What is a Kagi Chart?
Kagi charts are a type of financial chart used to track the price movements of assets like stocks, commodities, and currencies. Originating in Japan in the 1870s, Kagi charts are unique because they are time-independent. This means the chart only advances when the price moves by a significant amount, known as the reversal amount.
By ignoring small price fluctuations and the passage of time, Kagi charts provide a clear view of the underlying trend. This makes them excellent tools for identifying support and resistance levels, as well as potential trend reversals.
How to Use the Kagi Chart Generator
- 1
Upload Your Data
Paste your historical price data in CSV format (Date, Close Price) or use the sample data provided.
- 2
Set Reversal Threshold
Choose between a fixed amount or a percentage. This value determines how much the price must move to change direction.
- 3
Analyze the Trends
Observe the thick (Yang) and thin (Yin) lines. Look for "shoulders" (previous highs) and "waists" (previous lows) to identify breakouts.
Why Use Kagi Charts?
Noise Reduction
Filters out insignificant price movements to reveal the true trend.
Clear Signals
Change in line thickness provides clear buy (Yang) and sell (Yin) signals.
Objective Analysis
Removes emotional bias by adhering to strict reversal rules.