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Consider Heikin Ashi to improve hourly direction

Written by Kimball Hall
Tuesday, 23 September 2008
Take a look at the following chart, Heikin Ashi candles were developed to put more emphasis on when the current price is in comparison to the bar before it and where it is in the current bar. Instead of simply tracking the Open, high, low and close of a bar, the Heikin Ashi uses information from the previous bar to calculate the opening and closing price thereby eliminate a lot of the chop seen candle stick charts. The downside is that the current price is often a little above or below the actual current price. If your strategy is looking at longer term charts though, this can be dealt with easily. Even with this minor annoyance learning to use the Heikin Ashi chart will be well worth your time. » 1 Comment 1"fx" at Friday, 17 October 2008 13:36by Manuel Nice point there. I tryed it on my charts and it shows significant deference and is good to confirm the directon of the trend at the moment. I will continue useing it as an additonal indication option. Thanks a lot, » Post Comment Email (will not be published) Name Title Comment remaining characters Post

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