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Why do Heikin Ashi candles suck?
Sometimes, because they use averages in the calculation, Heikin Ashi candles can be a bit late, but this also keeps us from getting out too early so I donít really see it as a big disadvantage. One thing that bothered me when I first started using this type of candles was the fact that I couldnít see candlestick patterns like the Hikkake, the Shooting Star or any of the traditional patterns. I got used to it pretty quickly but maybe hardcore candlestick pattern users will find it bothersome. To avoid that, just use two charts, one with Heikin Ashi and another with traditional candlesticks. Problem solved!
Why Heikin Ashi candles donít suck?
Using this type of candlesticks is one of the best ways to smooth out price movement and eliminate some of the emotions in trading. As long as Heikin Ashi candles donít change color, you know your trade is going the right direction. Because the candles are interconnected through mathematical calculation, they offer a much clearer view of price action and are not just a standalone representation of price like traditional candlesticks. Another advantage is the fact that most charting packages already have Heikin Ashi as a default indicator so you donít have to look for them online.