Heiken Ashi Candles Indicator for MetaTrader 4 Download - Free - [TFlab]

The Heiken Ashi Candles indicator is one of the efficient tools within MetaTrader 4 indicators, designed to effortlessly identify market trends (Market Trends) and potential reversals (Potential Reversals).

As a result, it provides a clearer and more fluid depiction of price movements on the chart, making trend analysis easier for traders.

Indicator Specifications Table

The table below summarizes the key features of this indicator:

Indicator in an Uptrend

In the USD/JPY chart, green candles without lower shadows and larger bodies indicate a strong uptrend.

Traders can anticipate market movements in key areas, such as support zones or order blocks, allowing them to maintain or increase their buy positions.

Indicator in a Downtrend

The chart below shows the USD/CAD pair. Red candles with long bodies and no upper shadows signify the dominance of sellers and the continuation of a downtrend.

After receiving the necessary confirmations, traders can enter sell positions in specific zones.

Indicator Settings

The complete configuration details are displayed in the image below:

• Chart Theme: The background theme of the indicator

Conclusion

The Heiken Ashi Candles Indicator is easily accessible on the MetaTrader 4 (MT4) platform and helps identify market trends across various timeframes.

Due to its smoother trend visualization, this tool is highly beneficial for initial trend analysis.