On the surface, Heikin-Ashi candlesticks look just like regular candlesticks. Each candlestick represents four prices within a given period: The open, the high, the low, and the close. However, Heikin-Ashi candlesticks don’t use straight values — they use modified data to produce candlesticks that are smoother and more readable. You get more good information and fewer false signals.
In this video, you’ll see how Heikin-Ashi candlesticks are easier to interpret than their standard cousins. We’ll look at a pair of charts, side-by-side, for the same stock over the same period. The regular candlestick gives us an early false signal, while the Heikin-Ashi version gives us four reliable signals. And that’s not all:
In this episode, you’ll learn:
-How the modified values of a Heikin-Ashi candlestick are calculated, and what they mean.
-The five things to look for on a Heikin-Ashi candlestick chart.
-Why Heikin-Ashi candelstick charts aren’t always superior to regular ones.
-How to add Heikin-Ashi candlesticks to your own charts.
CEO, Wealthpire Inc.
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