Heikin-Ashi Strong Selling Pressure

Last Updated: Fri, 24 Sep 2021 17:01:01

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
SLVEST-WA 0.595 0.605 0.605 0.59 4.1
JCY 0.32 0.32 0.32 0.32 4.0
KAMDAR 0.26 0.27 0.27 0.26 4.0
NOVAMSC 0.125 0.125 0.125 0.12 4.0
HEKTAR [NS] 0.575 0.58 0.58 0.57 4.0
BIOHLDG-WA 0.045 0.045 0.045 0.04 4.0
KNM [NS] 0.235 0.24 0.24 0.23 3.9
TPC 0.205 0.23 0.23 0.2 3.9
SMETRIC 0.13 0.13 0.13 0.125 3.9
TFP-WB 0.1 0.14 0.14 0.09 3.9
HTPADU 1.31 1.32 1.32 1.3 3.8
ADVENTA 1.23 1.29 1.29 1.2 3.8
TFP 0.12 0.17 0.17 0.1 3.7
TAWIN-WA 0.06 0.07 0.07 0.06 3.7
EWEIN-WB 0.075 0.075 0.075 0.07 3.7
SPRING 0.24 0.25 0.25 0.24 3.7
IQZAN 0.075 0.08 0.08 0.07 3.6
SBCCORP 0.4 0.41 0.41 0.39 3.6
JIANKUN-WA 0.045 0.06 0.06 0.04 3.6
HLT-WA 0.36 0.38 0.38 0.35 3.6
EDUSPEC-WB 0.01 0.01 0.01 0.01 3.6
SCC [NS] 0.38 0.39 0.39 0.38 3.5
GETS 1.74 1.78 1.78 1.72 3.5
JOHAN [NS] 0.1 0.1 0.1 0.1 3.4
HOOVER 0.81 1.0 1.0 0.77 3.3
YNHPROP 2.67 2.68 2.68 2.66 3.3
KAREX 0.45 0.45 0.45 0.44 3.3
ASIAPLY-WB 0.105 0.12 0.12 0.1 3.3
PERMAJU-WA 0.04 0.05 0.05 0.04 3.3
LUSTER-WB 0.07 0.07 0.07 0.07 3.2
MELEWAR-WB 0.28 0.28 0.28 0.27 3.2
SAPNRG-WA 0.06 0.06 0.06 0.06 3.2
G3 0.09 0.1 0.1 0.09 3.1
KPOWER-WA 0.21 0.215 0.215 0.2 3.1
PGLOBE 0.32 0.77 0.77 0.3 3.0
JAKS-WB 0.25 0.26 0.26 0.245 2.9
BJCORP-WC [NS] 0.06 0.06 0.06 0.06 2.8
FSBM-WA 0.03 0.06 0.06 0.02 2.8
ICON-WA 0.06 0.06 0.06 0.05 2.8
BPURI 0.05 0.05 0.05 0.045 2.7
LUSTER-WA 0.04 0.04 0.04 0.04 2.7
PASUKGB 0.06 0.075 0.075 0.06 2.6
HEALTH CARE [NS] 2483.05 2522.93 2522.93 2461.33 2.5
UTILITIES [NS] 900.3 906.55 906.55 894.35 2.5
REACH 0.075 0.08 0.08 0.075 2.4
CCK-WA 0.07 0.07 0.07 0.07 2.4
SMCAP-WC 0.14 0.15 0.15 0.14 2.2
PWORTH 0.09 0.1 0.1 0.09 2.0
OCR-WD 0.04 0.04 0.04 0.03 2.0
COMFORT-WB 0.345 0.36 0.36 0.34 1.8
MUDAJYA [NS] 0.185 0.185 0.185 0.18 1.6