Heikin-Ashi Strong Buying Pressure

Last Updated: Fri, 15 Nov 2019 17:02:37

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
HEIM [NS] 26.21 25.84 26.5 25.84 14.9
AHEALTH* 2.4 2.32 2.5 2.32 13.9
FAVCO* 2.9 2.83 2.93 2.83 13.3
MATRIX* 1.95 1.93 1.97 1.93 13.3
HARTA 5.34 5.3 5.37 5.3 13.2
ELKDESA [NS]* 1.73 1.69 1.76 1.69 12.4
MBL 1.29 1.24 1.31 1.24 12.2
RCECAP [NS]* 1.75 1.65 1.78 1.65 12.1
MKH* 1.42 1.41 1.43 1.41 11.8
KOBAY 1.56 1.54 1.58 1.54 11.7
GAMUDA 3.83 3.78 3.85 3.78 11.6
JHM* 1.42 1.38 1.44 1.38 11.6
WEGMANS 0.29 0.28 0.305 0.28 11.6
PEB [NS] 0.85 0.8 0.85 0.8 11.0
WIDAD* 0.47 0.45 0.475 0.45 10.9
PRLEXUS 1.05 1.0 1.08 1.0 10.9
SCICOM [NS]* 1.06 1.03 1.07 1.03 10.9
GDB 0.44 0.42 0.445 0.42 10.3
SCOMNET* 0.845 0.83 0.86 0.83 10.1
TEOSENG [NS]* 1.32 1.3 1.33 1.3 10.0
KAWAN* 1.55 1.44 1.57 1.44 9.9
SIMEPLT 5.1 5.08 5.12 5.08 9.9
CCB [NS] 2.09 1.94 2.1 1.94 9.7
TECFAST 0.46 0.445 0.475 0.445 9.7
TOPGLOV 4.52 4.44 4.55 4.44 9.6
SAMCHEM [NS] 0.695 0.66 0.71 0.66 9.6
JAKS* 1.31 1.22 1.35 1.22 9.1
PIE* 1.47 1.41 1.49 1.41 8.9
IFCAMSC 0.54 0.515 0.555 0.515 8.8
SLP* 1.27 1.25 1.29 1.25 8.7
DLADY 57.87 57.81 57.88 57.81 8.6
TROP* 0.87 0.86 0.875 0.86 8.6
SEB [NS] 0.69 0.68 0.69 0.68 8.5
GOB [NS] 0.21 0.2 0.22 0.2 8.4
HOKHENG 0.695 0.665 0.7 0.665 8.2
BTM 0.2 0.135 0.215 0.135 8.1
INNO* 0.715 0.7 0.72 0.7 8.0
SCIB 1.77 1.76 1.78 1.76 7.9
MJPERAK [NS] 0.36 0.35 0.37 0.35 7.8
REDTONE [NS] 0.545 0.525 0.555 0.525 7.8
PTRANS* 0.255 0.25 0.26 0.25 7.8
KIMLUN* 1.27 1.26 1.28 1.26 7.7
ORNA 0.965 0.92 1.0 0.92 7.7
IOIPG 1.17 1.14 1.19 1.14 7.6
BIG 0.335 0.305 0.38 0.305 7.5
CAB* 0.495 0.485 0.5 0.485 7.5
SIGGAS 0.95 0.94 0.95 0.94 7.5
CHINHIN* 0.875 0.84 0.905 0.84 7.5
VSTECS 1.45 1.4 1.47 1.4 7.4
KKB* 1.5 1.46 1.52 1.46 7.2
LYSAGHT 2.46 2.41 2.5 2.41 7.1
MUHIBAH* 2.4 2.36 2.42 2.36 7.1
NOTION* 0.91 0.84 0.955 0.84 7.1
TECHBND* 0.835 0.835 0.845 0.835 7.1
D&O* 0.745 0.74 0.75 0.74 7.0
MCLEAN 0.2 0.175 0.225 0.175 7.0
SRIDGE 0.25 0.24 0.26 0.24 7.0
MBL-WA 0.445 0.41 0.45 0.41 7.0
ARMADA [NS]* 0.51 0.49 0.525 0.49 6.6
ATTA 0.45 0.44 0.455 0.44 6.6
MERGE 0.98 0.95 0.99 0.95 6.6
MUDAJYA 0.34 0.325 0.35 0.325 6.6
GENM [NS] 3.22 3.2 3.25 3.2 6.6
BTM-WB [NS] 0.15 0.065 0.19 0.065 6.6
MCLEAN-WB 0.07 0.05 0.09 0.05 6.6
PRLEXUS-WA 0.37 0.34 0.395 0.34 6.6
PWROOT-WA 0.695 0.675 0.7 0.675 6.6
SEACERA 0.415 0.38 0.43 0.38 6.5
PA-WB [NS] 0.04 0.03 0.04 0.03 6.5
HENGYUAN* 4.4 4.37 4.41 4.37 6.4