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Kagi Chart

外汇网2021-06-19 14:35:07 152
A type of chart developed by the Japanese in the 1870s that uses a series of vertical lines to illustrate general levels of supply and demand for certain assets. Thick lines are drawn when the price of the underlying asset breaks above the pvious high price and is interpted as an increase in demand for the asset. Thin lines are used to repsent increased supply when the price falls below the pvious low.

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An entry signal is triggered when the vertical line changes from thin to thick and is not reversed until the thick line changes back to thin.

One important note about these charts is that they are independent of time and only change direction once a pdefined reversal amount is reached.

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