Kagi Charts

Kagi charts are a price-based Japanese charting technique, not a time-based one: instead of candles, one continuous line follows price and reverses only when the rate retraces by a set amount (in pips, a percentage, or from the ATR). A thick line (yang) versus a thin line (yin) shows whether demand or supply has the upper hand, and the buy/sell signal comes from the yin↔yang switch after a previous peak or trough is broken. It filters out the noise of small swings and gives a clean read on the trend; popularised by Steve Nison.