HEIKIN - Average, ASHI - Pace
Heikin Ashi pattern represents the average pace of the prices. These patterns are useful for getting an idea of the price trend.
The regular candlestick patterns have no correlation between two consecutive candles.
However, a Heikin Ashi bar is based on the previous day's low, high, open and closing prices. The bar starts from the middle of the previous day's candle.
The size, color and relative direction of the candlestick help draw conclusions about the trend of the price movement.
The Heikin Ashi candles do not show true prices. Use it as an indicator to understand the market trend
Don't use this pattern for scalping strategies.
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