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Showing posts with the label heiken ashi

Heiken Ashi MTF v2

Heiken Ashi MTF v2 indicator is making use of our other Heiken Ashi indicator to display a Heiken Ashi bar indicator capable of changing color based on a higher timeframe.
A common use for this Heiken Ashi Metatrader indicator is to detect the trend on higher timeframes in order to determine whether to sell or to buy on the current timeframe. It is a well known forex trading strategy when following the trend. In the example above, the trader could decide to buy when the Heiken Ashi bar is blue color, and sell when it is red.
You can download this Metatrader indicator free from here.
!!! This indicator needs the Heiken Ashi Alerts Bar v2 to function.

Heiken Ashi Alerts Bar v2

The Heiken Ashi Alerts Bar v2 Metatrader indicator displays a Heiken Ashi bar at the bottom of the forex trading chart. The indicator is meant to be used by traders who would like to take advantage of the Heiken Ashi indicator, while still monitoring the normal candlesticks for potential entries or exits.
Additionally, this Metatrader Heiken Ashi indicator can alert the trader, if set to do so, whenever the Heiken Ashi color will change.
You can download this Metatrader indicator free from here.

Heiken Ashi Expert Advisor

The RobotFX Heiken Ashi expert advisor is an all-in-one trading solution for traders trading with the trend, so we can safely say that the Heiken Ashi expert advisor is a trend trader. It can detect the trend - if the trader chooses so - and trade accordingly, meaning that the EA will only buy if the trend is up and/or only sell if the trend is down. The trend itself is decided by the Heiken Ashi color on the higher or current timeframes. It should be noted however that the trend detector can also be disabled and that the Heiken Ashi EA can be allowed to trade by simply following the Heiken Ashi signals on the current timeframe.

To better understand better how this trend trader with hedging abilities works, please take a look at the picture below.
In the trading chart above, the Heiken Ashi is in uptrend on H1 and H4, meaning that the Heiken Ashi color is green (up) on both of these timeframes. The type of Heiken Ashi candles can be customized by the trader, who has the possib…