Heikin-Ashi Strong Buying Pressure

Last Updated: Wed, 23 Oct 2019 17:32:53

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
DIALOG 3.51 3.47 3.53 3.47 13.7
CARING [NS]* 2.45 2.36 2.46 2.36 13.5
FRONTKN* 1.9 1.88 1.91 1.88 13.2
INARI 2.07 2.04 2.09 2.04 12.8
HLIND [NS] 10.65 10.51 10.7 10.51 12.1
KOBAY 1.63 1.58 1.65 1.58 11.7
CANONE* 3.43 3.38 3.45 3.38 11.6
SERNKOU 0.94 0.89 0.95 0.89 11.1
VS* 1.38 1.35 1.4 1.35 10.7
GTRONIC* 2.26 2.21 2.29 2.21 10.4
OPENSYS 0.345 0.34 0.345 0.34 10.4
EWEIN 0.655 0.62 0.675 0.62 10.4
MASTER 1.59 1.54 1.64 1.54 10.4
PWROOT* 2.22 2.18 2.24 2.18 10.3
IFCAMSC 0.445 0.4 0.465 0.4 10.1
MPI [NS] 11.07 10.72 11.46 10.72 10.1
TEOSENG [NS]* 1.23 1.22 1.24 1.22 10.1
WASEONG* 1.1 1.0 1.15 1.0 9.6
PRLEXUS 0.9 0.855 0.915 0.855 9.5
SUCCESS 0.995 0.945 1.02 0.945 9.3
MBSB [NS] 0.89 0.87 0.9 0.87 9.3
REVENUE* 1.76 1.69 1.81 1.69 9.2
WIDAD* 0.385 0.365 0.39 0.365 9.1
JFTECH 0.99 0.935 1.02 0.935 9.1
KRONO* 0.68 0.67 0.68 0.67 8.9
SNC 0.29 0.26 0.3 0.26 8.9
SKPRES* 1.26 1.23 1.28 1.23 8.9
UCHITEC* 2.81 2.76 2.83 2.76 8.8
PECCA 1.23 1.21 1.24 1.21 8.8
KESM [NS]* 8.32 7.97 8.58 7.97 8.8
KPOWER 1.16 1.04 1.2 1.04 8.7
AMVERTON* 1.11 1.09 1.13 1.09 8.7
EG 0.44 0.405 0.46 0.405 8.6
TAS 0.28 0.27 0.285 0.27 8.5
COASTAL [NS]* 1.1 1.04 1.18 1.04 8.3
MJPERAK [NS] 0.27 0.255 0.27 0.255 8.3
DRBHCOM 2.52 2.4 2.59 2.4 8.0
JOHOTIN* 1.33 1.31 1.33 1.31 8.0
LEESK 0.64 0.625 0.65 0.625 8.0
DAIBOCI* 2.0 1.96 2.0 1.96 7.9
TMCLIFE [NS]* 0.67 0.645 0.7 0.645 7.9
KKB* 1.45 1.4 1.49 1.4 7.6
SCIB 1.71 1.46 1.83 1.46 7.6
SOP* 2.21 2.2 2.23 2.2 7.6
LUXCHEM* 0.5 0.49 0.52 0.49 7.5
ULICORP 0.565 0.525 0.575 0.525 7.5
UOADEV 1.98 1.95 1.99 1.95 7.4
RGTECH 0.3 0.295 0.305 0.295 7.4
DGB 0.135 0.12 0.15 0.12 7.2
MFLOUR [NS]* 0.685 0.675 0.695 0.675 7.2
NSOP [NS]* 3.36 3.33 3.38 3.33 7.1
PANSAR* 0.595 0.575 0.605 0.575 7.1
REDTONE [NS] 0.57 0.555 0.58 0.555 7.1
XIANLNG 0.52 0.44 0.55 0.44 7.1
MEGASUN 0.14 0.125 0.14 0.125 7.1
RANHILL* 1.24 1.23 1.25 1.23 7.1
NOVA 0.65 0.64 0.67 0.64 7.1
KAB 0.62 0.6 0.64 0.6 7.0
BONIA 0.27 0.255 0.28 0.255 6.8
PRLEXUS-WA 0.225 0.185 0.235 0.185 6.8
GPACKET-WB 0.33 0.32 0.335 0.32 6.8
CWG 0.45 0.42 0.485 0.42 6.7
HHHCORP 0.115 0.11 0.115 0.11 6.7
MINETEC 0.075 0.075 0.08 0.075 6.7
PERSTIM* 4.59 4.58 4.6 4.58 6.7
KLCC 8.03 7.99 8.1 7.99 6.6
THRIVEN 0.2 0.185 0.205 0.185 6.6
WILLOW* 0.445 0.435 0.46 0.435 6.6
UCREST 0.17 0.15 0.18 0.15 6.6
ZECON 0.355 0.34 0.36 0.34 6.5