Heikin-Ashi Strong Selling Pressure

Last Updated: Tue, 07 Apr 2020 17:45:29

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 filled Heikin-Ashi candlestick shows strong selling pressure over a two day period. Absence of an upper shadow also reflects selling pressure.

Contributor: Azhar Khamaruzaman.

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Stock HA-Close HA-Open HA-High HA-Low iSaham Score
YNHPROP* 2.62 2.67 2.67 2.59 6.2
GMUTUAL 0.25 0.295 0.295 0.225 6.1
GLOMAC* 0.29 0.295 0.295 0.29 5.9
HCK [NS]* 1.19 1.21 1.21 1.18 5.9
MBWORLD* 0.935 0.98 0.98 0.93 5.5
DKLS 1.5 1.52 1.52 1.49 5.4
IMASPRO 2.12 2.13 2.13 2.08 5.2
NHFATT* 1.92 1.96 1.96 1.9 5.1
WANGZNG [NS] 0.75 0.78 0.78 0.745 5.1
SRIDGE 0.38 0.39 0.39 0.375 5.0
LYSAGHT [NS] 2.18 2.25 2.25 2.14 4.9
XDL [NS]* 0.08 0.085 0.085 0.075 4.9
SHCHAN 0.245 0.275 0.275 0.24 4.6
HIL 0.51 0.53 0.53 0.505 4.5
SAPIND 0.43 0.44 0.44 0.43 4.2
FOCUS [NS]* 0.53 0.575 0.575 0.5 4.2
BJFOOD [NS]* 1.16 1.17 1.17 1.15 4.2
DOMINAN* 0.885 0.96 0.96 0.845 4.1
MYETFID 0.875 0.9 0.9 0.86 4.1
P&O [NS]* 0.815 0.825 0.825 0.81 3.9
CMMT [NS] 0.89 0.915 0.915 0.88 3.9
LIENHOE [NS] 0.2 0.21 0.21 0.195 3.9
SUNREIT [NS] 1.58 1.59 1.59 1.57 3.7
CVIEW 1.02 1.11 1.11 1.02 3.5
SBAGAN [NS] 2.58 2.67 2.67 2.55 3.0
ENRA 0.93 1.2 1.2 0.9 2.6
WOODLAN 0.425 0.455 0.455 0.4 2.6
DOMINAN-WA 0.005 0.035 0.035 0.005 1.8
MMAG-WB 0.05 0.07 0.07 0.045 1.8
KIMLUN-WA 0.185 0.195 0.195 0.175 1.3
CAELY-WA 0.1 0.125 0.125 0.09 1.2
MAGNA-WB 0.035 0.05 0.05 0.03 0.9