Heiken Ashi Signal is a free mt4 (Metatrader 4) indicator that provides decent buy and sell cloud signals for any currency pair.
The indicator appears in the main MT4 chart as green and red Heiken Ashi candlesticks that appear above and below the actual candlestick.
Buy & Sell Trade Example
- Open a buy trade as soon as the first green Heiken candlestick appears below the actual candlestick.
- Open a first trade as soon as the first red Heiken candlestick appears above the actual candlestick.
- Reverse the position as soon as an opposite signal occurs on the chart.
The Heiken Ashi Signal Cloud indicator can be used for both entry and exit signals or mixed together with your own favorite trading strategy for improved performance.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
Free Download
Download the “heiken ashi exit.ex4” indicator for MT4
Indicator Chart (EUR/USD M1)
The example chart below displays the Heiken Ashi Signal mt4 indicator in action on the trading chart.
Trading Tips:
Utilize your own favorite trade entry, stop loss and take profit method to trade with the Heiken Ashi Signal Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Signal
Repaint? No.
Download Now
Download the “heiken ashi exit.ex4” indicator for Metatrader 4
