Wickless Candles

The candles are heikin-ashi.

 

Hi,

Yes this is an option and I did look at the line charts (which is essentially the same thing) but I just seem to see better via the candles without wicks

 

Wether it works or not.
It's an imaginative way of thinking.
Good for you.

 

Thank you for the positive attitude, appreciated

 

Visually perhaps, not in content...

http://ensignsoftware.com/tips/tradingtips57.htm

 

bttt

 

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Razor;
Well its a quicker read, easier read, but i like to read, much

Might be able to make it work anyway ;
close may be most important.

And i like those [open ,high lo, close]candles, long or short where they dont have any wicks; thought at first thats what you were talking about

 

Another vote for Heikin Ashi.

 

Thank you for positng that article. I think it's caused me to never use Heikin-Ashi candles again. They look pretty, and they make everything look like it's trending nicely, but they give you bad data. Here's the most disturbing part:

 

The simple fact that hypo boy is against it suggests usefulness. Removing the wicks is indeed a valid concept, particularly in light of auction market theory and market profile ideas. Get rid of the wicks and the areas of price acceptance stick out like a sore thumb. I have been doing this on long term charts for several years now.