Heiken Ashi Candles is one tool to help with conviction for day and swing trades. These candles use averages to show strength and continuation of a trend. Using the AMD chart as an example, the upward and downward trends are more obviously displayed than with the traditional candles, leaving less doubt on whether or not the trend is likely to continue.
Heiken Ashi can also be used on smaller time frames for day trades and scalping.
"Heikin-Ashi, also sometimes spelled Heiken-Ashi, means "average bar" in Japanese. The Heikin-Ashi technique can be used in conjunction with candlestick charts when trading securities to spot market trends and predict future prices. It's useful for making candlestick charts more readable and trends easier to analyze. For example, traders can use Heikin-Ashi charts to know when to stay in trades while a trend persists but get out when the trend pauses or reverses. Most profits are generated when markets are trending, so predicting trends correctly is necessary. The Heikin-Ashi Formula
Normal candlestick charts are composed of a series of open-high-low-close (OHLC) candles set apart by a time series. The Heikin-Ashi technique shares some characteristics with standard candlestick charts but uses a modified formula of close-open-high-low (COHL)."