Moving Heiken Ashi for MT4- the power of two, in one indicator
We have already discussed moving averages many times here, their advantages and also how different ways can be used when trading with them.
Today, however, we have something quite unique for you, an indicator that houses the very popular line crossing, often known from moving averages, which is done with the help of two Heiken Ashi lines, which are much more resistant to weaker corrections, which is often their weakness in the case of MAs.
- The Heiken crossover indicator
- User Complexity: Simple
- Usability: Forex, Stock indices
- MetaTrader 4 Compatibility.
- Free indicator updates
Trading with the indicator
Even a complete beginner can trade with Moving Heiken Ashi. First of all, you need to choose the appropriate combination of period, method and step in the indicator settings (the trader must determine this completely by himself and the values will change in connection with the selected timeframe and instrument). After that, it is only necessary to wait for the crossing to occur and the signal to be generated, after which it is possible to immediately start entering the position in the given direction (see above/below).
Download Moving Heiken Ashi from the button below
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.