Heiken Ashi

This Heiken Ashi indicator for MetaTrader has been improved with a moving average band, very useful to determine the levels where the price might reverse or breakthrough and change the trend. When trading with the trend, you probably want to buy above or when the price leaves the EMA band rising up, or sell when the price is below the EMA band or drops below it, and proceed with caution when the price stalls within the bands.
Heiken Ashi indicator for Metatrader with trend detector
A Heiken Ashi indicator for Metatrader that can also detect the trend
It is worth to mention that the Heiken Ashi candles are mainly used to remove the normal candles' distractions, especially when the price forms small consolidation zones and the trader is tempted to enter a trade based on the candlestick color.
You can download this Metatrader indicator free from here.

Comments

Popular Posts