Technical Studies Reference
A Kagi Chart is a chart that ignores time and displays lines where the thickness and direction of the line signify how the price is moving. If a Kagi line exceeds the prior high point of the Kagi chart, the line becomes thick. If a Kagi line falls below the prior low point, the line becomes thin.
This study can be applied to a chart of any time period. Although bars of a very short duration, like under 10 seconds, would create the most accurate Kagi chart. You may wish to use a longer time period for different results. The study can be applied to Historical Daily Charts as well.
- Use Percentage for Reversal: The reversal amount required for a Kagi Line can be either a percentage or a fixed amount. To use a percentage, set this Input to Yes.
- Reversal Percentage: This Input specifies the percentage of the Kagi line ending price of the first column in the chart, that prices need to reverse by to switch the direction of the Kagi line. Use Percentage for Reversal must be set to Yes for this Input to be used.
- Fixed Reversal Amount: This Input specifies fixed amount that prices need to reverse by to switch the direction of the Kagi line. Use Percentage for Reversal must be set to No for this Input to be used.
*Last modified Monday, 26th September, 2022.