FatTails HEIKEN ASHI MTF in sub window
The classic heiken ashi indicator with multi timeframe calculation ability running in the subwindow of your MT4 platform.
The main goal of the heiken ashi indicator is to clean the price action of the normal candlestick chart by reducing the market noise. This version allows you to keep the normal candlestick chart on the up window and run the heiken ashi chart in a separate window. It also allows you to draw trendlines and attach to it other indicators that run in the separate window (like moving averages).
You can run as many instances as you want. For example you can run an heiken ashi of the current timeframe and an other of an higher timeframe and move accordingly with the overall market bias while you're trading. (see screenshots for further details)
In order to work, you need to install the Heiken ashi indicator, provided by default by Metaquotes with MT4 installation, in the same folder of the separate window version. Please make sure about the name of Heiken ashi indicator. It has to be exactly like this: Heiken ashi. Not Heiken Ashi or Heiken_Ashi, ecc.
If you're experiencing MT4 slowdown while running the Heiken ashi MTF sw indicator please move both indicators (Heiken ashi and Heiken ashi MTF sw) into the main MT4 indicators folder (so no subfolders).
- TIMEFRAME - Allows to set for which timeframe you want to calculate the heiken ashi chart (0= current timeframe)
- XSHIFT - Allow to shift the heiken ashi chart to the right or to the left (positive values move the chart on the right, negative ones on the left)
- WICK COLOR OF BULLISH CANDLE - Allows to choose the color of the wicks for the indicator bullish candles
- WICK COLOR OF BEARISH CANDLE - Allows to choose the color of the wicks for the indicator bearish candles
- BODY COLOR OF BULLISH CANDLE - Allows to choose the color of the body for the indicator bullish candles
- BODY COLOR OF BEARISH CANDLE - Allows to choose the color of the body for the indicator bearish candles
- BACKGROUND COLOR - Allows to choose the color of the indicator background
- WIDTH OF THE CANDLES WICK - Allows to choose the width of the wicks for the indicator candles
- WIDTH OF THE CANDLES BODY - Allows to choose the width of the body for the indicator candles
- BACKGROUND WIDTH - Allows to choose the width for the indicator background
You can contact us any time if you need help in installation of the heiken ashi MTF sw indicator.