These days Heiken-Ashi charts are available in any charting platform, the advantage of this chart is that it makes visualization of the trend and changes in trend direction much easier. A typical heiken-ashi chart looks like this:
To make our analysis even more simpler we just need to track only 2 types of candles and 2 patterns as follows:
1. For Buy Signal: Either of these 2 signals
a. Candle with upper wick or
b. 2 candles pattern with the second candle having higher low
2. For Sell Signal: Either of these 2 signals
a. Candle with lower wick or
b. 2 candles pattern with the second candle having lower high
To make our analysis even more simpler we just need to track only 2 types of candles and 2 patterns as follows:
1. For Buy Signal: Either of these 2 signals
a. Candle with upper wick or
b. 2 candles pattern with the second candle having higher low
2. For Sell Signal: Either of these 2 signals
a. Candle with lower wick or
b. 2 candles pattern with the second candle having lower high