Heikin-Ashi Strong Selling Pressure

Heikin-Ashi Strong Selling Pressure

Last Updated: Tue, 23 Apr 2019 12:30:37

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
TAKAFUL 5.31 5.39 5.39 5.25 15.3
HEIM [NS] 24.58 24.61 24.61 24.54 14.7
QL 6.81 6.84 6.84 6.79 12.5
CARLSBG [NS] 25.45 25.62 25.62 25.42 12.5
PANAMY [NS] 37.5 37.91 37.91 37.2 11.3
F&N 33.98 34.56 34.56 33.66 10.9
MYNEWS [NS]* 1.39 1.42 1.42 1.39 10.3
AJI* 17.13 17.28 17.28 17.1 10.1
LEESK 0.875 0.89 0.89 0.855 9.9
LITRAK 4.25 4.28 4.28 4.23 9.2
AMBANK [NS] 4.45 4.46 4.46 4.42 9.1
FIHB 0.405 0.44 0.44 0.39 8.8
PETGAS 17.61 17.69 17.69 17.56 8.5
CANONE* 3.05 3.11 3.11 3.03 8.3
CMSB 3.5 3.54 3.54 3.48 8.3
DIGI 4.51 4.63 4.63 4.49 8.2
BIPORT 4.78 4.88 4.88 4.76 7.5
HSL* 1.44 1.49 1.49 1.43 7.4
PCCS 0.44 0.455 0.455 0.43 7.4
PETDAG 24.21 24.65 24.65 24.02 7.4
MISC 6.6 6.67 6.67 6.59 7.2
SCC [NS] 0.51 0.515 0.515 0.51 7.2
IHH 5.49 5.54 5.54 5.45 7.1
KLK 24.59 24.79 24.79 24.52 7.1
BTECH 0.245 0.245 0.245 0.24 7.1
AMWAY* 6.03 6.07 6.07 6.0 7.1
GDEX* 0.32 0.325 0.325 0.315 6.8
ULICORP 0.59 0.605 0.605 0.585 6.7
VC 0.19 0.19 0.19 0.185 6.4
LUXCHEM* 0.515 0.525 0.525 0.51 6.3
MJPERAK [NS] 0.245 0.25 0.25 0.24 6.3
BCMALL 0.19 0.19 0.19 0.185 6.3
MAXIS 5.37 5.41 5.41 5.34 6.2
SIMEPLT 5.07 5.09 5.09 5.05 6.2
TM 2.9 2.98 2.98 2.86 5.9
LONBISC [NS] 0.34 0.35 0.35 0.33 5.8
MFLOUR [NS]* 0.73 0.74 0.74 0.72 5.8
PCCS-WA 0.195 0.225 0.225 0.185 5.8
PINEAPP 0.335 0.375 0.375 0.33 5.7
BKOON 0.34 0.355 0.355 0.335 5.4
SEDANIA 0.175 0.19 0.19 0.165 5.1
ANCOM 0.465 0.475 0.475 0.46 5.1
MFLOUR-WC 0.41 0.415 0.415 0.405 5.1
SPSETIA 2.23 2.23 2.23 2.22 5.0
TAANN* 2.34 2.36 2.36 2.33 5.0
DOLPHIN 0.13 0.13 0.13 0.125 4.9
POHKONG 0.475 0.48 0.48 0.475 4.7
RAPID [NS]* 5.76 5.78 5.78 5.74 4.7
ENGTEX* 0.875 0.88 0.88 0.87 4.7
HOKHENG 0.56 0.575 0.575 0.55 4.5
SCOPE 0.225 0.23 0.23 0.22 4.3
BSTEAD [NS] 1.24 1.24 1.24 1.23 4.3
BINTAI 0.13 0.13 0.13 0.125 4.3
AXIATA 3.91 4.02 4.02 3.88 4.1
TADMAX 0.21 0.21 0.21 0.205 4.1
LAMBO [NS]* 0.1 0.115 0.115 0.095 4.1
CHHB-WB 0.32 0.345 0.345 0.3 4.0
SDRED* 0.675 0.68 0.68 0.67 3.9
TSH* 1.02 1.03 1.03 1.01 3.7
TELECOMMUNICATIONS & MEDIA 655.68 660.32 660.32 651.32 3.7
EVERGRN* 0.38 0.385 0.385 0.38 3.5
SYF 0.21 0.215 0.215 0.21 3.4
BJLAND [NS]* 0.22 0.225 0.225 0.215 3.4
KLUANG [NS]* 3.17 3.2 3.2 3.1 3.3
SUNZEN [NS] 0.13 0.135 0.135 0.125 3.2
MEDIAC* 0.21 0.21 0.21 0.205 3.1
AYS 0.33 0.335 0.335 0.325 2.9
XINGHE [NS] 0.03 0.03 0.03 0.025 2.6
BRAHIMS 0.115 0.12 0.12 0.11 2.5
PRG-WA 0.32 0.33 0.33 0.315 2.0