Heikin Ashi Candlestick Oscillator V2 Indicator

Heikin Ashi Candlestick Oscillator V2 Indicator

Forex BUY and SELL signals from the best Heikin Ashi Candlestick Oscillator V2. Draw uptrend/downtrend bars on the chart. Accurate trend detector.
The Heikin Ashi Candlestick Oscillator V2 indicator is a simple MT4 indicator that draws uptrend/downtrend bars on the chat to reflect the direction of the trend.

The indicator comprises red bearish bars and blue bullish bars. When the trend changes its course, the indicator changes its color.

The indicator is an up-gradation of the traditional Heikin Ashi indicator. The indicator comprises Triple Exponential Moving Average (TEMA) for drawing up bars.

Heikin Ashi Candlestick Oscillator V2 BUY/SELL signals

The above GBP/USD H4 chart shows BUY and SELL signals with the indicator.

The indicator displays the bearish and bullish trend by drawing up bars. The market sentiment is represented by these bars.

The indicator functions similarly to a standard candlestick chart. It uses a layered blue and red bars pattern to inform forex traders about market movements. The TEMA of the indicator filters out misleading signals and displays precise entry and exit points.

The indicator can also be used to spot market reversals. When the indicator changes color, traders can exit their long or short positions.

Is Heikin Ashi reliable?
Yes, the indicator presents reliable BUY and SELL signals by drawing bullish and bearish bars.

Is Heikin Ashi Candlestick Oscillator V2 good for day trading?
Yes, this indicator works on every timeframe. So, it’s good for day trading.

Conclusion
The Heikin Ashi Candlestick Oscillator V2 for MT4 plots bullish and bearish bars to tell the direction of the trend. In addition, this indicator is free to download, making it easily available for all forex traders.