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RunwiseFX Heikin Ashi with Alert

Description

Shows Heikin-Ashi candles (often misspelled Heiken-Ashi) on the chart and can alert when candles change color. The alert is useful for both entry and exit. The number of candles of the new color before an alert is raised can be set. The alert can be controlled interactively, directly from the chart.

Also includes bonus indicators of current spread and ask/bid prices in large text, color coded as price changes.

Usage

Heikin-Ashi candles give a much better insight to the underlying trend than regular candles provide. When the candles move from one color to another (buy to sell or visa-versa) then this can be a great point to consider an entry or exit. The alert saves you from continually having to watch the chart.

The indicator will show a small control panel on chart to allow the alert to be turned on and off, just click the check box with your mouse. The control panel also allows setting of the number of closed candles required, in the new color, before the alert is raised. Simply type the required number into the box. When an alert is raised the indicator will draw a horizontal line at the price and the control panel will show how many pips the market has moved since the alert. This is useful to know if you have taken too long to make a trade decision.

For the alert to work you must leave the chart open with the indicator placed on the chart. The alert can be set to pop-up, play wav file sound, email or notification.

A bonus spread indicator will show the current spread, which can be configured to change color if the spread has gone too high. Also current ask/bid prices can be shown in big text. The prices will be colored green if gone up, red if gone down or yellow if stayed the same. The indicators are optional and fully configurable.

