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
COMFORT* 0.78 0.775 0.78 0.775 6.4
TASCO [NS]* 1.19 1.1 1.22 1.1 6.4
CAREPLS 0.15 0.15 0.155 0.15 6.3
DBHD 0.425 0.415 0.44 0.415 6.3
ADVENTA 0.57 0.545 0.575 0.545 6.3
ADVPKG 2.18 2.15 2.2 2.15 6.3
DSONIC-WA 0.575 0.54 0.59 0.54 6.3
REVENUE-WA 0.755 0.725 0.78 0.725 6.3
DGSB 0.1 0.095 0.1 0.095 6.2
NTPM* 0.525 0.51 0.53 0.51 6.2
SERNKOU-WA 0.495 0.47 0.515 0.47 6.2
FIBON [NS] 0.355 0.35 0.36 0.35 6.1
EG-WC 0.11 0.085 0.12 0.085 6.1
UWC 1.99 1.95 2.02 1.95 6.1
SRIDGE 0.23 0.225 0.23 0.225 5.9
RAPID [NS]* 6.02 5.95 6.04 5.95 5.9
G3-WA 3.36 3.33 3.4 3.33 5.9
MFLOUR-WC 0.34 0.335 0.345 0.335 5.9
HANDAL 0.395 0.38 0.41 0.38 5.8
MCEMENT* 3.17 3.04 3.22 3.04 5.8
INARI-WB 1.53 1.51 1.57 1.51 5.8
VC 0.18 0.17 0.19 0.17 5.5
PWROOT-WA 0.69 0.655 0.7 0.655 5.5
GUH 0.495 0.485 0.5 0.485 5.4
HARBOUR* 0.625 0.61 0.63 0.61 5.4
IWCITY* 0.905 0.89 0.92 0.89 5.4
JCY* 0.21 0.19 0.22 0.19 5.4
OFI 0.65 0.65 0.66 0.65 5.4
MPAY [NS] 0.12 0.11 0.125 0.11 5.3
UMCCA* 5.16 5.14 5.17 5.14 5.3
FBMACE 4872.49 4818.35 4897.96 4818.35 5.3
MACPIE 0.14 0.13 0.14 0.13 5.1
LBALUM 0.495 0.485 0.495 0.485 5.0
PARKSON* 0.23 0.215 0.255 0.215 5.0
GLOTEC 0.37 0.37 0.375 0.37 4.9
SEALINK 0.445 0.43 0.45 0.43 4.9
GOLDETF 2.04 2.03 2.04 2.03 4.9
EWEIN-WB 0.24 0.195 0.27 0.195 4.7
AAX* 0.175 0.17 0.175 0.17 4.6
ABLEGRP 0.07 0.07 0.075 0.07 4.6
PARLO [NS] 0.09 0.08 0.095 0.08 4.6
AZRB-WA 0.2 0.175 0.25 0.175 4.6
HIAPTEK* 0.195 0.195 0.2 0.195 4.5
AJIYA 0.415 0.415 0.42 0.415 4.5
DGB-WB 0.02 0.02 0.025 0.02 4.5
KPS* 0.71 0.685 0.725 0.685 4.3
TOYOINK-WB 0.105 0.1 0.105 0.1 4.3
CENSOF 0.135 0.125 0.135 0.125 4.2
HEXTAR 0.695 0.68 0.7 0.68 4.2
BJFOOD [NS]* 1.48 1.46 1.48 1.46 4.2
SYF 0.2 0.195 0.2 0.195 4.1
KFM 0.145 0.135 0.145 0.135 3.9
OCR-WC 0.045 0.035 0.045 0.035 3.9
EDEN [NS] 0.145 0.14 0.15 0.14 3.8
EURO 0.1 0.095 0.1 0.095 3.8
ENGTEX* 0.58 0.57 0.59 0.57 3.8
ALAM 0.1 0.09 0.1 0.09 3.8
K1-WC 0.09 0.09 0.095 0.09 3.7
NWP 0.1 0.095 0.1 0.095 3.6
FINTEC [NS] 0.05 0.05 0.055 0.05 3.5
KAREX [NS]* 0.455 0.445 0.46 0.445 3.4
DNONCE-WA [NS] 0.145 0.145 0.15 0.145 3.4
VIVOCOM-WE 0.005 0.005 0.01 0.005 3.4
ALAM-WA 0.05 0.045 0.05 0.045 3.3
ALSREIT 0.885 0.865 0.9 0.865 3.0
HCK-WA [NS] 0.24 0.24 0.245 0.24 3.0