Heikin-Ashi: A Better Candlestick - Deepstash

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Heikin-Ashi: A Better Candlestick

investopedia.com

Heikin Ashi Pattern

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.

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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.

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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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