Heiken Ashi Smoothed V2 is a free mt4 (Metatrader 4) indicator that displays Heiken Ashi candlesticks with a smoothing filter on the chart.
The indicator appears in the main MT4 window as white and red colored Heiken candlesticks.
Buy & Sell Trade Example
- Open a buy trade as soon as the indicator starts printing the white colored Heiken Ashi candlesticks.
- Open a sell trade as soon as the indicator starts printing the red colored Heiken Ashi candlesticks.
The Heiken Ashi Smoothed v2 indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Heiken Ashi Smoothed_v2.ex4” indicator for MT4
Indicator Chart (EUR/USD M1)
The example chart below displays the Heiken Ashi Smoothed v2 mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the Heiken Ashi Smoothed v2 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
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Heiken Candlestick
Does the indicator repaint? No.
Download Now
Download the “Heiken Ashi Smoothed_v2.ex4” indicator for Metatrader 4
