Heiken Ashi OnOff MT5
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. Starting from this initial condition it's possible to show/hide the indicator just pressing the button or using the keyboard.
The indicator works overriding the colors of propreties of metatrader platform.
- For that reason before install it you have to write down your preferred candle colors. Then set them up in the INPUT of the indicator: 1.Bar UP, 2.Bar Down, 3.Bull Candle, 4.Bear Candle, 5.Line Graph and 6.Background. You can find these colors in propreties (key F8) of metatrader platform.
- After that you can can press the ok button.
- If you choose to leave the default indicator setting, the colors of metatrader platform will be changed as follow: Bar UP=LimeGreen, Bar Down=Red, Bull Candle=LimeGreen, Bear Candle=Red, Line Grapgh=LimeGreen, Background=Black
This representation of candlestick uses a modified formula to draw them:
- It's possible to setup color of the H.ASHI bars
- You can choose to spot the Doji candles and setup their color
- It's possible to setup color of body, shadow and Background of the
Metatrader platform: Bar UP, Bar Down, Bull Candle, Bear Candle, Line Grapgh and Background.
- 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