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Ichimoku Kinko Hyo is an equilibrium chart used in technical analysis. The chart's name means, roughly, "equilibrium chart at a glance", which also describes its function: providing information about the equilibrium behavior of an asset with a single look. To learn more about ichimoku, kindly click the link below.
The heiken ashi technique, on the other hand, is another type of candlestick chart that is similar to the traditional OHLC but differs slightly in its computation. The heiken ashi uses a modified formula seen below:
Close = (Open+High+Low+Close)/4
Open = [Open (previous bar) + Close (previous bar)]/2
High = Max (High,Open,Close)
Low = Min (Low,Open, Close)
This technique can be used to identify a given trend more easily. Hollow candles used to signal an uptrend, while filled candles are used to signal a downtrend.
