Kagi chart

This feature aids in producing a chart that reduces random noise.

The most important benefit of this chart is that it is independent of time and change of direction occurs only when a specific amount is reached.

The Kagi chart was originally developed in Japan during the 1870s when the Japanese stock market started trading.

[1] It was used for tracking the price movement of rice and found use in determining the general levels of supply and demand for certain assets.

Buy signals are generated when the Kagi line goes from thin to thick and sell signals are generated when the line turns from thick to thin.