Heikin-Ashi Strong Selling Pressure

Last Updated: Wed, 08 Dec 2021 15:08:30

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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Disclaimer: Use of the information herein is at one's own risk. The information provided here is not, and must not be construed to be, or form part of, any recommendation, offer or invitation to buy or sell any securities. Some of the information here is exclusively for iSaham clients only.

Stock Last Price HA-Close HA-Open HA-High HA-Low iSaham Score
AEONCR [NS] 13.26 13.26 13.37 13.37 13.22
HARTA 5.63 5.7 6.02 6.02 5.62
KOSSAN 1.93 1.91 1.98 1.98 1.88
PTARAS 2.76 2.77 2.79 2.79 2.76
ELKDESA [NS] 1.33 1.33 1.33 1.33 1.32
COMFORT 1.06 1.07 1.15 1.15 1.05
TOPGLOV 2.45 2.47 2.61 2.61 2.41
TAKAFUL 3.63 3.63 3.64 3.64 3.61
UMCCA 5.06 5.08 5.17 5.17 5.06
ESCERAM 0.4 0.4 0.41 0.41 0.4
HCK 2.09 2.1 2.13 2.13 2.09
TONGHER 2.79 2.8 2.82 2.82 2.79
BIMB 2.89 2.89 2.91 2.91 2.87
BPLANT 0.665 0.67 0.68 0.68 0.66
SUPERMX 1.52 1.54 1.63 1.63 1.49
STELLA 0.95 0.955 0.97 0.97 0.95
TAFI 2.06 2.08 2.16 2.16 2.05
TAMBUN 0.71 0.71 0.73 0.73 0.71
DIGI 4.06 4.04 4.09 4.09 3.99
OCNCASH 0.39 0.4 0.41 0.41 0.39
PHARMA 0.77 0.77 0.79 0.79 0.76
KENANGA [NS] 1.16 1.17 1.19 1.19 1.16
LSTEEL 0.61 0.61 0.615 0.615 0.605
MILUX 1.26 1.29 1.33 1.33 1.26
RUBEREX [NS] 0.525 0.53 0.575 0.575 0.52
CAREPLS 1.01 1.02 1.11 1.11 0.995
NCT 0.44 0.435 0.45 0.45 0.43
UNIMECH 1.38 1.39 1.42 1.42 1.38
CBIP 1.18 1.19 1.23 1.23 1.18
HLT [NS] 0.5 0.51 0.565 0.565 0.495
AJIYA 0.77 0.77 0.815 0.815 0.76
ADVENTA 1.12 1.13 1.23 1.23 1.1
CFM 0.6 0.605 0.62 0.62 0.6
GDB 0.445 0.45 0.45 0.45 0.44
GKENT 0.64 0.65 0.65 0.65 0.64
PRLEXUS 0.41 0.415 0.42 0.42 0.41
SAMAIDEN 1.04 1.04 1.05 1.05 1.03
ESAFE 0.26 0.26 0.27 0.27 0.26
HAPSENG [NS] 7.45 7.51 7.67 7.67 7.41
HARNLEN 0.665 0.67 0.68 0.68 0.66
MAHSING 0.7 0.71 0.715 0.715 0.7
TEKSENG 0.39 0.39 0.4 0.4 0.39
EUROSP 1.1 1.12 1.16 1.16 1.1
BTECH 0.355 0.36 0.365 0.365 0.355
UOADEV 1.63 1.62 1.63 1.63 1.62
EMICO 0.31 0.32 0.33 0.33 0.31
JOHAN [NS] 0.08 0.08 0.09 0.09 0.075
AXIATA 3.77 3.75 3.77 3.77 3.7
MBMR 3.07 3.08 3.09 3.09 3.07
TMCLIFE 0.535 0.54 0.55 0.55 0.53
BESHOM [NS] 1.69 1.69 1.75 1.75 1.68
MEGASUN 0.12 0.12 0.12 0.12 0.12
SERSOL-WA 0.22 0.215 0.22 0.22 0.215
TANCO 0.215 0.215 0.22 0.22 0.21
HEXZA [NS] 1.02 1.02 1.05 1.05 1.01
LUSTER [NS] 0.12 0.12 0.12 0.12 0.12
NOTION 0.35 0.35 0.36 0.36 0.345
NWP 0.245 0.245 0.26 0.26 0.235
YB 0.39 0.4 0.41 0.41 0.39
HLT-WA [NS] 0.355 0.355 0.41 0.41 0.34
OMH [NS] 2.69 2.69 2.74 2.74 2.66
APOLLO 4.15 4.16 4.17 4.17 4.15
SEAL 0.29 0.285 0.29 0.29 0.285
SWSCAP 0.4 0.4 0.415 0.415 0.4
MBSB [NS] 0.545 0.55 0.56 0.56 0.54
BRAHIMS 0.075 0.075 0.075 0.075 0.07
GCAP 0.505 0.5 0.51 0.51 0.5
MCEMENT 2.36 2.37 2.43 2.43 2.35
NAIM 0.615 0.615 0.62 0.62 0.61
CCK 0.53 0.53 0.54 0.54 0.53