Saturday 9 May 2020

Easy Trick to See Trend Clearly

There are many types of way to plot price in the chart.

Example:
Candles
Bars
Line
Heikin Ashi
Renko
Kagi
Point and Figure

So which chart are you using?

Commonly, I think people are using bars and candles.

Today, I going to share with you a type of chart which easy to see the trend and allow you to take prompt action without any extra indicator.

Before that, lets see few examples first.

Candle Chart

Line Chart

Bar Chart

Heikin Ashi Chart

Among above 4 charts, which chart is the most easier to read and with the least noise?

The answer is very easy right?

Line chart.

However, can line chart help you to make fast decision to enter/exit position?

Line chart can help you make decision during breakout happening but before breakout happen you might facing problem hard to make decision.

Heikin Ashi (HA) Chart is the one that i refer to easy to spot the trend and can help you to make fast decision to enter/exit position depends on how you use it.

So from above HA Chart what can you see?

At here, Green HA Candle is up candle while Red HA Candle is down candle.



When price is the moving up, you can see green candle is more than red candle.

While for price down movement, you can see red candle is more than green candle.

Another benefit of this HA Chart is you can easily spot the beginning and ending of the retracement.

HA Chart is good in helping you enter and exit position in trading.

Below are the platform that you can use to see Heikin Ashi Chart:
TradingView
Investing.com

At here I will show you how to do it at TradingView.

Step 1 go to www.tradingview.com

After that follow the below picture steps:





After you completed above steps, your chart now will be HA Chart.

Thank you for your reading, hope this can help you.

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