About the DT Heiken Ashi Candle Indicator
The DT Heiken Ashi Candle Indicator for MT4 is a trend-following tool that replaces standard price candles with custom-built Heiken Ashi candlesticks.
Its main purpose is to smooth price movement and help traders clearly identify trend direction without being distracted by short-term market noise.
Unlike regular candlesticks that reflect raw price action, Heiken Ashi candles are calculated using averaged price data.
This results in smoother candle formations that highlight sustained bullish or bearish pressure.
The DT Heiken Ashi Candle indicator plots these candles directly in the main MetaTrader 4 chart window and updates them in real time.
By using color changes to signal trend shifts, the indicator allows traders to stay aligned with the dominant market direction.
Green Heiken Ashi candles indicate bullish conditions, while red candles reflect bearish momentum.
This makes the indicator suitable for trend traders, swing traders, and anyone looking for a clearer market structure.
Free Download
Download the “DT_HeikinAshi Candle.ex4” indicator for MT4
Key Features
- Custom Heiken Ashi candlesticks plotted on the main MT4 chart
- Green and red candle colors for fast trend recognition
- Smooths price action to reduce market noise
- Works on all currency pairs and timeframes
- Useful for entries, exits, and trend confirmation
- Simple visual logic without complex settings
Indicator Chart
The chart below shows the DT Heiken Ashi Candle Indicator displayed directly on the price chart. Standard candles are replaced by colored Heiken Ashi candlesticks.
In this example, green Heiken Ashi candles reflect sustained bullish momentum, while red candles highlight bearish phases.
This visual clarity helps traders stay in trends longer and avoid premature exits.
Guide to Trade with DT Heiken Ashi Candle Indicator
Buy Rules
- Wait for the indicator to start printing green Heiken Ashi candlesticks
- Confirm the price is not near major resistance
- Enter a buy trade after a green candle closes
- Stay in the trade while green candles continue to print
Sell Rules
- Wait for the indicator to start printing red Heiken Ashi candlesticks
- Ensure price is not sitting on strong support
- Enter a sell trade after a red candle closes
- Remain in the trade while red candles continue
Stop Loss
- Place a stop loss below the most recent swing low for buy trades
- Place a stop loss above the most recent swing high for sell trades
- Adjust stop loss only when market structure changes
Take Profit
- Target previous highs or lows as profit levels
- Trail profits while candle color remains unchanged
- Exit the trade when the candle color switches
Practical Tips
- Use the indicator during active trading sessions for clearer trends
- Avoid entering trades after extended runs of the same candle color
- Check the higher timeframe Heiken Ashi direction before trading lower timeframes
- Combine with simple trendlines to confirm continuation moves
- Reduce position size when candles start showing smaller bodies
DT Heiken Ashi + ZWinner Trend MT4 Strategy
This MT4 strategy fuses the smoothing power of the DT Heiken Ashi Candle with the trend-direction strength of the ZWinner Trend indicator.
Heiken Ashi candles filter noise and highlight trend continuity. ZWinner Trend gives directional confirmation and helps avoid countertrend entries.
Use this system on 15-minute, 30-minute, or 1-hour charts for intraday setups, and on 4H for swing trades.
It is best for traders who favor trend-following entries with smooth visual cues and disciplined risk control.
Buy Entry Rules
- ZWinner Trend must indicate a green bullish direction.
- DT Heiken Ashi candles must turn bullish (e.g., a sequence of green Heiken Ashi bodies or a clear shift from red to green), confirming momentum.
- Enter long at the close of the candle that first shows a confirmed bullish Heiken Ashi while ZWinner remains bullish.
- Stop Loss: place under the low of the last bearish Heiken Ashi candle or recent swing low, whichever is lower risk.
- Take Profit: aim for 1.5× to 2× your risk, or trail your stop using subsequent Heiken Ashi lows or the ZWinner trend line as a dynamic stop.
Sell Entry Rules
- ZWinner Trend must indicate a red bearish direction.
- DT Heiken Ashi candles must turn bearish (a shift to red bodies), confirming momentum downwards.
- Enter short at the close of the candle that first shows a confirmed bearish Heiken Ashi while ZWinner remains bearish.
- Stop Loss: place above the high of the last bullish Heiken Ashi candle or recent swing high.
- Take Profit: set for 1.5× to 2× your risk or trail with Heiken Ashi highs / ZWinner trend line until a reversal is signaled.
Advantages
- Heiken Ashi smooths out price noise and gives clearer trend visuals.
- ZWinner Trend adds confirmation and helps filter false signals.
- The combination tends to avoid whipsaws in choppy markets more than standalone signals.
- Good adaptability across multiple timeframes (intraday to swing).
Drawbacks
- Heiken Ashi is lagging by nature, so entries may be delayed in sharp reversals.
- ZWinner Trend may sometimes misread weak or oscillating price action as trends.
- Requires tuning (Heiken Ashi periods, ZWinner parameters) per instrument and timeframe.
Case Study 1 — EURUSD 15m (Intraday Trend Capture)
On a 15m EURUSD chart, ZWinner switched to bullish. Heiken Ashi candles turned green after a pullback.
Entry was made at the close of the first confirmed green Heiken Ashi.
A stop was placed 20 pips below the last red Heiken Ashi low.
Price moved in the trend direction and hit the first target of ~30 pips (1.5×) within a few hours.
The remainder was trailed until a Heiken Ashi red reversal, closing total ~45 pips.
Case Study 2 — GBPUSD 30m (Short swing move)
On GBPUSD 30m, ZWinner indicated a bearish trend after a series of weakening candles.
Heiken Ashi candles turned red after a small retracement. The trade entered at the close of that red Heiken Ashi.
The stop was placed 35 pips above the prior swing high.
Price dropped, hitting the 1.5× target (~52 pips) in one session, then continued into the 2× zone before a reversal candle forced an exit.
Strategy Tips
- Always check a higher timeframe trend (e.g., H4 or daily) before entering on lower timeframes to avoid countertrend entries.
- Use proper position sizing so that any single loss stays within 1–2% of equity.
- Don’t enter just because a Heiken Ashi color changes — wait for confirmation of ZWinner trend to avoid false flips.
- Consider using an ATR-based filter or volatility measure to avoid trades when volatility is too low or too high.
Download Now
Download the “DT_HeikinAshi Candle.ex4” indicator for Metatrader 4
FAQ
How is this different from standard candlesticks?
Heiken Ashi candles are calculated using averaged values, which smooth price action and reduce noise.
This makes trends easier to identify compared to standard candles.
Can this indicator be used for trade exits?
Yes, many traders exit trades when the candle color changes, which often signals a weakening or reversal in trend momentum.
Summary
The DT Heiken Ashi Candle Indicator for MT4 is designed to simplify trend analysis by transforming raw price data into smooth, easy-to-read candlestick movements.
Filtering out short-term volatility allows traders to focus on sustained market direction rather than temporary price fluctuations.
Its visual structure supports disciplined trading by encouraging traders to stay aligned with momentum and avoid reacting to minor pullbacks.
With flexible application across timeframes and currency pairs, the indicator fits naturally into many trading approaches and can enhance overall market clarity when used consistently.
