Heikin-Ashi Strong Buying Pressure

Last Updated: Wed, 17 Jul 2019 17:26:30

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
LPI [NS] 16.24 16.09 16.28 16.09 14.5
DIALOG 3.52 3.45 3.55 3.45 14.3
ELKDESA [NS]* 1.67 1.6 1.68 1.6 13.7
GCB [NS]* 3.58 3.42 3.69 3.42 13.2
Y&G 0.905 0.77 0.995 0.77 12.9
KERJAYA* 1.47 1.44 1.48 1.44 12.2
ALLIANZ [NS] 13.94 13.85 13.98 13.85 12.0
HEIM [NS] 23.0 22.78 23.28 22.78 11.7
EITA 1.52 1.49 1.52 1.49 11.3
KGB* 1.36 1.32 1.38 1.32 11.3
INTA 0.295 0.29 0.305 0.29 11.3
KOSSAN 4.0 3.99 4.0 3.99 10.9
SLP* 1.32 1.31 1.33 1.31 10.4
AXREIT 1.83 1.77 1.91 1.77 10.3
MYEG 1.58 1.54 1.6 1.54 10.1
GKENT* 1.23 1.2 1.27 1.2 9.9
PNEPCB 0.52 0.505 0.535 0.505 9.9
3A* 0.855 0.845 0.86 0.845 9.7
CCK* 0.555 0.53 0.565 0.53 9.6
EDGENTA 2.94 2.91 2.95 2.91 9.6
TECFAST 0.325 0.32 0.335 0.32 9.6
KKB* 1.4 1.34 1.41 1.34 9.5
UNIMECH 1.25 1.23 1.27 1.23 9.3
MICROLN 0.51 0.47 0.525 0.47 9.2
THETA 0.495 0.475 0.505 0.475 9.1
SIGGAS 0.985 0.97 0.985 0.97 8.9
MAYBULK [NS]* 0.635 0.61 0.64 0.61 8.7
HHHCORP 0.135 0.13 0.14 0.13 8.6
BOILERM* 0.66 0.62 0.68 0.62 8.5
FIAMMA* 0.49 0.475 0.495 0.475 8.5
MBMR* 2.94 2.91 2.95 2.91 8.4
PTARAS* 2.66 2.61 2.67 2.61 8.4
AMVERTON* 1.13 1.09 1.15 1.09 8.4
HOMERIZ* 0.715 0.685 0.735 0.685 8.3
SURIA* 1.38 1.36 1.39 1.36 8.3
EFORCE 0.65 0.625 0.67 0.625 8.3
CAMRES 0.255 0.24 0.27 0.24 8.2
KPJ 0.98 0.97 0.985 0.97 8.2
ECM [NS] 0.285 0.265 0.29 0.265 8.2
WIDAD* 0.25 0.23 0.255 0.23 7.9
TALIWRK* 0.92 0.91 0.93 0.91 7.8
BJTOTO [NS] 2.81 2.8 2.82 2.8 7.8
MHB* 0.825 0.765 0.88 0.765 7.5
CJCEN 0.455 0.435 0.46 0.435 7.4
ZHULIAN* 1.44 1.44 1.45 1.44 7.4
LTKM 1.06 1.02 1.07 1.02 7.1
MPHBCAP [NS]* 1.16 1.15 1.16 1.15 7.1
VELESTO-WA 0.15 0.115 0.17 0.115 7.1
MENANG 0.355 0.33 0.365 0.33 7.0
TECHBND* 0.77 0.76 0.785 0.76 7.0
DUTALND [NS]* 0.445 0.44 0.445 0.44 6.8
SMTRACK 0.24 0.235 0.245 0.235 6.8
HTPADU 0.95 0.93 0.96 0.93 6.8
OSK [NS]* 0.95 0.95 0.955 0.95 6.8
SAPIND 0.805 0.795 0.81 0.795 6.7
JADI 0.055 0.055 0.06 0.055 6.6
ANALABS 1.02 0.72 1.05 0.72 6.6
EASTLND 0.11 0.1 0.115 0.1 6.6
KERJAYA-WB 0.33 0.31 0.345 0.31 6.6
GPACKET [NS]* 0.4 0.39 0.41 0.39 6.5
KLUANG [NS]* 3.46 3.42 3.46 3.42 6.5
KNM 0.395 0.375 0.405 0.375 6.3
MBL 1.22 1.21 1.23 1.21 6.3
TEKSENG 0.305 0.275 0.32 0.275 6.3
VELESTO* 0.325 0.31 0.335 0.31 6.3
FOCUS [NS]* 0.29 0.28 0.3 0.28 6.3
MAGNA* 0.955 0.93 0.96 0.93 6.3
ALAM 0.11 0.1 0.12 0.1 6.3
G3-WA 1.95 1.91 1.98 1.91 6.3
SSTEEL [NS]* 1.07 1.01 1.1 1.01 6.3