The Heikin-Ashi chart looks very similar to your usual Japanese candlesticks, which are an extremely popular and convenient technical analysis tool. However, Heiken-Ashi is calculated based on a unique formula, which is completely different from the standard one. Today, I’m going to tell you how the Heiken-Ashi bars work, and how they differ from Japanese candlesticks, how to read their signals, and how to trade in the Forex market.
What Are Heikin-Ashi Candlesticks?
“Heikin Ashi” means “average bar” in Japanese. Interestingly, there is no correct spelling of this phrase in the Latin alphabet. Some well-known traders and publications use “Heikin-Ashi”…. Read full author’s opinion and review in blog of #LiteForex