Indicator Inputs

Variable Description
Main_alertOnDefault Set to true for alert to be on by default when indicator is placed onto a chart
Main_alertNumClosedBars Default number of closed bars of new candle color before alert is raised
Main_alertShowPriceLine If set to true will show horizontal price line on chart of the price when an alert was raised
Main_alertLineStyle Line style of the above alert price line
Col_alertSell Color of alert price line if a sell alert
Col_alertBuy Color of alert price line if a buy alert
Box_corner Which corner of the chart to show the alert's control panel. Default is bottom left.
Box_X X co-ordinate of where the show the alert's control panel
Box_Y Y co-ordinate of where the show the alert's control panel
Gen_GUIFontSize Font size for label on control panel
Gen_GUIFont Font name used on control panel
Gen_lineLabelFontSize Font size of text label used on horizontal price lines
Gen_alertPopUp If true then will alert via pop-up window (note, on strategy tester will appear in Journal)
Gen_alertSound If true will alert via playing of wav file
Gen_alertSoundWavFile Wav file fame, use if Gen_alertSound is set to true
Gen_alertMail If true then will alert via email, as configured in your MetaTrader terminal
Gen_alertNotification If true then will alert via push notification, as configured in your MetaTrader terminal
Gen_colorLabel Color used for labels in the control panel
Gen_colorSell General color to use for sell
Gen_colorBuy General color to use for buy
Gen_colorSellBuy General color to use when transitioning from buy/sell
Gen_askBidPricesShow If true when will show ask/bid prices on the chart
Gen_askBidPricesCorner Which corner of the chart to show the ask/bid prices
Gen_askBidPricesX X co-ordinate of ask/bid prices
Gen_askBidPricesY Y co-ordinate of ask/bid prices
Gen_askBidPricesSizeAsk Font size of ask price
Gen_askBidPricesSizeBid Font size of bid price
Gen_spreadShow If true then will show current spread
Gen_spreadCorner Which corner of the chart to show the spread
Gen_spreadX X co-ordinate of the spread
Gen_spreadY Y co-ordinate of the spread
Gen_spreadWarn1Pips How large spread has to be to show it in the warning 1 color
Gen_spreadWarn2Pips How large spread has to be to show it in the warning 2 color
Gen_spreadWarn1Color Color to use when reached warning 1 number of pips
Gen_spreadWarn2Color Color to use when reached warning 2 number of pips
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This is an easy to use indicator based on multitimeframe cluster analysis of specified currencies. It provides simple yet powerful signals for trading and gives numerical measures of signal strength in percentage value. After placing the indicator on a chart, it displays a table with the following structure: all symbols with currently available opportunities to trade are listed in rows, and trading strategies are listed in columns as short-term (hours), mid-term (days), and long-term (weeks) tra
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Pairs Arbitrage Correlation
Pairs Arbitrage Correlation
Vladimir Tkach
The cross-correlation indicator calculates the relationship between the specified pairs for the previous period. Automatically selects the instruments with the highest and the lowest correlation, and then simulates trading on the selected pairs on the same test period. Then indicator displays the pairs that have shown the best trading results. Visualizes the PAC (Pairs Arbitrage Correlation) criterion for the pairs selected by the trader. The signal to open trades is set by the PAC levels. When
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Venom
Venom
Yaroslav Varankin
Индикатор Venom - это новый вид индикатора скальпинга. с высокой точностью правильных прогнозов более 70% в индикаторе вы можете выбрать, для какого периода отображать сигналы, чем больше столбцов вы выберете, тем больше сигналов вы получите сигналы индикатора не перерисовываются не исчезают ему можно доверять 100% Когда под свечой появляется синяя красная стрелка, покупается опция ВВЕРХ. Когда появляется красная стрелка, выбирается опция ВНИЗ. индикатор основан на нашей новой разработке, то ес
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PipTick Supply Demand
PipTick Supply Demand
Michal Jurnik
PipTick Supply Demand is the best indicator we have ever made. This great tool automatically draws a supply and demand zones which are the best places for opening and closing the positions. It has many advanced features such as multi timeframe zones support, displaying width of zones, alert notifications for retouched zones and much more. Because of principle of market fractality, this indicator can be used for any kind of trading. It does not matter whether you are positional, swing or intraday
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PipTick Effort Index MT4
PipTick Effort Index MT4
Michal Jurnik
PipTick Effort Index indicator is based on the work of Karthik Marar, volume spread analysis trader. It compares the change in price (Result) to the size of volume (Effort) for a certain period of time. By comparing the effort and result we can get more information about the future price movement. Both values are normalized and converted to scale of 0-100% based on a selectable look back period. The law of effort and result The law of effort vs. result states that the change in price of a tradin
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XCalper TFO MT4
XCalper TFO MT4
Aecio de Feo Flora Neto
This oscillator was created exclusively by xCalper in 2015 based on moving averages calculations to indicate and try predicting oversold and overbought levels. The fast line (white by default) oscillates basically between values -0.5 (oversold) and +0.5 (overbought). Whenever the fast line crosses the value of -0.5 upwards, it means an oversold price level. When it crosses the value of +0.5 downwards, it means an overbought price level. When fast line crosses the value of 0.0 and returns, it is
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EMA Dashboard
EMA Dashboard
Chantal Sala
Ema Dashboard is an innovative dashboard that allows you to monitor Moving Average on multiples symbols and different timeframes. This dashboard allows you to analyze information on 28 pairs on an unique chart. Its functionality includes analysis of All Time Frames. This configuration allows you to identify the Long Term Trend with extreme ease. This panel allows you to take very important directional movements. A click on button opens a new chart (symbol and timeframe). Graphic Object Symbol
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Moving Band
Moving Band
Vijaya Kumar Hegde
Moving band is a trend based, custom indicator which combines multiple Moving Averages and Bollinger Band . Features Trend based Indicator Does not repaint No False Signals Works on all Time Frames Applicable on Forex, Indices and Stocks Input Parameters Show Indicator after Testing : True/False Sound an alert : True/False Send an email : True/False Send a notification : True/False Signals The signals are generated with intersection of multiple Moving Averages with mid Bollinger Band Buy whe
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Algo Candles
Algo Candles
Chantal Sala
Algo Candle is a very good indicator that permits to see, through the candle color, the strength of the algorithmic study chosen. In input you can choose your favorite algorithmic calculations such as: RSI, Vortex, MACD, Momentum, Stochastic and ATR. The candles are colored based on the levels of the chosen indicator. This indicator eliminates too many oscillators or indicators on your charts and gives you very useful information. Algo Candle is an excellent operating ally, allowing you to get m
50 USD
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
50 USD
Range Trader For Multi Pair And Multi Time Frame
Range Trader For Multi Pair And Multi Time Frame
ScorpionFX
(FOR MT4)   Range Trader Multi Pair And Multi Time Frame : This indicator has been designed to automatically identify high probability range trading opportunities. The goal is to find non trending pairs that are coming off a recent high / low. And this indicator uses two filters (RSI and ADX) to identify these opportunities. IMPORTANT FACTORS TO KEEP IN MIND: The FX market is range bound  at least  70% of the time. And range trading has several distinct advantages that make it safer and more
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