Download Heikin Ashi Panel Forex Indicator For Mt4

Free Download Heikin Ashi Panel Forex Indicator For Mt4

Features

An easy to use Panel that shows the Heiken Ashi trend of selected timeframe.
Customizable Buy/Sell alerts, push alerts, email alerts, or visual on-screen alerts.
Customizable Panel. The panel can be moved to any place on the chart or minimized to allow more space.

Heikin means “the average”, and Ashi means “foot” in Japanese. Heikin-Ashi is the Japanese charting technique that uses averages of prices for plotting candles. This technique smooths some noise in the candle charts in effort to give a better trend picture. Another example of a common smoothing indicator is moving averages, that can be used in conjunction with Heikin-Ashi.

How to Use

The blue candles mean uptrend, and the red candles mean downtrend. For example, if a pertinent period is upward, the panel will show blue color for that period. It will also display a visual “buy” signal after a change of candle from red to blue. As a best practice, it is recommended to consider signals from other timeframes and/or other indicators before making a trade decision.