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  • Comments (24)
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Heiken Ashi OnOff MT4

5

The Heiken Ashi On-Off let you to focus on the price inversion. If used in conjunction with candelstick charts it helps to spot the inversion of market trend. It is possible highlight doji candles with a different color.


How it works: you can choose if you want the indicator always shown or always hided while switching among different time frames or financial instruments. It's possible to show/hide  the indicator just pressing the button or using the keyboard.

The indicator override the colors of properties of metatrader platform in the chart where is installed. For that reason if you want to continue using the same chart make shure that the indicator is off before deleting the indicator from the chart.


 This representation of candlestick uses a modified formula to draw them:

High=Max(High[t], Max(Open[t],Close[t]))
Open=(Open
[t+1]+Close[t+1])/2
Low=Min(Low
[t], Min(Open[t],Close[t]))
Close=(Open
[t]+High[t]+Low[t]+Close[t])/4


Input

  • It's possible to setup color of the H.ASHI bars
  • You can choose to spot the Doji candles and setup their color
  • It is possible to shut down the button and setup your favorite keys to on-off the indicator
  • It is possible to customize the button: the position on the screen, the size, the colors and the label
Alerts:
  • It's possible set up alerts whith yellow Doji . The alerts can work:
  • in the metatrader terminal with sound and graphical interface or only with sound
  • sending push notifications to the mobile terminals. You have to fill 'MetaQuotes IDs' in MT4 platform: 'Tools-Options-Notifications' tab"
  • sending email. You have to fill Email in metatrader platform: 'Tools-Options-Email' tab"


    Reviews 1
    Maan-Eee
    204
    Maan-Eee 2021.02.11 00:03 
     

    Brilliant indicator as described, works well as long as instructions are followed. Another great indicator from this author.

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    Maan-Eee
    204
    Maan-Eee 2021.02.11 00:03 
     

    Brilliant indicator as described, works well as long as instructions are followed. Another great indicator from this author.

    Reply to review
    Version 1.8 2021.04.28
    -keys bug fixed
    Version 1.7 2021.04.27
    - improved the code: removed bool always on/off in the input
    Version 1.6 2021.04.26
    -the indicator get the colors from the metatrader. There is no more need to set them up in the indicator's input
    -added alerts on doji
    -minor bugs fixes
    Version 1.5 2021.02.15
    - Fixed the width width of candles problem with zoom. Now the width of candles stay the same.
    - Added the icon in the input
    - Added the "NONE" option in the customization keys of keyboard
    Version 1.4 2019.12.18
    - Added the possibility to set up manually in the input the colors of MT4 Platform candles and background colors
    Version 1.3 2019.12.18
    - Fix Bug related the the On Off shortcut keys (sliding the cursor on the left upper corner of the screen)
    - Remains a bug related changing time frames an update will be soon disponible
    Version 1.2 2019.12.11
    – Fixed bug
    Version 1.1 2019.12.10
    - fixed problem of candlestick color settings and background