Forex eBook Heikin-Ashi
Filed Under (Forex eBook) by ForexDigg on 28-07-2008
Tagged Under : candle chart, forex, heikin ashi, ichimoku, resistance, trend support
Ichimoku has become one of the major technical analysis tools and has recently gain popularity. Its features were introduced in Chartpoint September/October 2002 issue. It is a very graphical chart designed by Ichimoku Sanjin (non de plume) in Japan where 5 calculated lines were overlaid on a candle chart. These 5 lines were used to determine the trend, support and resistance, as well as the time element.
In this article I will introduce a new style of Ichimoku using a modified candle. This new style Ichimoku is more visual and much easier in determining the trend. Modified candle is the same as an “Averaged Candle Chart” so called “Heikin Ashi” in Japan.
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