Heikin-Ashi: A Better Candlestick - Deepstash
Heikin-Ashi: A Better Candlestick

Heikin-Ashi: A Better Candlestick

Curated from: investopedia.com

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Heikin Ashi Pattern

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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Heikin Ashi vs Regular Japanese Candlestick Pattern

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 size, color and relative direction of the candlestick help draw conclusions about the trend of the price movement. 

Advantages -

  • Smoothness of price movement 
  • Helps remove noise or false signals.
  • Easier trend analysis

Disadvantages -

  • Lagging indicator
  • Can't spot reversal in time
  • Late exits
  • Not efficient on lower timeframes

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Caution!

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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