Heikin-Ashi Strong Selling Pressure

Last Updated: Fri, 25 Sep 2020 20:22:43

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: AK.

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Stock HA-Close HA-Open HA-High HA-Low iSaham Score
DIALOG 3.77 3.81 3.81 3.75 11.7
SAB* 3.71 3.73 3.73 3.7 11.2
HLFG [NS] 13.87 14.1 14.1 13.8 10.1
SOP 3.68 3.72 3.72 3.63 9.9
KHIND 2.0 2.1 2.1 1.93 9.3
PPB 18.67 18.99 18.99 18.4 9.1
HEIM [NS] 20.91 21.29 21.29 20.74 9.0
HCK [NS]* 1.22 1.24 1.24 1.21 8.9
SWKPLNT* 1.89 1.91 1.91 1.86 8.7
KMLOONG 1.36 1.38 1.38 1.35 8.5
CARLSBG [NS] 20.8 21.22 21.22 20.64 8.4
SERBADK 1.67 1.68 1.68 1.65 8.2
SAM* 6.71 6.81 6.81 6.63 8.1
HUPSENG* 0.92 0.93 0.93 0.91 7.9
REXIT [NS] 0.665 0.665 0.665 0.66 7.9
FGV 1.19 1.21 1.21 1.18 7.8
KOTRA 3.03 3.07 3.07 3.01 7.8
GDEX* 0.345 0.345 0.345 0.34 7.6
MENTIGA 0.465 0.49 0.49 0.45 7.6
MACPIE 0.455 0.49 0.49 0.43 7.6
DPS 0.105 0.105 0.105 0.1 7.5
HSPLANT* 1.65 1.69 1.69 1.64 7.5
MYEG 1.27 1.31 1.31 1.24 7.5
CCK* 0.505 0.51 0.51 0.5 7.4
LPI [NS] 12.98 13.02 13.02 12.96 7.4
HOHUP* 0.405 0.42 0.42 0.4 7.2
MBL 0.625 0.645 0.645 0.61 7.2
YINSON 5.72 5.83 5.83 5.68 7.2
GAMUDA 3.27 3.38 3.38 3.24 7.1
MALTON* 0.465 0.49 0.49 0.46 7.1
PESONA 0.24 0.255 0.255 0.235 7.1
TECFAST 0.35 0.36 0.36 0.345 7.1
MPCORP [NS] 0.175 0.185 0.185 0.17 7.1
ABMB [NS] 2.17 2.19 2.19 2.16 7.1
GOODWAY 0.65 0.66 0.66 0.64 6.9
BIMB 3.45 3.51 3.51 3.44 6.8
SHCHAN 0.395 0.44 0.44 0.39 6.8
MMAG* 0.775 1.11 1.11 0.72 6.8
IDMENSN [NS] 0.08 0.085 0.085 0.075 6.7
MATRIX* 1.69 1.71 1.71 1.69 6.7
POLY 0.39 0.4 0.4 0.37 6.7
MGB* 0.795 0.8 0.8 0.785 6.7
MHC 0.585 0.61 0.61 0.58 6.6
MCEHLDG 0.97 1.06 1.06 0.91 6.6
MQREIT [NS] 0.76 0.765 0.765 0.76 6.6
TOMEI [NS] 0.84 0.88 0.88 0.825 6.6
N2N* 0.695 0.7 0.7 0.685 6.6
PIE* 1.47 1.49 1.49 1.47 6.5
T7GLOBAL* 0.435 0.45 0.45 0.43 6.4
WELLCAL* 0.84 0.855 0.855 0.84 6.4
ELKDESA [NS]* 1.4 1.41 1.41 1.4 6.4
CHGP 0.44 0.46 0.46 0.435 6.3
ILB [NS] 0.34 0.345 0.345 0.335 6.3
KPS* 0.735 0.77 0.77 0.725 6.3
PA 0.075 0.08 0.08 0.075 6.3
FOCUS [NS]* 2.21 2.37 2.37 2.12 6.3
FOCUSP 0.52 0.53 0.53 0.51 6.3
GESHEN 0.565 0.6 0.6 0.55 6.2
LOTUS 0.27 0.28 0.28 0.265 6.2
VIS 0.465 0.48 0.48 0.45 6.2
MAYBANK [NS] 7.11 7.18 7.18 7.08 6.2
HIAPTEK* 0.185 0.195 0.195 0.18 6.1
KARYON 0.2 0.205 0.205 0.2 6.1
MISC 7.35 7.47 7.47 7.21 6.1
CEPAT* 0.59 0.61 0.61 0.58 6.0
GREENYB 0.175 0.18 0.18 0.17 6.0
SYMLIFE* 0.605 0.64 0.64 0.59 6.0
ABLEGRP 0.12 0.13 0.13 0.115 6.0
KAB* 0.94 0.955 0.955 0.92 6.0
DAYANG 1.0 1.03 1.03 0.99 5.9