Heikin-Ashi Strong Buying Pressure

Last Updated: Wed, 17 Jul 2019 20:29:14

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
P&O [NS]* 0.99 0.99 0.995 0.99 6.2
SEM [NS]* 1.47 1.29 1.48 1.29 6.2
G3 [NS]* 2.16 2.03 2.2 2.03 6.1
EKOVEST* 0.85 0.825 0.865 0.825 5.9
SEALINK 0.205 0.19 0.21 0.19 5.9
AMBANK [NS] 4.32 4.3 4.34 4.3 5.9
SMCAP 0.175 0.17 0.18 0.17 5.8
VSOLAR 0.205 0.185 0.215 0.185 5.8
NGGB-WA 0.165 0.155 0.17 0.155 5.8
SAPNRG-WA 0.13 0.12 0.145 0.12 5.8
TAANN* 2.26 1.7 2.27 1.7 5.7
BTECH 0.24 0.24 0.245 0.24 5.7
MARCO [NS] 0.115 0.115 0.12 0.115 5.6
ENCORP [NS] 0.35 0.335 0.355 0.335 5.6
BRAHIMS 0.125 0.105 0.145 0.105 5.5
VC 0.205 0.18 0.215 0.18 5.5
CABNET 0.23 0.22 0.24 0.22 5.5
SCOMIES 0.11 0.1 0.125 0.1 5.4
PWROOT-WA 0.72 0.695 0.74 0.695 5.4
IJACOBS-WA 0.075 0.06 0.08 0.06 5.3
SRIDGE 0.23 0.225 0.235 0.225 5.1
LAFMSIA* 3.54 3.45 3.58 3.45 5.0
BJFOOD [NS]* 1.6 1.21 1.61 1.21 5.0
REACH-WA 0.06 0.05 0.075 0.05 5.0
TEKSENG-WA 0.085 0.065 0.095 0.065 5.0
ZECON 0.28 0.27 0.285 0.27 4.9
ENERGY 1119.66 1105.24 1127.43 1105.24 4.7
ALAM-WA 0.055 0.05 0.07 0.05 4.7
FITTERS 0.435 0.425 0.45 0.425 4.6
MLAB [NS] 0.05 0.045 0.05 0.045 4.6
LIENHOE [NS] 0.29 0.27 0.3 0.27 4.6
GPACKET-WB 0.12 0.105 0.125 0.105 4.6
CHOOBEE 1.51 1.49 1.54 1.49 4.5
IRETEX 0.1 0.095 0.1 0.095 4.5
MBG 0.81 0.795 0.815 0.795 4.5
KNM-WB 0.295 0.225 0.315 0.225 4.5
ANNJOO* 1.55 1.54 1.57 1.54 4.3
LFECORP 0.135 0.125 0.135 0.125 4.2
REACH* 0.2 0.18 0.225 0.18 4.2
SOLUTN 0.095 0.095 0.1 0.095 4.2
VC-WB 0.07 0.05 0.08 0.05 4.2
COASTAL [NS]* 0.95 0.94 0.955 0.94 4.1
PRKCORP 0.395 0.385 0.395 0.385 4.1
CCK-WA 0.115 0.105 0.115 0.105 4.1
DNONCE-WA [NS] 0.18 0.17 0.185 0.17 3.8
THRIVEN-WB 0.06 0.06 0.065 0.06 3.6
ANCOMLB 0.075 0.07 0.08 0.07 3.4
AISB 0.255 0.225 0.28 0.225 3.0
ICON 0.095 0.09 0.105 0.09 2.4
TALAMT 0.04 0.04 0.045 0.04 2.2
XDL-WD 0.015 0.01 0.015 0.01 2.1