Description
This article is from the Glossary of
Technical Analysis Terms.
Glossary of Technical Analysis Terms: K
- Kagi Chart:
Like Candlestick and Renko charts, Kagi charts come from Japan and
were made popular in
the USA by Steve Nison. Kagi charts display a series of connecting
vertical lines where the thickness and direction of the lines are
dependent on the price action. If closing prices continue to move
in the direction of the prior vertical Kagi line, then that line
is extended. However, if the closing price reverses by a
pre-determined "reversal" amount, a new Kagi line is drawn in the
next column in the opposite direction. An interesting aspect of
the Kagi chart is that when closing prices penetrate the prior
column's high or low, the thickness of the Kagi line
changes.
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investing, glossary, technical analysis terms, terminology
