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How to Use a Heikin Ashi Chart?

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Heikin Ashi charts are often utilized in an equivalent fashion as the other chart, for locating chart patterns like triangles and wedges, or trade setups. Entry and exit points may vary slightly compared to employing a candlestick chart, since the worth on an Heikin Ashi chart could also be slightly different than on the candlestick chart.

Test your strategies first to ascertain if they work well on Heikin Ashi charts, before opting to use them when real money is on the road.

While Heikin Ashi won’t show the exact price all the time, there are benefits to using Heikin Ashi charts. The main advantage is that the charts are much smoother looking, which helps to more easily identify the trending direction. Heikin Ashi Charts are also color-coded, like candlesticks, so as long as the price is rising (based on the calculations) then the bars will show up as green (or another color of your choosing). As long as the price is falling (based on the calculation) then the bars will show up as red (or another color of your choosing).

One chart type isn’t necessarily better than another. Rather, some traders like Heikin Ashi charts because they assist isolate the trend better and are not as choppy to seem at, while other traders just like the additional detail and precise pricing of standard candlestick or bar charts.

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