Podcast
Questions and Answers
Heikin-Ashi charts were developed by Masahiro Homma in the 1800s.
Heikin-Ashi charts were developed by Masahiro Homma in the 1800s.
False (B)
Decisive Candles are bearish when there is no lower wick (leg).
Decisive Candles are bearish when there is no lower wick (leg).
False (B)
Heikin-Ashi candles help traders overcome the Physical barrier.
Heikin-Ashi candles help traders overcome the Physical barrier.
False (B)
A strong buy/sell signal is when HA changes color after a neutral candle at some support/resistance.
A strong buy/sell signal is when HA changes color after a neutral candle at some support/resistance.
According to the content, the Bullish Bandish Group Of Traders is associated with Indecisive candles.
According to the content, the Bullish Bandish Group Of Traders is associated with Indecisive candles.
Bollinger Bands consist of a moving average and two standard deviation lines below it.
Bollinger Bands consist of a moving average and two standard deviation lines below it.
The Directional Movement Index (DMI) only consists of two indicators: Positive Directional Indicator and Negative Directional Indicator.
The Directional Movement Index (DMI) only consists of two indicators: Positive Directional Indicator and Negative Directional Indicator.
A Doji is a type of candlestick pattern representing indecision in the market.
A Doji is a type of candlestick pattern representing indecision in the market.
The Three White Soldiers pattern is typically a bearish reversal pattern.
The Three White Soldiers pattern is typically a bearish reversal pattern.
A Dark Cloud Cover is a bullish candlestick pattern.
A Dark Cloud Cover is a bullish candlestick pattern.
Flashcards
Heikin-Ashi Origin
Heikin-Ashi Origin
Heikin-Ashi charts were NOT developed by Masahiro Homma.
Bearish Candle Wicks
Bearish Candle Wicks
Decisive bearish candles HAVE a lower wick.
Heikin-Ashi Benefit
Heikin-Ashi Benefit
Heikin-Ashi candles help overcome emotional, not physical, barriers.
HA Signal Strength
HA Signal Strength
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Bandish Group
Bandish Group
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Bollinger Bands
Bollinger Bands
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DMI Components
DMI Components
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Doji Meaning
Doji Meaning
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Three White Soldiers
Three White Soldiers
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Dark Cloud Cover
Dark Cloud Cover
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Study Notes
Heikin-Ashi Charts
- Developed by Munehisa Homma in the 1700s
- Help traders overcome psychological barriers due to their special formation method
Heikin-Ashi Candle Types
- Bullish: no lower wick (leg)
- Bearish: no upper wick (leg)
- Indecisive: wicks on both sides
Heikin-Ashi Signals
- Buy signal: HA changes color without giving a neutral candle at support/resistance
- Sell signal: HA changes color without giving a neutral candle at support/resistance
Candlestick Patterns
- Bullish: Three White Soldiers
- Bearish: Three Black Crows
- Bearish: Dark Cloud Cover
- Neutral: Doji
- Other patterns: High Wave, Hammers, Shooting star, Gravestone Doji, Long Legged Doji
Indicators
- Bollinger Bands:
- Consist of a moving average and two standard deviation lines
- Used to identify overbought or oversold conditions
- Parameters: Upper Band, Lower Band, Median Line
- Directional Movement Index (DMI):
- Used to determine the strength and direction of a trend
- Consists of Positive Directional Indicator (+DI), Negative Directional Indicator (-DI), and Average Directional Index (ADX)
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Description
Test your knowledge on various trading strategies, indicators, and chart patterns used by traders. Topics include stop loss, trailing, pyramiding, support & resistance, Heikin-Ashi charts, and more.
