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Heiken Ashi Indicator The first candle

What is Heiken Ashi Candles?

Heiken Ashi comes from 'Heikin Ashi' - a Japanese phrase meaning average price bar. Heikin Ashi indicator shows the price bars on the chart

Congratulation! This indicator is offering 50% discount!

Only for 3 purchases. Next price 90 USD.

The formula for calculating Heiken Ashi candles is as follows:

  • Heiken Ashi opening price = (opening price of the previous candle + closing price of the previous candle) / 2
  • Closing price Heiken Ashi = (opening price + high + low + closing price) / 4
  • Heiken Ashi peak = maximum value of the high, opening or closing price
  • Heiken Ashi bottom price = the lowest value of the bottom, opening or closing price

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How To Read Heiken Ashi Chart?

According to research and research, there are 4 main signals that help determine the trend and trading ability of Heiken Ashi:

  1. The blue candles show an uptrend ==> you can buy more or exit sell orders.
  2. A candle with a small body and upper and lower shadows indicates the possibility of a trend change. If you want to enter early, predict the market trend, then go in these candles. Otherwise, wait for more signals before making a decision. In general, this is the confused point of the trend, which can be reversed or continued.
  3. The red candles indicate a downtrend ==> should sell or exit a buy order.
  4. The red candles with no upper shadow showed a strong downtrend ==> keep selling until the trend ends.

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Instructions for use of Heiken Ashi MT4 candles

Trading with Heiken Ashi candles on MT4 is very simple

Heiken Ashi MT4 candlestick is represented by:

  • Blue with an uptrend
  • Red with a downtrend

Trading with Heiken Ashi Candle indicator

  • BUY | After the first candle closed, the color is blue
  • SELL | After the first candle closed, the color is red
In addition, just like regular candles, you need to combine more candlestick patterns, price patterns, trend trends and support resistance to determine the best entry area!

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️️️️️ You want to become a constantly profitable 5-star forex trader? ️️️️️ 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat FX Trend displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long
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TPA True Price Action MT4 Indicator
TPA True Price Action MT4 Indicator
InvestSoft
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals (except early signals mode) strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. The first part of the TPA manual "The Basics" is now available (free to g
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Bermaui Pin Bars
Bermaui Pin Bars
Muhammad Elbermawi
Bermaui Pin Bars   Or (BPB) is an indicator that find Pin Bars price action pattern on the chart. Pin Bars is a shortcut for "Pinocchio Bars" which is a classic bar pattern alternative to Japanese candlesticks with tall upper or lower shadows and very small bodies like Hammer, Inverted-Hammer, Hanging Man, Shooting Star, Dragon Fly Doji or Grave Stone Doji. Bermaui Pin Bars indicator find this pattern depending on a formula that can be explained in the next steps: At first BPB calculate the
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Naked Forex Kangaroo Tail
Naked Forex Kangaroo Tail
Renaud Candel
Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Commodities, Metals, Cryptos. The Kangaroo Tail is a simple and very effective pattern to trade. The strategy that comes with the Kangaroo Tail is purely based on price action. Inputs of the indicator are : Distance: distance in pixel relative to top or bottom of candle to display the arrow symbol MaxBars: number of bars back used to calculate the indicator TradeDirection (Long/Short/LongAndShort): filter sign
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Bermaui Bands
Bermaui Bands
Muhammad Elbermawi
Bermaui Bands (BB) is a technical analysis tool that helps filter between ranging and trending price movements. The idea behind this indicator can be explained in the next steps: Calculate Standard Deviation as an oscillator that moves between 0 and 100. I will name it Bermaui Deviation percent (BD %). If "BD %" is near zero then volatility is at its extreme. In addition, if "BD %" is near 100 then volatility is very low. High volatility means a great probability for a trending market, whi
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Ultimate Double Top Bottom Reversal Scanner
Ultimate Double Top Bottom Reversal Scanner
FXsolutions
This indicator scans for you up to 30 trading instruments and up to 8 timeframes for occurrences of the high probability reversal patterns: Double Tops/Bottoms with fake breakouts . Please read also the blog post " Professional Trading With Double Tops/Bottoms And Divergences! " which explains the concepts behind the ULTIMATE Double Top/Bottom indicator and how you can use a professional top-down approach. You can get alerts via MetaTrader 4, email and push notifications at the moment when a sig
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FXtraderariel Indicator
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Ariel Capja
This is the FXTraderariel-Indicator . It scans the market for opportunities and creates a buy or sell signal. Depending on the settings and trading style, it can be used for scalping or long-term trading . The indicator can be used on every time frame , but we advise to use it on H1, H4 and D1 . Especially if you are a novice trader. Pro Traders can also you use it for scalping in smaller timeframes (M1, M5 and M15). This indicator is not a complete trading system. It doesn't give you exit point
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