Candlesticks in forex
Heiken-ashi candlesticks are also candlesticks in forex sometimes Heikin-ashi candlesticks. Heiken-ashi candlesticks provide interpretation of market trends in a neat and descriptive way. Unlike regular Japanese candles, Heiken-ashi don’t show open, high, low and close. Instead they calculate values of each candlestick based on the dominant forces in the market.
These Heiken-ashi candles are a perfect tool for traders who like following trends to their very extend. Heikin-ashi Candles also looks much more simplified. The trends on Heiken-ashi charts have more distinguished and smoother look. But this doesn’t limits the use of Heiken-ashi candles in Forex. Heiken-ashi candlesticks are good at suggesting trading and also trailing stops. A trailing stop is placed at the bottom of a bullish Heiken-ashi candlestick in an uptrend and at the top of a bearish candlestick in a downtrend. A top is adjusted with each new fully formed candlestick.