Heikin-Ashi Strong Buying Pressure

Last Updated: Fri, 23 Aug 2019 17:00:18

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
F&N 35.47 35.06 35.72 35.06 14.6
PANAMY [NS] 40.62 40.07 40.98 40.07 14.4
DPHARMA* 1.43 1.36 1.48 1.36 14.1
HEIM [NS] 24.5 23.73 24.86 23.73 14.0
KOBAY 1.69 1.63 1.73 1.63 13.8
GCB [NS]* 3.99 3.87 4.07 3.87 13.7
ALLIANZ [NS] 14.29 13.61 14.68 13.61 13.3
CARLSBG [NS] 24.87 24.51 24.98 24.51 13.0
ELKDESA [NS]* 1.69 1.66 1.7 1.66 12.9
AJI* 17.66 17.46 17.88 17.46 12.7
MAGNI* 5.16 5.08 5.23 5.08 12.6
MBMR* 4.15 3.87 4.28 3.87 12.0
PWROOT* 1.96 1.92 1.96 1.92 12.0
HLIND [NS] 10.87 10.77 10.9 10.77 11.7
CARING [NS]* 2.29 2.27 2.3 2.27 11.6
INARI 1.62 1.59 1.65 1.59 11.6
LPI [NS] 15.74 15.6 15.8 15.6 11.3
DUFU* 2.19 2.14 2.22 2.14 11.2
FPGROUP 0.37 0.365 0.375 0.365 10.6
FPI* 1.72 1.65 1.74 1.65 10.5
LITRAK 4.55 4.47 4.58 4.47 10.5
VS* 1.28 1.24 1.3 1.24 10.1
AXREIT 1.89 1.86 1.9 1.86 10.0
TOPGLOV 4.66 4.53 4.75 4.53 10.0
KKB* 1.5 1.48 1.51 1.48 9.9
OCK* 0.61 0.6 0.615 0.6 9.9
RCECAP [NS]* 1.63 1.61 1.63 1.61 9.9
IDEAL 1.29 1.25 1.3 1.25 9.9
AMWAY* 6.16 6.07 6.2 6.07 9.5
KLCC 8.06 7.89 8.2 7.89 9.3
PTARAS* 2.95 2.78 3.0 2.78 9.1
RHBBANK [NS] 5.54 5.48 5.57 5.48 9.1
CHINWEL* 1.78 1.76 1.79 1.76 8.8
KAB 0.265 0.255 0.27 0.255 8.8
CARIMIN 0.91 0.88 0.94 0.88 8.7
KOMARK 0.37 0.35 0.38 0.35 8.7
TGL 1.06 1.01 1.06 1.01 8.7
MAGNUM [NS] 2.83 2.76 2.84 2.76 8.7
PHARMA* 2.66 2.59 2.69 2.59 8.4
DRBHCOM 2.94 2.89 3.0 2.89 8.3
GTRONIC* 1.74 1.72 1.76 1.72 8.3
SERNKOU 0.585 0.565 0.59 0.565 8.3
GPACKET [NS]* 0.625 0.595 0.65 0.595 8.0
REVENUE* 1.57 1.56 1.6 1.56 8.0
SALUTE 0.565 0.515 0.58 0.515 7.9
CHUAN 0.425 0.36 0.485 0.36 7.8
SCICOM [NS]* 0.905 0.89 0.925 0.89 7.8
TADMAX 0.285 0.255 0.295 0.255 7.5
CCK* 0.525 0.5 0.535 0.5 7.4
ORNA 0.925 0.92 0.94 0.92 7.2
MI* 1.84 1.6 1.94 1.6 7.2
KIMLUN* 1.28 1.24 1.3 1.24 7.1
LBS* 0.54 0.535 0.545 0.535 7.1
RUBEREX 0.49 0.475 0.495 0.475 7.1
MAYBANK [NS] 8.6 8.55 8.64 8.55 7.1
ASTINO 0.655 0.65 0.66 0.65 7.0
AXIATA 4.98 4.95 5.03 4.95 6.8
LBICAP [NS] 0.695 0.64 0.71 0.64 6.8
GOB [NS] 0.17 0.17 0.175 0.17 6.7
REDTONE [NS] 0.395 0.375 0.405 0.375 6.7
SUCCESS 0.89 0.875 0.895 0.875 6.7
AMBANK [NS] 4.13 3.99 4.16 3.99 6.7
MMAG [NS] 0.255 0.25 0.26 0.25 6.6
BJLAND [NS]* 0.235 0.225 0.24 0.225 6.6
TURBO [NS] 0.665 0.635 0.68 0.635 6.5
MIECO 0.345 0.32 0.36 0.32 6.4
ROHAS* 0.57 0.555 0.585 0.555 6.4
ASTRO [NS] 1.45 1.43 1.46 1.43 6.4
PTRANS* 0.2 0.195 0.205 0.195 6.4
KPOWER 0.82 0.815 0.83 0.815 6.3