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Username: Peter

Rating:
Guru Stars

Asked to: Goro Yang

Date Created: 27 Jul 2017
Category 17
Tag Financial
Question Please give the definition of 'Kagi Chart'.
Advice from Guru
Hello Peter,

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.

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