Heikin-Ashi Strong Selling Pressure

Last Updated: Fri, 10 Jul 2020 17:01:48

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
AJI* 16.27 16.59 16.59 16.1 11.9
OPENSYS 0.795 0.815 0.815 0.775 11.7
DAIBOCI* 2.44 2.45 2.45 2.42 10.1
MYEG 1.47 1.5 1.5 1.45 10.1
TAKAFUL 4.54 4.6 4.6 4.53 10.1
UTDPLT 13.29 13.41 13.41 13.18 10.1
PARAMON* 0.895 0.915 0.915 0.88 10.0
LIIHEN* 2.69 2.74 2.74 2.66 9.5
MASTER 1.88 1.91 1.91 1.85 9.1
HOHUP* 0.525 0.53 0.53 0.515 8.8
FIMACOR* 1.63 1.64 1.64 1.62 8.7
KPOWER 2.8 2.91 2.91 2.64 8.7
PETGAS 16.68 16.95 16.95 16.52 8.6
HLBANK [NS] 14.5 14.56 14.56 14.46 8.5
YSPSAH* 2.32 2.34 2.34 2.31 8.4
SERBADK 1.7 1.73 1.73 1.67 8.4
JIANKUN 0.38 0.39 0.39 0.38 8.3
DKSH* 2.53 2.54 2.54 2.5 8.2
PPHB* 0.705 0.71 0.71 0.695 8.1
INNO* 0.705 0.715 0.715 0.7 8.0
ALLIANZ [NS] 14.04 14.26 14.26 13.9 8.0
TEKSENG 0.62 0.635 0.635 0.61 7.9
KRETAM* 0.485 0.505 0.505 0.47 7.8
PWROOT* 2.23 2.28 2.28 2.2 7.8
AMWAY* 5.13 5.15 5.15 5.11 7.6
DLADY 43.05 43.48 43.48 42.8 7.5
UCHITEC* 2.54 2.59 2.59 2.51 7.5
CME 0.04 0.04 0.04 0.035 7.4
DAYANG 1.3 1.33 1.33 1.28 7.4
MALAKOF 0.975 0.99 0.99 0.965 7.4
ANZO [NS] 0.2 0.21 0.21 0.195 7.2
FIHB 0.44 0.465 0.465 0.43 7.2
KFIMA* 1.62 1.63 1.63 1.61 7.2
SOP 2.99 3.02 3.02 2.97 7.2
RGTECH 0.345 0.355 0.355 0.34 7.2
LOTUS-WB 0.19 0.2 0.2 0.185 7.2
CARIMIN* 0.66 0.67 0.67 0.65 7.1
YILAI 0.995 1.01 1.01 0.99 7.1
KESM* 8.17 8.34 8.34 8.0 7.1
MBMR* 3.21 3.27 3.27 3.18 7.0
SIGGAS 0.44 0.45 0.45 0.425 7.0
HAIO [NS]* 1.91 1.93 1.93 1.88 7.0
KOMARK 0.455 0.465 0.465 0.45 6.8
POLY 0.4 0.41 0.41 0.39 6.8
HTPADU 1.08 1.12 1.12 1.06 6.8
DANCO 0.395 0.4 0.4 0.39 6.8
MALTON* 0.38 0.385 0.385 0.375 6.6
SURIA* 0.975 0.985 0.985 0.96 6.6
SYSTECH 0.18 0.18 0.18 0.175 6.6
IGBREIT [NS] 1.8 1.81 1.81 1.79 6.6
DPIH [NS] 0.175 0.18 0.18 0.17 6.6
PNEPCB 1.02 1.03 1.03 1.02 6.4
YOCB 0.65 0.655 0.655 0.645 6.4
KSENG [NS]* 3.75 3.8 3.8 3.75 6.4
BARAKAH 0.045 0.045 0.045 0.04 6.3
PADINI 2.39 2.42 2.42 2.38 6.3
PCCS-WA 0.1 0.105 0.105 0.095 6.3
HARBOUR* 0.51 0.51 0.51 0.505 6.2
KGB* 0.98 0.99 0.99 0.97 6.2
PCHEM 6.32 6.57 6.57 6.21 6.2
BAT [NS] 10.54 10.66 10.66 10.4 6.2
COASTAL [NS]* 0.685 0.7 0.7 0.67 6.1
GAMUDA 3.48 3.53 3.53 3.44 6.1
OCK [NS]* 0.525 0.54 0.54 0.52 6.1
INNATURE 0.37 0.385 0.385 0.36 6.1
KYM 0.245 0.285 0.285 0.22 5.9
UZMA* 0.6 0.61 0.61 0.59 5.9
ATRIUM [NS] 1.02 1.03 1.03 1.02 5.9
JERASIA [NS] 0.255 0.265 0.265 0.25 5.8
TENAGA 11.39 11.58 11.58 11.22 5.8