Heiken Ashi Real Indicator

Heiken Ashi Real Indicator

Heiken Ashi Real Indicator For MT4 plots two indicator lines based on Heiken Ashi without changing the color of Japanese candlesticks

The Heiken Ashi real indicator for MT4 shows two indicator lines on the price chart without changing the candles. Generally, Heiken Ashi indicators change the Japanese candlesticks into Heiken Ashi candles.

Heiken Ashi candles are formed using the average prices and does not show the actual price. Generally, Heiken Ashi candles may not be suitable for scalpers and intraday forex traders. But, this indicator keeps the original candlesticks and plots the Heiken Ashi values as two indicator lines.

The indicator is easy to use and is effective for new and advanced forex traders. Additionally, traders can use it on all chart time frames.

Heiken Ashi Real Indicator For MT4 Trading Signals

The indicator plots the white and red lines on the price chart. The trading strategy is to enter the markets upon the crossover of these lines.

If the white line crosses the red line upwards, it indicates a bullish price trend. So, traders can open buy trades with a stop loss below the previous swing low. It is imperative to exit the position upon an opposite trading signal as it implies a trend change.

Similarly, traders should consider entering a sell position if the white line crosses the red line downwards.

Another trading strategy is to identify the trend direction in a higher chart time frame. Once the direction is established traders can look for best entry points in a lower chart time frame.

Conclusion
In summary, the Real Heiken Ashi indicator for MT4 helps eliminate the lag associated with Heiken Ashi. As a result, it helps forex traders understand the real prices using Japanese candlesticks.