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.
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