Heiken Ashi Signal Cloud Indicator (MT4)

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 Signals:

  • 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 Example 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

Installation:

Open the Metatrader 4 platform

From the top menu, click on “File”

Then click on “Open Data Folder”

Then double click with your mouse button on “MQL4”

Now double click on “Indicators”

Paste the heiken ashi exit.ex4 indicator in the Indicators folder.

Finally restart the MT4 platform and attach the indicator to any chart.

How to remove the indicator?

Click with your right mouse button in the chart with the indicator attached onto it.

Select “Indicator List” from the drop down menu.

Select the indicator and press delete.

How to edit the indicator’s inputs and parameters?

Right click with your mouse button in the chart with the indicator attached onto it.

From the drop down menu, click on indicators list.

Select the indicator from the list and press edit.

Now you can edit the indicator.

Finally, press the OK button to save the updated configuration.