
CHHB-WB 0.125 0.12 0.13 0.12 5.3
STELLA 0.77 0.695 0.8 0.695 5.1
ENGKAH 0.845 0.835 0.85 0.835 5.0
PERSTIM* 3.84 3.8 3.87 3.8 4.6
WTHORSE* 0.615 0.605 0.62 0.605 4.6
OSKVI [NS] 0.42 0.415 0.43 0.415 4.3
ALAQAR 1.38 1.37 1.39 1.37 4.3
FIMACOR* 1.51 1.51 1.52 1.51 4.2
SEG* 0.605 0.595 0.615 0.595 4.1
KHEESAN 0.27 0.265 0.27 0.265 3.7
BERTAM [NS] 0.12 0.11 0.125 0.11 3.4
BHIC* 0.63 0.615 0.635 0.615 3.3
TIGER 0.08 0.075 0.08 0.075 3.3
SNTORIA 0.15 0.14 0.185 0.14 3.3
TOYOINK-WB 0.075 0.075 0.085 0.075 2.8
SCABLE 0.22 0.22 0.225 0.22 1.6