The heikin-ashi method {heikin means "average" or "balance" in Japanese, while ashi means "foot" or "bar") is a visual technique that eliminates irregularities from a normal chart, offering a better picture of trends and consolidations.
Just by looking at a candlestick chart created with this method, you get a good idea of the market's status and its strength. Using modified open-high-low-close (OHLC) values and displays, the heikin-ashi technique displays them as candlesticks.
The main advantage of this simple method is a better visual perspective of the current status and strength of the trend or consolidation, and a possible anticipation of the next bar's strength. As with any other charting method, the heikin-ashi is not 100% reliable and therefore should be combined with other technical indicators. Discover a new perspective on candlestick charting using this method by downloading this free guide now ... download the eBook to read more
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