Heikin-Ashi Strong Selling Pressure

Heikin-Ashi Strong Selling Pressure

Last Updated: Mon, 18 Jun 2018 16:59:28

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.

Stock HA-Close HA-Open HA-High HA-Low iSaham Score
AJI* 22.04 22.25 22.25 22.0 13.9
AEONCR [NS] 14.37 14.64 14.64 14.26 13.2
PBBANK [NS] 23.86 24.12 24.12 23.5 11.8
ASTINO* 0.8 0.805 0.805 0.795 11.6
BAT [NS] 35.11 36.24 36.24 34.0 11.5
LYSAGHT [NS] 3.36 3.38 3.38 3.35 11.2
CCK* 0.915 0.95 0.95 0.9 11.1
LEESK 0.865 0.88 0.88 0.855 11.1
CAB* 0.95 0.965 0.965 0.94 11.0
ORIENT [NS] 6.54 6.54 6.54 6.52 11.0
BPLANT 1.27 1.28 1.28 1.27 10.4
IQGROUP 1.4 1.41 1.41 1.38 10.2
HLIND 11.15 11.44 11.44 11.02 10.2
RCECAP [NS]* 1.5 1.54 1.54 1.49 10.2
SIME 2.5 2.54 2.54 2.45 10.1
HLBANK [NS] 18.71 18.99 18.99 18.54 10.1
POHUAT* 1.3 1.31 1.31 1.3 10.0
SAM* 7.55 7.62 7.62 7.5 10.0
AEM [NS] 0.165 0.165 0.165 0.16 10.0
DIALOG 3.28 3.36 3.36 3.2 9.9
HEIM [NS] 21.75 22.19 22.19 21.5 9.9
PETRONM 7.87 8.05 8.05 7.8 9.9
DNEX* 0.42 0.425 0.425 0.415 9.8
UNISEM 2.39 2.45 2.45 2.38 9.8
YSPSAH* 2.62 2.63 2.63 2.61 9.8
SAMCHEM [NS]* 1.02 1.04 1.04 1.0 9.8
CARLSBG [NS] 19.8 20.01 20.01 19.7 9.8
CCMDBIO* 1.38 2.34 2.34 1.34 9.7
PMETAL 4.36 4.43 4.43 4.33 9.6
SURIA* 1.65 1.66 1.66 1.65 9.5
CCM* 2.34 2.35 2.35 2.33 9.3
KPJ 1.04 1.06 1.06 1.01 9.3
LAYHONG* 0.925 0.93 0.93 0.92 9.3
FARLIM [NS] 0.425 0.44 0.44 0.425 9.3
MALTON* 0.525 0.54 0.54 0.52 9.1
TASCO* 1.79 1.82 1.82 1.77 9.0
SKPRES 1.5 1.56 1.56 1.47 8.9
ALLIANZ [NS] 13.16 13.38 13.38 13.1 8.9
KERJAYA 1.55 1.55 1.55 1.54 8.8
KPSCB 0.59 0.605 0.605 0.58 8.7
TROP* 0.825 0.835 0.835 0.825 8.6
MFLOUR [NS]* 1.45 1.48 1.48 1.44 8.6
SERBADK 3.24 3.28 3.28 3.2 8.6
HENGYUAN [NS] 6.79 6.93 6.93 6.61 8.5
KIMLUN* 1.38 1.39 1.39 1.36 8.4
LITRAK 4.47 4.63 4.63 4.4 8.4
SCC [NS] 0.5 0.51 0.51 0.5 8.4
OSK [NS] 0.995 1.0 1.0 0.99 8.4
KMLOONG [NS]* 1.33 1.33 1.33 1.32 8.3
PMBTECH* 3.1 3.26 3.26 3.05 8.3
SSTEEL [NS]* 1.68 1.69 1.69 1.66 8.3
IOIPG 1.63 1.69 1.69 1.61 8.2
MNRB [NS]* 2.44 2.45 2.45 2.43 8.2
AEON 2.38 2.41 2.41 2.36 8.2
PESTECH* 1.57 1.62 1.62 1.54 8.1
GAMUDA 3.43 3.53 3.53 3.35 8.0
MSNIAGA 1.2 1.25 1.25 1.18 8.0
PESONA* 0.265 0.27 0.27 0.255 8.0
GENM [NS] 5.07 5.16 5.16 5.05 8.0
ABMB [NS] 4.18 4.29 4.29 4.13 8.0
PANTECH* 0.59 0.61 0.61 0.58 7.9
EG 0.495 0.5 0.5 0.485 7.8
MAHSING 1.11 1.14 1.14 1.1 7.8
SUCCESS* 0.845 0.855 0.855 0.84 7.8
COASTAL* 0.99 1.01 1.01 0.985 7.7
RGB [NS]* 0.25 0.255 0.255 0.25 7.7
DLADY 67.59 68.07 68.07 67.2 7.6
MEDIAC* 0.305 0.315 0.315 0.305 7.6
WPRTS 3.42 3.47 3.47 3.39 7.6
MQREIT [NS]* 1.14 1.15 1.15 1.14 7.6