About the Heiken Ashi Smoothed Alerts Indicator
The Heiken Ashi Smoothed Alerts indicator for MetaTrader 4 simplifies trend trading by displaying smooth blue and pink Heiken Ashi candles on the main chart.
These colors make it easy to spot bullish and bearish momentum at a glance.
Blue candles indicate a buying opportunity, while pink candles signal potential selling.
By reducing market noise, the indicator helps traders stay in trends longer and avoid premature exits caused by minor price fluctuations.
This indicator is beginner-friendly and works on all currency pairs and time frames.
It is ideal for scalping, day trading, or swing trading strategies, allowing traders to follow trends with minimal confusion.
Free Download
Download the “Heiken_Ashi_Smoothed Alerts.mq4” indicator for MT4
Key Features
- Displays smooth blue and pink Heiken Ashi candles
- Blue candles signal bullish momentum, pink candles signal bearish momentum
- Reduces noise for clearer trend identification
- Beginner-friendly and easy to use
- Works on all MT4 time frames and currency pairs
Indicator Chart
The Heiken Ashi Smoothed Alerts chart shows colored candles directly on the MT4 main chart.
Blue candles indicate upward momentum, and pink candles indicate downward momentum.
Traders use these candles to decide when to enter trades, stay in trends, or reverse positions.
Guide to Trade with Heiken Ashi Smoothed Alerts Indicator
Buy Rules
- Enter a buy trade when a blue candle appears
- Hold the trade while consecutive blue candles persist
Sell Rules
- Enter a sell trade when a pink candle appears
- Stay in the trade while consecutive pink candles continue
Stop Loss
- For buy trades, place the stop below the low of the first blue candle
- For sell trades, place the stop above the high of the first pink candle
- Leave room for normal price fluctuations
Take Profit
- Set the first target near the next support for sells or resistance for buys.
- Close part of your position after a strong move.
- Keep the rest open while candles stay blue for buys or pink for sells.
- Trail stops gradually to secure profits as the trend continues.
Practical Trading Tips
- Trade only when the candle color is stable and consistent.
- Focus on active market sessions for higher probability trades.
- Use color reversals to plan entries and exits effectively.
Heiken Ashi Smoothed + Four Time Frames ASCTrend MT4 Strategy
This strategy combines the Heiken Ashi Smoothed Alerts Indicator (MT4) with the Four Time Frames ASCTrend Indicator (MT4).
The Heiken Ashi Smoothed Indicator provides clear candle signals: blue candles indicate a buy, and pink candles indicate a sell.
The Four Time Frames ASCTrend Indicator confirms trend strength across multiple time frames.
A buy signal occurs when all four trend bars turn blue (strong uptrend), and a sell signal occurs when all four trend bars turn red (strong downtrend).
This setup works well on M5 to H1 charts for intraday trading.
It is ideal for traders looking for trend-following entries with multi-timeframe confirmation, reducing false signals and enhancing trade confidence.
Buy Entry Rules
- All four trend bars on the ASCTrend Indicator must be blue, indicating a strong uptrend across multiple time frames.
- The Heiken Ashi Smoothed candle must be blue, confirming bullish momentum.
- Enter at the close of the blue Heiken Ashi candle.
- Stop loss: place below the recent swing low or below the low of the confirmation candle.
- Take profit: initial target at 1.5× risk, with option to trail stop behind subsequent blue candles for extended gains.
Sell Entry Rules
- All four trend bars on the ASCTrend Indicator must be red, indicating a strong downtrend across multiple time frames.
- The Heiken Ashi Smoothed candle must be pink, confirming bearish momentum.
- Enter at the close of the pink Heiken Ashi candle.
- Stop loss: place above the recent swing high or above the high of the confirmation candle.
- Take profit: initial target at 1.5× risk, with trailing stop above subsequent pink candles for extended profits.
Advantages
- Multi-timeframe trend confirmation reduces false signals.
- Heiken Ashi Smoothed candles provide clear visual entry cues.
- Suitable for intraday traders looking for strong trend trades.
- Combining two indicators increases the probability of successful trades.
Drawbacks
- Lag in Heiken Ashi candles may delay entries slightly.
- Choppy or ranging markets may produce fewer trade opportunities.
- Requires patience to wait for all four ASCTrend bars to align.
- Stop losses may be hit during retracements before trend continuation.
Example Case Study 1 — EUR/GBP M5 (Bullish)
On the M5 EUR/GBP chart, all four ASCTrend bars turn blue, confirming a strong uptrend.
A blue Heiken Ashi Smoothed candle closes above the previous candle.
Entry is taken at the candle close, with a stop loss below the last swing low.
Price moves steadily upward, hitting the 1.5× risk target within three hours.
Trailing stops behind subsequent blue candles capture additional profit.
Example Case Study 2 — AUD/JPY H1 (Bearish)
AUD/JPY on the H1 chart shows all four ASCTrend bars turning red, signaling a strong downtrend.
A pink Heiken Ashi Smoothed candle closes, confirming a sell.
Entry is taken at candle close, stop loss above the previous swing high.
Price trends downward, reaching the initial target.
Trailing stop above subsequent pink candles allows additional pips to be captured before the trend reverses.
Strategy Tips
- Always wait for all four ASCTrend bars to align before taking a trade for a stronger probability.
- Use proper risk management: do not over-leverage on a single trade.
- Monitor for significant news events that may cause sudden spikes or reversals.
- Trailing stops using Heiken Ashi candles can help maximize gains while protecting profits.
Download Now
Download the “Heiken_Ashi_Smoothed Alerts.mq4” indicator for Metatrader 4
FAQ
How does the Heiken Ashi Smoothed Alerts indicator reduce market noise?
It averages price data to smooth candlestick movements.
This makes trends more visible and reduces false signals caused by minor price fluctuations.
Can this indicator be used on any instrument?
Yes. It works on all currency pairs, indices, commodities, and other MT4 instruments, making it versatile for multiple trading styles.
How do I confirm a signal before entering a trade?
Wait for the candle to close in the signal color and check higher time frames for trend alignment.
You can also combine it with trend or momentum indicators for extra confirmation.
What is the best way to handle reversals?
When candle color changes, consider closing or reversing your trade. Consecutive candles in the new color usually indicate a trend shift.
Is it suitable for beginners?
Yes. The indicator’s color-coded candles make it simple to follow trends without complex analysis, making it ideal for novice traders.
Summary
The Heiken Ashi Smoothed Alerts indicator for MT4 offers a clear and user-friendly way to follow market trends.
Blue and pink candles make it easy to identify bullish and bearish momentum, helping traders stay in trends longer.
When used together with other trend or confirmation indicators in the strategy section, it increases trade accuracy and allows traders to enter and exit positions confidently.
