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Kagi Charts By Zhuge Liang
What Does Kagi Chart Mean?
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 previous high price and is interpreted as an increase in demand for the asset. Thin lines are used to represent increased supply when the price falls below the previous low.
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 predefined reversal amount is reached.
aka GAJI CHARTS?
BACK TO CHAT BOX
What Does Kagi Chart Mean?
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 previous high price and is interpreted as an increase in demand for the asset. Thin lines are used to represent increased supply when the price falls below the previous low.
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 predefined reversal amount is reached.
aka GAJI CHARTS?
BACK TO CHAT BOX
1 comment:
Have you try this KAGI in KLSE's Futures (FKLI & FCPO) ? Does it work ? At which time frame ?
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