Heiken-ashi candlesticks are also called sometimes Heik i n-ashi candlesticks. Heiken-ashi candlesticks provide interpretation of market trends in a neat and descriptive way. Unlike regular Japanese candles, Heiken-ashi don't show open, high, low and close. Instead they calculate values of each candlestick based on the dominant forces in the market. These Heiken-ashi candles are a perfect tool for traders who like following trends to their very extend.
Heikin-ashi Candles also looks much more simplified. But this doesn't limits the use of Heiken-ashi candles in Forex. Heiken-ashi candlesticks are good at suggesting trading and also trailing stops.
A trailing stop is placed at the bottom of a bullish Heiken-ashi candlestick in an uptrend and at the top of a bearish candlestick in a downtrend. A top is adjusted with each new fully formed candlestick. You are doing a great job. This work will benefit a lot of New traders like me. I cant thank you enough. The first indicator is a standard HeikenAshi.
The second - its smoothed version. Smoothed heiken-ashi candles are slower to react to trend changes when those occur sharply, but overall smoothed heiken-ashi will keep you in a trend longer. Standard heiken-ashi candlesticks will be changing colors from red to blue and back every time there is a reasonable correction in price.
You can use both indicators simultaneously. Or one on higher time frame - smoother heikin version - for monitoring trends; and one on lower time frame - standard heikin version - to time good entries on pullbacks. These candlesticks HAVE to be a better way to prevent getting whipsawed out of a potential profit!
How pls can i get these indicator in my mt4 platform so i can use them. Please see our newly created page: How to install MT4 custom indicators. Hide your regular candlestick: I tried three times to sign up for your list but never received a confirmation email.
I tried using two different email addresses. One question though, I downloaded the Heiken ashi alert but can't seem to get the alert part to work is there a alert sound or sound file that I should upload or is it going to use the mt4 preset sounds? Right click on your charts and go to Properties menu. There change the Color of the Bull and Bear candlestick to match the background, e. Now you can pull up the Heiken-Ashi indicator and enjoy the clear graphs.
Could help for filteration? Thank for great service!!! Thanks for all your hard work on this site. I'm sure it's helping many of us out there. It's my pleasure to give back the knowledge I have. How to install MT4 custom indicators When you place indicator on the chart, you may need to make a few adjustments: Switch to the tab "Common", where make sure that "Chart on the foreground" is not selected.
Iam new to forex, but this candle pattern introduced by u gives me a well experienced experience. But a few use it, too bad for them! The indicator failed to deliver any sounds Newbie question, unable to launch heiken ashi chart alone, plse help. Hello All, Great thank you for info provided, very useful for me. The sound feature doesn't work, unfortunately.More...