Heikin-Ashi indicator is look like chart candlestick but the system is different. Calculation formula between heiken ashi indicator and candlestick chart is different. In candlestick chart you can fin open price, high price, low price and close price in a period of time. Each candlestick bar in candlestick chart has no correlation with the previous candlestick. In the simple words, each candlestick bar has own calculation and story.
Heiken ashi indicator eliminates the fluctuation price to get continuation or reversal pattern signal of the market.
Heiken ashi has bearish and bullish candle in chart,
- In bearish market, Heiken ashi indicator candlestick has long lower tail or shadow and heiken ashi bearish has long candlestick body too. Long candlestick bearish Heiken ashi body indicated that market in strong down trend or strong bearish market.
- In bullish market , Heiken ashi indicator candlestick has long upper tail or shadow and heiken ashi bullish has long candlestick body too. Long bullish candlestick heiken ashi body indicated that market in strong down trend or strong bullish market
Different with candlestick chart, Heiken ashi indicator calculated using information data from the previous candlestick. Heiken ashi candlestick indicator formed with :
Heiken ashi close price calculated from the average of open price, high price, low price and closing price
Heiken ashi open price calculated from the average data open and close price from the previous candle bar.
Heiken ashi high price picked from the highest value between open, high, and close price
Heiken ashi low price picked from the lowest value between open , low, and close price.
How Heiken ashi determine a reversal ?
As candlestick chart, Heiken ashi can determine reversal pattern in trading technical, Heiken ashi candlestick indicator gives reversal pattern signal as candlestick chart, Doji candlestick , hammer, hanging man and etc can occurs in heiken ashi indicator candlestick.
Forex technical trading has improved with many indicators , trading system and etc. As with any other indicator in technical technique, it to risky to enter trade on this single heiken ashi indicator chart alone, you need other indicator to support your trading system to gives the better results. The moving average trend indicator, Bollinger bands as volatility indicator, stochastic as overbought oversold indicator, volume indicator and other indicator can be your supporting indicators in your strategy.
Heiken ashi is good indicator, Heiken ashi help you to be patient when analysis the market trend.
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Heiken ashi indicator eliminates the fluctuation price to get continuation or reversal pattern signal of the market.
Heiken ashi has bearish and bullish candle in chart,
- In bearish market, Heiken ashi indicator candlestick has long lower tail or shadow and heiken ashi bearish has long candlestick body too. Long candlestick bearish Heiken ashi body indicated that market in strong down trend or strong bearish market.
- In bullish market , Heiken ashi indicator candlestick has long upper tail or shadow and heiken ashi bullish has long candlestick body too. Long bullish candlestick heiken ashi body indicated that market in strong down trend or strong bullish market
Different with candlestick chart, Heiken ashi indicator calculated using information data from the previous candlestick. Heiken ashi candlestick indicator formed with :
Heiken ashi close price calculated from the average of open price, high price, low price and closing price
Heiken ashi open price calculated from the average data open and close price from the previous candle bar.
Heiken ashi high price picked from the highest value between open, high, and close price
Heiken ashi low price picked from the lowest value between open , low, and close price.
How Heiken ashi determine a reversal ?
As candlestick chart, Heiken ashi can determine reversal pattern in trading technical, Heiken ashi candlestick indicator gives reversal pattern signal as candlestick chart, Doji candlestick , hammer, hanging man and etc can occurs in heiken ashi indicator candlestick.
Forex technical trading has improved with many indicators , trading system and etc. As with any other indicator in technical technique, it to risky to enter trade on this single heiken ashi indicator chart alone, you need other indicator to support your trading system to gives the better results. The moving average trend indicator, Bollinger bands as volatility indicator, stochastic as overbought oversold indicator, volume indicator and other indicator can be your supporting indicators in your strategy.
Heiken ashi is good indicator, Heiken ashi help you to be patient when analysis the market trend.
other posts
- zup indicator download 2012
- definition of bundes obligation
- atr levels free download
- wavetrend trendwave
- chanel candlel indicators forx factry free download
