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