Market / MetaTrader 5 / Indicators /

Plus HeikenAshi Colored Candlesticks

FREE

Published: 24 August 2026

Current version: 1.1

Plus HeikenAshi Colored Candlesticks

Indicators
Leonel Alberto Jose Quintana
Leonel Alberto Jose Quintana
Brasil

Brazil

165
Version: 1.1

Plus HeikenAshi

Plus HeikenAshi is a visual indicator for MetaTrader 5 designed to make it easier to read the direction and continuation of market movements through the Heiken Ashi representation.

The indicator visually replaces traditional chart candles with candles calculated using the Heiken Ashi methodology, providing a more organized representation of price behavior.

The candles are displayed in two colors, allowing different movement conditions to be identified visually.

Main features

Visual representation based on Heiken Ashi.
Candle calculations using Open, High, Low and Close prices.
Automatic candle coloring.
Green: Heiken Ashi close is equal to or above the Heiken Ashi open.
Pink: Heiken Ashi close is below the Heiken Ashi open.
Display directly on the main MetaTrader 5 chart.
Support for the Replay environment used by the system.
Does not use volume in its calculations.
Does not execute trades automatically.
Does not generate automatic buy or sell signals.

Visual interpretation

The candle color changes make it easier to visually identify the prevailing direction of the movement.

Green candles represent a bullish condition within the Heiken Ashi calculation, while pink candles represent a bearish condition.

The indicator can be used to follow movement continuation and observe possible changes in price direction.

Usage

Plus HeikenAshi can be used as a support tool to:

follow the prevailing market direction;
visualize movement continuation;
observe changes in price direction;
make chart reading easier;
complement other technical analysis tools.

The indicator should be used as a support tool and not as an automated trading system.

Risk warning

Trading financial markets involves risk. No indicator can predict future movements with certainty or guarantee positive results.

Plus HeikenAshi is a technical analysis support tool. Use it together with an appropriate analysis methodology and risk management approach.

more...

Video Plus HeikenAshi Colored Candlesticks

Screenshot #1 Plus HeikenAshi Colored Candlesticks

Screenshot #2 Plus HeikenAshi Colored Candlesticks

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Plus Color Candles — Colored Candles for MetaTrader 5 Plus Color Candles automatically displays colored candles according to the direction of each period. Bullish candles, where the close is equal to or higher than the open, are displayed in green. Bearish candles, where the close is lower than the open, are displayed in pink. The indicator preserves complete open, high, low, and close information, providing a clean and direct visualization of price behavior. Features: Bullish and bearish candle

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Plus HeikenAshi Colored Candlesticks

Leonel Alberto Jose Quintana

Plus HeikenAshi

Main features

Visual interpretation

Usage

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