Forex Heikin Ashi Premium MT4 Indicator

Forex Heikin Ashi Premium MT4 Indicator:

About the Forex Heikin Ashi Premium MT4 Indicator

Heikin Ashi is Japanese for “average bar”, and may make it easier for you to identify trends.

Our version of this popular indicator adjusts the size of the candles based on the zoom level of your chart, making it appear more naturally just like the traditional candlesticks.

The colors are selected based on the color scheme you use on your charts, but can be customized anyway you would like.

You may also choose whether to display only the Heikin Ashi candles, or show the other selected chart as well.

PARAMETERS

  • ShowOnlyHeikinAshi: Set to true by default so only the Heikin Ashi candles are shown, set it to false to display other chart in background.
  • LongCandleClr: Leave set to “None” to match your “Bull Candle” chart color, or set it to whatever color you would like.
  • ShortCandleClr: Leave set to “None” to match your “Bear Candle” chart color, or set it to whatever color you would like.
  • LongBarClr: Leave set to “None” to match your “Bar Up” chart color, or set it to whatever color you would like.
  • ShortBarClr: Leave set to “None” to match your “Bar Down” chart color, or set it to whatever color you would like.

Test results:

Forex Heikin Ashi Premium MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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