Resolved Question
How do you use heiken ashi and ichimoku indicators??
please tell me how or give me sites that give simple explanations about it, thank you!!
about 1 year ago
Best Answer - Chosen by Voters
Hi mate! Your question is interesting so I took pains on looking for information about the two indicators (which both sound Japanese to me). I have found some juicy info from one forum site. Read through the thread and be the judge of whatever you'd learn. :)
about 1 year ago
Source(s):
Answers (1)
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.
about 1 year ago
Source(s):
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